Concurrent Investment Advisors LLC Has $998,000 Holdings in BWX Technologies, Inc. $BWXT

Concurrent Investment Advisors LLC increased its stake in BWX Technologies, Inc. (NYSE:BWXT) by 8.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,925 shares of the technology company’s stock after purchasing an additional 544 shares during the period. Concurrent Investment Advisors LLC’s holdings in BWX Technologies were worth $998,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stone House Investment Management LLC acquired a new position in BWX Technologies in the 1st quarter worth $31,000. Compass Financial Services Inc acquired a new position in BWX Technologies in the 1st quarter worth $33,000. HHM Wealth Advisors LLC boosted its stake in BWX Technologies by 34.5% in the 1st quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company’s stock worth $38,000 after purchasing an additional 100 shares during the period. Farther Finance Advisors LLC lifted its position in BWX Technologies by 109.6% during the 1st quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company’s stock worth $46,000 after buying an additional 240 shares in the last quarter. Finally, National Bank of Canada FI lifted its position in BWX Technologies by 369.7% during the 1st quarter. National Bank of Canada FI now owns 559 shares of the technology company’s stock worth $55,000 after buying an additional 440 shares in the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BWXT has been the topic of several analyst reports. Weiss Ratings cut shares of BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Maxim Group reissued a “hold” rating on shares of BWX Technologies in a research report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft set a $180.00 price target on shares of BWX Technologies and gave the stock a “hold” rating in a research report on Wednesday, October 8th. Wedbush reissued an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, October 1st. Finally, William Blair reissued an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, September 17th. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, BWX Technologies presently has an average rating of “Moderate Buy” and an average target price of $168.08.

BWX Technologies Stock Up 0.7%

Shares of BWXT stock opened at $203.94 on Thursday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69. The firm’s 50-day moving average is $175.74 and its 200-day moving average is $142.39. The stock has a market cap of $18.64 billion, a price-to-earnings ratio of 63.73, a PEG ratio of 4.03 and a beta of 0.78. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $214.00.

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

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, August 18th. BWX Technologies’s dividend payout ratio is currently 31.25%.

Insider Activity at BWX Technologies

In other BWX Technologies news, Director Leland D. Melvin sold 600 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $178.26, for a total value of $106,956.00. Following the transaction, the director directly owned 5,579 shares of the company’s stock, valued at $994,512.54. This represents a 9.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Omar Fathi Meguid sold 2,261 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $179.84, for a total transaction of $406,618.24. Following the completion of the transaction, the senior vice president directly owned 2,361 shares in the company, valued at approximately $424,602.24. This represents a 48.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,953 shares of company stock valued at $5,359,758 in the last 90 days. Insiders own 0.47% of the company’s stock.

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.