Stephens Investment Management Group LLC decreased its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT – Free Report) by 4.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 560,388 shares of the technology company’s stock after selling 26,985 shares during the quarter. BWX Technologies makes up approximately 1.3% of Stephens Investment Management Group LLC’s holdings, making the stock its 10th biggest holding. Stephens Investment Management Group LLC’s holdings in BWX Technologies were worth $103,319,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Invesco Ltd. grew its holdings in shares of BWX Technologies by 139.0% during the second quarter. Invesco Ltd. now owns 1,592,380 shares of the technology company’s stock valued at $229,398,000 after purchasing an additional 926,117 shares during the last quarter. Valeo Financial Advisors LLC boosted its position in BWX Technologies by 33,572.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,517,599 shares of the technology company’s stock valued at $2,228,000 after purchasing an additional 1,513,092 shares during the period. William Blair Investment Management LLC grew its stake in BWX Technologies by 523.2% during the 2nd quarter. William Blair Investment Management LLC now owns 1,517,356 shares of the technology company’s stock worth $218,590,000 after buying an additional 1,273,895 shares during the last quarter. Artisan Partners Limited Partnership acquired a new stake in BWX Technologies in the second quarter worth $183,859,000. Finally, Blair William & Co. IL lifted its stake in BWX Technologies by 28.2% in the second quarter. Blair William & Co. IL now owns 1,003,607 shares of the technology company’s stock valued at $144,580,000 after buying an additional 220,616 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.
BWX Technologies Trading Up 2.2%
BWX Technologies stock opened at $217.85 on Friday. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $220.57. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.71 and a quick ratio of 1.62. The stock has a market capitalization of $19.92 billion, a PE ratio of 65.42, a price-to-earnings-growth ratio of 3.43 and a beta of 0.86. The firm has a 50 day simple moving average of $182.74 and a 200-day simple moving average of $176.05.
BWX Technologies Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $1.00 annualized dividend and a yield of 0.5%. BWX Technologies’s dividend payout ratio (DPR) is currently 30.03%.
Insiders Place Their Bets
In related news, CEO Rex D. Geveden sold 10,000 shares of BWX Technologies stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $197.90, for a total transaction of $1,979,000.00. Following the transaction, the chief executive officer directly owned 187,594 shares of the company’s stock, valued at $37,124,852.60. The trade was a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the stock. Bank of America upped their price target on shares of BWX Technologies from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. CJS Securities raised shares of BWX Technologies to a “strong-buy” rating in a research note on Friday, December 12th. Deutsche Bank Aktiengesellschaft set a $180.00 price target on shares of BWX Technologies and gave the company a “hold” rating in a research note on Wednesday, October 8th. Wedbush reiterated an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, October 1st. Finally, Zacks Research cut BWX Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Three research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.96.
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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