Insight Wealth Strategies LLC purchased a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 31,104 shares of the technology company’s stock, valued at approximately $5,949,000.
Several other large investors have also recently added to or reduced their stakes in the company. MV Capital Management Inc. acquired a new position in BWX Technologies in the fourth quarter worth $32,000. WFA of San Diego LLC acquired a new stake in shares of BWX Technologies during the second quarter worth $29,000. Tucker Asset Management LLC bought a new position in shares of BWX Technologies in the 4th quarter worth about $36,000. Vermillion Wealth Management Inc. lifted its position in shares of BWX Technologies by 71.7% in the 4th quarter. Vermillion Wealth Management Inc. now owns 237 shares of the technology company’s stock worth $41,000 after buying an additional 99 shares during the last quarter. Finally, Smithfield Trust Co boosted its holdings in shares of BWX Technologies by 52.1% in the 4th quarter. Smithfield Trust Co now owns 251 shares of the technology company’s stock valued at $44,000 after buying an additional 86 shares during the period. 94.39% of the stock is currently owned by institutional investors.
BWX Technologies Price Performance
BWXT stock opened at $169.99 on Wednesday. BWX Technologies, Inc. has a one year low of $157.10 and a one year high of $241.82. The firm has a 50-day moving average of $184.32 and a two-hundred day moving average of $199.75. The firm has a market capitalization of $15.57 billion, a PE ratio of 44.04, a P/E/G ratio of 2.64 and a beta of 0.76. The company has a current ratio of 2.40, a quick ratio of 2.33 and a debt-to-equity ratio of 1.51.
BWX Technologies Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Tuesday, August 18th will be issued a dividend of $0.27 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.6%. BWX Technologies’s payout ratio is currently 27.98%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on BWXT shares. Weiss Ratings downgraded shares of BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft upgraded BWX Technologies from a “hold” rating to a “buy” rating and lifted their target price for the company from $205.00 to $255.00 in a research note on Friday, May 15th. JPMorgan Chase & Co. started coverage on shares of BWX Technologies in a research report on Monday, July 27th. They issued an “overweight” rating and a $230.00 price objective on the stock. Zacks Research lowered shares of BWX Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Wall Street Zen lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $228.20.
Read Our Latest Stock Analysis on BWX Technologies
BWX Technologies 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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