Levin Capital Strategies L.P. Grows Stake in BWX Technologies, Inc. $BWXT

Levin Capital Strategies L.P. lifted its position in BWX Technologies, Inc. (NYSE:BWXT) by 11.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 123,525 shares of the technology company’s stock after purchasing an additional 12,251 shares during the period. BWX Technologies accounts for approximately 1.7% of Levin Capital Strategies L.P.’s investment portfolio, making the stock its 20th largest holding. Levin Capital Strategies L.P.’s holdings in BWX Technologies were worth $17,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of BWXT. Creative Financial Designs Inc. ADV lifted its position in BWX Technologies by 250.0% during the second quarter. Creative Financial Designs Inc. ADV now owns 175 shares of the technology company’s stock valued at $25,000 after purchasing an additional 125 shares in the last quarter. Hantz Financial Services Inc. lifted its position in BWX Technologies by 861.9% during the second quarter. Hantz Financial Services Inc. now owns 202 shares of the technology company’s stock valued at $29,000 after purchasing an additional 181 shares in the last quarter. Stone House Investment Management LLC purchased a new position in BWX Technologies during the first quarter valued at $31,000. Compass Financial Services Inc purchased a new position in BWX Technologies during the first quarter valued at $33,000. Finally, HHM Wealth Advisors LLC lifted its position in BWX Technologies by 34.5% during the first 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 in the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at BWX Technologies

In related news, Director Leland D. Melvin sold 600 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $178.26, for a total value of $106,956.00. Following the transaction, the director owned 5,579 shares of the company’s stock, valued at $994,512.54. This represents a 9.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rex D. Geveden sold 25,000 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $179.00, for a total value of $4,475,000.00. Following the completion of the transaction, the chief executive officer directly owned 197,594 shares in the company, valued at approximately $35,369,326. This trade represents a 11.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 29,953 shares of company stock worth $5,359,758 in the last ninety days. 0.47% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Wall Street Zen downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. William Blair reaffirmed an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, September 17th. Weiss Ratings lowered BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Zacks Research raised BWX Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Finally, Northland Securities initiated coverage on BWX Technologies in a research note on Wednesday, September 10th. They issued an “outperform” rating and a $205.00 price objective for the company. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $168.08.

BWX Technologies Trading Up 1.1%

Shares of BWXT stock opened at $215.92 on Tuesday. 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 stock’s 50 day simple moving average is $184.84 and its two-hundred day simple moving average is $153.13. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $218.50. The company has a market cap of $19.73 billion, a PE ratio of 67.47, a price-to-earnings-growth ratio of 4.24 and a beta of 0.78.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, November 3rd. The technology company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.15. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.During the same period in the prior year, the business earned $0.83 EPS. The business’s revenue for the quarter was up 28.9% on a year-over-year basis. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. Research analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The company 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 $0.25 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $1.00 annualized dividend and a yield of 0.5%. BWX Technologies’s dividend payout ratio is 31.25%.

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.