Van ECK Associates Corp lifted its position in shares of BWX Technologies, Inc. (NYSE:BWXT – Free Report) by 40.2% in the third quarter, Holdings Channel reports. The firm owned 1,095,020 shares of the technology company’s stock after purchasing an additional 314,229 shares during the period. Van ECK Associates Corp’s holdings in BWX Technologies were worth $201,888,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the stock. WFA of San Diego LLC acquired a new stake in BWX Technologies during the 2nd quarter valued at $29,000. Global Trust Asset Management LLC acquired a new position in BWX Technologies in the third quarter worth about $32,000. Quent Capital LLC acquired a new stake in shares of BWX Technologies during the 3rd quarter valued at approximately $43,000. Root Financial Partners LLC bought a new position in shares of BWX Technologies in the 3rd quarter worth about $51,000. Finally, HM Payson & Co. bought a new position in shares of BWX Technologies during the third quarter valued at approximately $52,000. 94.39% of the stock is currently owned by institutional investors and hedge funds.
BWX Technologies Stock Up 2.8%
NYSE BWXT opened at $200.73 on Tuesday. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $220.57. The stock has a market cap of $18.35 billion, a PE ratio of 56.23, a PEG ratio of 3.19 and a beta of 0.83. The firm has a 50-day simple moving average of $201.54 and a 200 day simple moving average of $189.03. The company has a debt-to-equity ratio of 1.64, a quick ratio of 2.25 and a current ratio of 2.32.
BWX Technologies Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Wednesday, March 11th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.5%. This is a boost from BWX Technologies’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, March 11th. BWX Technologies’s payout ratio is currently 28.01%.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on BWXT. Weiss Ratings raised BWX Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 25th. CJS Securities raised BWX Technologies to a “strong-buy” rating in a report on Friday, December 12th. BNP Paribas Exane began coverage on shares of BWX Technologies in a research note on Thursday, January 15th. They issued a “neutral” rating and a $215.00 price objective for the company. BTIG Research raised their price target on shares of BWX Technologies from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Finally, Zacks Research upgraded BWX Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. Three analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.45.
View Our Latest Stock Analysis on BWXT
Insiders Place Their Bets
In other BWX Technologies news, Director Gerhard F. Burbach sold 1,983 shares of the stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $208.61, for a total value of $413,673.63. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Kevin James Gorman sold 1,344 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $214.71, for a total transaction of $288,570.24. Following the completion of the transaction, the chief accounting officer directly owned 114 shares of the company’s stock, valued at approximately $24,476.94. The trade was a 92.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 13,327 shares of company stock valued at $2,734,844. 0.47% of the stock is currently owned by insiders.
BWX Technologies Company Profile
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.
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