BWX Technologies, Inc. $BWXT Stock Holdings Cut by SG Americas Securities LLC

SG Americas Securities LLC reduced its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 85.4% during the second quarter, Holdings Channel reports. The firm owned 18,552 shares of the technology company’s stock after selling 108,441 shares during the period. SG Americas Securities LLC’s holdings in BWX Technologies were worth $2,673,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BWXT. Pinnbrook Capital Management LP purchased a new position in BWX Technologies during the second quarter valued at approximately $5,740,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of BWX Technologies by 7.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,473 shares of the technology company’s stock worth $3,382,000 after buying an additional 1,614 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in BWX Technologies during the second quarter worth approximately $132,498,000. L & S Advisors Inc grew its stake in BWX Technologies by 3.9% in the 2nd quarter. L & S Advisors Inc now owns 28,897 shares of the technology company’s stock valued at $4,163,000 after buying an additional 1,080 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey increased its stake in shares of BWX Technologies by 4.7% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 34,636 shares of the technology company’s stock worth $4,990,000 after purchasing an additional 1,548 shares during the period. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Northland Securities set a $225.00 target price on shares of BWX Technologies in a research report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft set a $180.00 price target on BWX Technologies and gave the company a “hold” rating in a research report on Wednesday, October 8th. Bank of America lifted their target price on shares of BWX Technologies from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of BWX Technologies in a report on Thursday, November 13th. Finally, Wedbush reissued an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, October 1st. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, BWX Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $184.83.

BWX Technologies Price Performance

NYSE BWXT opened at $175.79 on Wednesday. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $218.50. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69. The business has a 50 day simple moving average of $190.62 and a 200 day simple moving average of $159.51. The stock has a market cap of $16.07 billion, a price-to-earnings ratio of 54.93, a PEG ratio of 4.24 and a beta of 0.78.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, November 3rd. The technology company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.15. The firm had revenue of $866.29 million during the quarter, compared to analyst estimates of $795.48 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The company’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 EPS. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. Analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 19th. This represents a $1.00 annualized dividend and a yield of 0.6%. BWX Technologies’s dividend payout ratio is presently 30.03%.

Insider Buying and Selling at BWX Technologies

In related news, CEO Rex D. Geveden sold 10,000 shares of BWX Technologies stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $197.90, for a total value of $1,979,000.00. Following the sale, the chief executive officer owned 187,594 shares of the company’s stock, valued at approximately $37,124,852.60. The trade was a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.47% of the stock is owned by insiders.

About BWX Technologies

BWX Technologies, Inc, together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments, Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.