Sigma Planning Corp purchased a new stake in BWX Technologies, Inc. (NYSE:BWXT – Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,219 shares of the technology company’s stock, valued at approximately $658,000.
Other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of BWX Technologies during the fourth quarter valued at approximately $9,754,000. Massachusetts Financial Services Co. MA raised its position in BWX Technologies by 18.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,375,740 shares of the technology company’s stock worth $237,783,000 after purchasing an additional 216,707 shares during the last quarter. MGO One Seven LLC lifted its holdings in BWX Technologies by 354.7% during the 4th quarter. MGO One Seven LLC now owns 17,695 shares of the technology company’s stock worth $3,058,000 after buying an additional 13,803 shares in the last quarter. Intech Investment Management LLC lifted its holdings in BWX Technologies by 22.7% during the 4th quarter. Intech Investment Management LLC now owns 32,668 shares of the technology company’s stock worth $5,646,000 after buying an additional 6,053 shares in the last quarter. Finally, Oak Thistle LLC boosted its position in BWX Technologies by 266.3% in the 4th quarter. Oak Thistle LLC now owns 6,836 shares of the technology company’s stock valued at $1,182,000 after buying an additional 4,970 shares during the last quarter. 94.39% of the stock is owned by institutional investors.
BWX Technologies Stock Performance
Shares of BWX Technologies stock opened at $171.52 on Monday. The firm has a fifty day moving average of $194.86 and a two-hundred day moving average of $203.00. The company has a debt-to-equity ratio of 1.58, a quick ratio of 2.33 and a current ratio of 2.40. The stock has a market capitalization of $15.71 billion, a price-to-earnings ratio of 45.86, a PEG ratio of 2.92 and a beta of 0.74. BWX Technologies, Inc. has a 52 week low of $136.18 and a 52 week high of $241.82.
BWX Technologies Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Tuesday, May 19th were issued a dividend of $0.27 per share. The ex-dividend date was Tuesday, May 19th. This represents a $1.08 dividend on an annualized basis and a yield of 0.6%. BWX Technologies’s dividend payout ratio (DPR) is 28.88%.
Wall Street Analysts Forecast Growth
BWXT has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft upgraded BWX Technologies from a “hold” rating to a “buy” rating and boosted their target price for the stock from $205.00 to $255.00 in a research report on Friday, May 15th. Seaport Research Partners upgraded BWX Technologies from a “neutral” rating to a “buy” rating and set a $245.00 price target on the stock in a report on Monday, June 22nd. Truist Financial lifted their price objective on BWX Technologies from $205.00 to $212.00 and gave the stock a “hold” rating in a research report on Monday, May 11th. Wells Fargo & Company began coverage on BWX Technologies in a report on Wednesday, April 1st. They set an “underweight” rating and a $200.00 price objective for the company. Finally, Zacks Research downgraded shares of BWX Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $228.00.
Read Our Latest Report on BWXT
Insider Activity
In other news, CEO Rex D. Geveden sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $204.81, for a total transaction of $2,048,100.00. Following the completion of the transaction, the chief executive officer directly owned 202,491 shares in the company, valued at approximately $41,472,181.71. The trade was a 4.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael Thomas Fitzgerald sold 2,417 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $209.25, for a total transaction of $505,757.25. Following the completion of the sale, the chief financial officer owned 6,884 shares in the company, valued at $1,440,477. This represents a 25.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is currently owned by insiders.
About BWX Technologies
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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