BWX Technologies, Inc. $BWXT Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. cut its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,390,605 shares of the technology company’s stock after selling 27,334 shares during the quarter. Franklin Resources Inc. owned approximately 2.62% of BWX Technologies worth $344,391,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in BWXT. Creative Financial Designs Inc. ADV grew its stake in BWX Technologies by 250.0% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 175 shares of the technology company’s stock worth $25,000 after buying an additional 125 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of BWX Technologies by 861.9% during the second quarter. Hantz Financial Services Inc. now owns 202 shares of the technology company’s stock worth $29,000 after acquiring an additional 181 shares during the last quarter. Stone House Investment Management LLC acquired a new stake in shares of BWX Technologies in the 1st quarter worth about $31,000. Compass Financial Services Inc bought a new stake in BWX Technologies in the 1st quarter valued at about $33,000. Finally, HHM Wealth Advisors LLC boosted its stake in BWX Technologies by 34.5% during the 1st quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company’s stock valued at $38,000 after purchasing an additional 100 shares during the period. Institutional investors own 94.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Truist Financial raised their price target on shares of BWX Technologies from $173.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. Northland Securities set a $225.00 target price on BWX Technologies in a research report on Tuesday, November 4th. Northland Capmk upgraded BWX Technologies to a “strong-buy” rating in a research report on Tuesday, September 9th. Wedbush reissued an “outperform” rating on shares of BWX Technologies in a report on Wednesday, October 1st. Finally, Bank of America lifted their price objective 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. Three investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $184.83.

BWX Technologies Stock Down 3.1%

Shares of BWXT stock opened at $169.76 on Friday. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year 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’s fifty day moving average is $191.03 and its 200-day moving average is $160.16. The stock has a market cap of $15.52 billion, a PE ratio of 53.05, a price-to-earnings-growth 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, beating the consensus estimate of $0.85 by $0.15. The business had revenue of $866.29 million during the quarter, compared to analysts’ expectations of $795.48 million. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The company’s quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter last year, the business posted $0.83 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. Equities analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

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. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Wednesday, November 19th. BWX Technologies’s dividend payout ratio (DPR) is presently 30.03%.

Insider Transactions at BWX Technologies

In other BWX Technologies news, CEO Rex D. Geveden sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $197.90, for a total transaction of $1,979,000.00. Following the sale, the chief executive officer owned 187,594 shares in the company, valued at approximately $37,124,852.60. The trade was a 5.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.47% of the company’s stock.

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.