Oakworth Capital Inc. Grows Stock Position in BWX Technologies, Inc. $BWXT

Oakworth Capital Inc. increased its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 10.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,105 shares of the technology company’s stock after purchasing an additional 100 shares during the quarter. Oakworth Capital Inc.’s holdings in BWX Technologies were worth $159,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Stone House Investment Management LLC purchased a new position in BWX Technologies during the 1st quarter worth $31,000. Compass Financial Services Inc acquired a new position in shares of BWX Technologies during the first quarter worth about $33,000. MassMutual Private Wealth & Trust FSB raised its holdings in BWX Technologies by 200.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company’s stock worth $35,000 after purchasing an additional 236 shares in the last quarter. HHM Wealth Advisors LLC lifted its position in BWX Technologies by 34.5% in the first quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company’s stock valued at $38,000 after purchasing an additional 100 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in BWX Technologies by 109.6% in the first quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company’s stock valued at $46,000 after purchasing an additional 240 shares during the period. 94.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Rex D. Geveden sold 25,000 shares of the business’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $179.00, for a total value of $4,475,000.00. Following the completion of the transaction, the chief executive officer directly owned 197,594 shares of the company’s stock, valued at $35,369,326. The trade was a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Omar Fathi Meguid sold 2,261 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $179.84, for a total value of $406,618.24. Following the sale, the senior vice president directly owned 2,361 shares in the company, valued at approximately $424,602.24. The trade was a 48.92% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,953 shares of company stock valued at $5,359,758. 0.47% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Northland Capmk upgraded BWX Technologies to a “strong-buy” rating in a research report on Tuesday, September 9th. Bank of America lifted their price target on BWX Technologies from $155.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Wall Street Zen cut BWX Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $150.00 target price (up previously from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. Finally, Northland Securities began coverage on shares of BWX Technologies in a research report on Wednesday, September 10th. They set an “outperform” rating and a $205.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $160.83.

BWX Technologies Stock Up 2.5%

BWX Technologies stock opened at $180.69 on Monday. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $189.25. The firm has a market capitalization of $16.52 billion, a price-to-earnings ratio of 56.47, a price-to-earnings-growth ratio of 4.09 and a beta of 0.75. The stock’s fifty day moving average is $165.51 and its two-hundred day moving average is $134.70. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings data on Monday, August 4th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.79 by $0.23. The business had revenue of $764.00 million for the quarter, compared to analyst estimates of $708.00 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 EPS. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Monday, August 18th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, August 18th. BWX Technologies’s dividend payout ratio (DPR) is 31.25%.

BWX Technologies Profile

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.