Pinnacle Associates Ltd. Sells 2,377 Shares of BWX Technologies, Inc. $BWXT

Pinnacle Associates Ltd. cut its position in BWX Technologies, Inc. (NYSE:BWXT) by 3.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,032 shares of the technology company’s stock after selling 2,377 shares during the quarter. Pinnacle Associates Ltd. owned about 0.08% of BWX Technologies worth $12,104,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. grew its stake in shares of BWX Technologies by 1.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 5,448 shares of the technology company’s stock valued at $942,000 after acquiring an additional 54 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in shares of BWX Technologies by 3.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 1,979 shares of the technology company’s stock worth $342,000 after purchasing an additional 67 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of BWX Technologies by 1.2% during the second quarter. Corient Private Wealth LLC now owns 5,880 shares of the technology company’s stock worth $847,000 after purchasing an additional 69 shares during the period. Barnes Dennig Private Wealth Management LLC increased its holdings in shares of BWX Technologies by 10.1% during the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 783 shares of the technology company’s stock worth $135,000 after purchasing an additional 72 shares during the period. Finally, Cascade Investment Advisors Inc. raised its position in shares of BWX Technologies by 1.0% in the fourth quarter. Cascade Investment Advisors Inc. now owns 8,884 shares of the technology company’s stock valued at $1,536,000 after buying an additional 87 shares in the last quarter. Institutional investors own 94.39% of the company’s stock.

Wall Street Analyst Weigh In

BWXT has been the topic of a number of analyst reports. BNP Paribas Exane began coverage on BWX Technologies in a research report on Thursday, January 15th. They set a “neutral” rating and a $215.00 price target on the stock. Wall Street Zen upgraded BWX Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. TD Securities assumed coverage on BWX Technologies in a report on Thursday, March 12th. They set a “buy” rating and a $230.00 target price on the stock. Weiss Ratings raised BWX Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $205.00 price objective on shares of BWX Technologies in a research report on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, BWX Technologies currently has an average rating of “Moderate Buy” and an average target price of $217.96.

BWX Technologies Price Performance

Shares of BWXT opened at $211.34 on Friday. The business has a 50-day simple moving average of $212.79 and a two-hundred day simple moving average of $199.90. BWX Technologies, Inc. has a 12-month low of $106.22 and a 12-month high of $241.82. The company has a quick ratio of 2.33, a current ratio of 2.40 and a debt-to-equity ratio of 1.58. The stock has a market cap of $19.36 billion, a PE ratio of 56.51, a PEG ratio of 3.41 and a beta of 0.78.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, May 4th. The technology company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.92 by $0.20. The business had revenue of $860.22 million for the quarter, compared to the consensus estimate of $837.47 million. BWX Technologies had a net margin of 10.20% and a return on equity of 31.33%. The firm’s revenue was up 26.1% compared to the same quarter last year. During the same period last year, the company earned $0.91 EPS. BWX Technologies has set its FY 2026 guidance at 4.600-4.750 EPS. Analysts anticipate that BWX Technologies, Inc. will post 4.71 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Tuesday, May 19th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Tuesday, May 19th. BWX Technologies’s dividend payout ratio (DPR) is 28.88%.

Insider Activity

In other news, CFO Michael Thomas Fitzgerald sold 2,417 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $209.25, for a total value of $505,757.25. Following the transaction, the chief financial officer owned 6,884 shares in the company, valued at approximately $1,440,477. The trade was a 25.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rex D. Geveden sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $204.81, for a total value of $2,048,100.00. Following the sale, the chief executive officer owned 202,491 shares in the company, valued at approximately $41,472,181.71. The trade was a 4.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 15,744 shares of company stock worth $3,256,101 in the last 90 days. 0.60% of the stock is owned by company insiders.

About BWX Technologies

BWX Technologies, Inc (NYSE: BWXT) is a specialized supplier of nuclear components and services, primarily serving the U.S. government and commercial markets. The company’s core expertise lies in the design, fabrication and servicing of nuclear propulsion systems for the U.S. Navy, where it supports the maintenance and overhaul of naval nuclear reactors. In addition to defense applications, BWXT develops small modular reactors (SMRs), nuclear fuel and related technologies for non‐defense power generation, offering scalable solutions to meet evolving energy and industrial demands.

Beyond propulsion and power systems, BWXT is a leading producer of medical radioisotopes used in diagnostic imaging and cancer treatment.