Clear Creek Financial Management LLC Acquires 1,239 Shares of BWX Technologies, Inc. $BWXT

Clear Creek Financial Management LLC boosted its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 54.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,494 shares of the technology company’s stock after buying an additional 1,239 shares during the period. Clear Creek Financial Management LLC’s holdings in BWX Technologies were worth $503,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vontobel Holding Ltd. purchased a new stake in BWX Technologies during the 1st quarter valued at $383,000. Synergy Asset Management LLC purchased a new stake in BWX Technologies during the 1st quarter valued at $296,000. Artemis Investment Management LLP purchased a new stake in BWX Technologies during the 1st quarter valued at $19,331,000. PNC Financial Services Group Inc. raised its stake in BWX Technologies by 52.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,460 shares of the technology company’s stock valued at $1,131,000 after buying an additional 3,950 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in BWX Technologies by 343.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 33,063 shares of the technology company’s stock valued at $3,262,000 after buying an additional 25,615 shares during the last quarter. 94.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BWXT shares. Weiss Ratings lowered shares of BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Bank of America boosted their target price on shares of BWX Technologies from $155.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. William Blair reiterated an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, September 17th. Northland Capmk upgraded shares of BWX Technologies to a “strong-buy” rating in a research note on Tuesday, September 9th. Finally, Truist Financial set a $145.00 target price on shares of BWX Technologies and gave the company a “hold” rating in a research note on Tuesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $164.58.

BWX Technologies Trading Down 2.9%

NYSE:BWXT opened at $190.00 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. The firm has a market capitalization of $17.37 billion, a price-to-earnings ratio of 59.38, a price-to-earnings-growth ratio of 4.42 and a beta of 0.78. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $199.72. The business has a fifty day moving average price of $173.96 and a 200-day moving average price of $140.31.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, August 4th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.79 by $0.23. The firm had revenue of $764.00 million during the quarter, compared to analyst estimates of $708.00 million. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.BWX Technologies’s revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 EPS. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 18th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.00 annualized dividend and a yield of 0.5%. BWX Technologies’s dividend payout ratio is currently 31.25%.

Insider Activity

In related news, SVP Omar Fathi Meguid sold 2,261 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $179.84, for a total value of $406,618.24. Following the completion of the transaction, the senior vice president owned 2,361 shares of the company’s stock, valued at approximately $424,602.24. This represents a 48.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the company’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $177.43, for a total transaction of $371,183.56. Following the completion of the transaction, the senior vice president directly owned 10,149 shares of the company’s stock, valued at $1,800,737.07. This represents a 17.09% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,953 shares of company stock worth $5,359,758. 0.47% of the stock is currently owned by corporate insiders.

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.