Kingsview Wealth Management LLC Acquires Shares of 3,230 BWX Technologies, Inc. $BWXT

Kingsview Wealth Management LLC bought a new position in BWX Technologies, Inc. (NYSE:BWXT) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,230 shares of the technology company’s stock, valued at approximately $465,000.

Several other institutional investors also recently modified their holdings of the business. Cetera Investment Advisers lifted its holdings in BWX Technologies by 0.5% during the second quarter. Cetera Investment Advisers now owns 21,756 shares of the technology company’s stock worth $3,134,000 after acquiring an additional 115 shares during the period. Creative Planning increased its position in shares of BWX Technologies by 49.7% during the 2nd quarter. Creative Planning now owns 11,315 shares of the technology company’s stock valued at $1,630,000 after purchasing an additional 3,758 shares during the last quarter. Pinnbrook Capital Management LP bought a new stake in shares of BWX Technologies during the 2nd quarter worth $5,740,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of BWX Technologies by 7.4% in the 2nd 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. Finally, Massachusetts Financial Services Co. MA bought a new position in BWX Technologies during the second quarter valued at about $132,498,000. 94.39% of the stock is owned by institutional investors.

Insider Transactions at BWX Technologies

In other BWX Technologies news, CEO Rex D. Geveden sold 10,000 shares of the firm’s 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 completion of the transaction, the chief executive officer owned 187,594 shares in the company, valued at $37,124,852.60. This trade represents a 5.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on BWXT. BTIG Research lifted their price objective on shares of BWX Technologies from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Zacks Research upgraded shares of BWX Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Bank of America lifted their price target on shares of BWX Technologies from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Northland Capmk raised BWX Technologies to a “strong-buy” rating in a report on Tuesday, September 9th. Finally, Northland Securities set a $225.00 target price on BWX Technologies in a research note on Tuesday, November 4th. Three investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $184.83.

BWX Technologies Stock Performance

Shares of BWXT stock opened at $169.76 on Friday. The firm’s 50 day moving average is $191.03 and its 200 day moving average is $160.16. The stock has a market capitalization of $15.52 billion, a P/E ratio of 53.05, a PEG ratio of 4.24 and a beta of 0.78. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $218.50. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings data on Monday, November 3rd. The technology company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.15. The business 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%. BWX Technologies’s revenue was up 28.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.83 EPS. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. On average, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

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

BWX Technologies Company Profile

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.