BWX Technologies, Inc. $BWXT Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its position in BWX Technologies, Inc. (NYSE:BWXT) by 26.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,397 shares of the technology company’s stock after selling 12,901 shares during the period. Intech Investment Management LLC’s holdings in BWX Technologies were worth $5,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in BWXT. Allianz Asset Management GmbH purchased a new stake in shares of BWX Technologies during the first quarter worth $486,000. Hazlett Burt & Watson Inc. grew its stake in BWX Technologies by 194.0% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 632 shares of the technology company’s stock valued at $63,000 after acquiring an additional 417 shares in the last quarter. PFG Advisors grew its stake in BWX Technologies by 55.0% during the 1st quarter. PFG Advisors now owns 27,147 shares of the technology company’s stock valued at $2,678,000 after acquiring an additional 9,633 shares in the last quarter. Financial Sense Advisors Inc. raised its holdings in BWX Technologies by 3.1% in the 1st quarter. Financial Sense Advisors Inc. now owns 13,600 shares of the technology company’s stock valued at $1,342,000 after acquiring an additional 413 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in BWX Technologies in the 1st quarter worth approximately $1,432,000. 94.39% of the stock is owned by institutional investors and hedge funds.

BWX Technologies Price Performance

NYSE:BWXT opened at $176.09 on Tuesday. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 week high of $218.50. The stock’s fifty day moving average is $190.35 and its two-hundred day moving average is $159.06. The company has a market capitalization of $16.10 billion, a P/E ratio of 55.03, a P/E/G ratio of 4.24 and a beta of 0.78. The company has a quick ratio of 1.60, a current ratio of 1.69 and a debt-to-equity ratio of 1.28.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, November 3rd. The technology company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.15. The firm had revenue of $866.29 million during the quarter, compared to the consensus estimate 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 period last year, the company earned $0.83 EPS. 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 EPS for the current year.

BWX Technologies Dividend Announcement

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

Insider Activity at BWX Technologies

In related news, CEO Rex D. Geveden sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $197.90, for a total transaction of $1,979,000.00. Following the completion of the transaction, the chief executive officer owned 187,594 shares of the company’s stock, valued at approximately $37,124,852.60. This trade represents a 5.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on BWXT shares. Maxim Group reaffirmed a “hold” rating on shares of BWX Technologies in a report on Wednesday, August 6th. Wall Street Zen upgraded BWX Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Zacks Research upgraded BWX Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of BWX Technologies in a research report on Thursday. Finally, Northland Securities set a $225.00 price objective on shares of BWX Technologies in a report on Tuesday, November 4th. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $184.83.

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.