Yousif Capital Management LLC Sells 534 Shares of BWX Technologies, Inc. $BWXT

Yousif Capital Management LLC lessened its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 1.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,986 shares of the technology company’s stock after selling 534 shares during the quarter. Yousif Capital Management LLC’s holdings in BWX Technologies were worth $3,888,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC bought a new stake in shares of BWX Technologies during the second quarter worth $38,547,000. CWM LLC grew its stake in shares of BWX Technologies by 6.4% during the second quarter. CWM LLC now owns 2,703 shares of the technology company’s stock worth $389,000 after buying an additional 163 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of BWX Technologies by 12.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,909 shares of the technology company’s stock worth $1,283,000 after buying an additional 978 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of BWX Technologies by 8.5% during the second quarter. Concurrent Investment Advisors LLC now owns 6,925 shares of the technology company’s stock worth $998,000 after buying an additional 544 shares during the last quarter. Finally, Inspire Investing LLC grew its stake in shares of BWX Technologies by 17.4% during the second quarter. Inspire Investing LLC now owns 25,704 shares of the technology company’s stock worth $3,703,000 after buying an additional 3,804 shares during the last quarter. Institutional investors own 94.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BWXT. Northland Securities began coverage on shares of BWX Technologies in a research note on Wednesday, September 10th. They set an “outperform” rating and a $205.00 target price on the stock. Bank of America lifted their price target on shares of BWX Technologies from $155.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Zacks Research upgraded shares of BWX Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Maxim Group reiterated a “hold” rating on shares of BWX Technologies in a report on Wednesday, August 6th. Finally, Wedbush reiterated an “outperform” rating on shares of BWX Technologies in a report on Wednesday, October 1st. Three equities research 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, BWX Technologies has a consensus rating of “Moderate Buy” and an average price target of $168.08.

BWX Technologies Price Performance

Shares of NYSE:BWXT opened at $203.94 on Thursday. The firm has a market cap of $18.64 billion, a PE ratio of 63.73, a price-to-earnings-growth ratio of 4.03 and a beta of 0.78. 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, Inc. has a 52 week low of $84.21 and a 52 week high of $214.00. The firm’s fifty day moving average is $175.74 and its 200-day moving average is $142.39.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating 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%. BWX Technologies’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.82 earnings per share. 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 earnings per share for the current year.

BWX Technologies Dividend Announcement

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

Insider Activity

In related news, SVP Omar Fathi Meguid sold 2,261 shares of the business’s 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 transaction, the senior vice president owned 2,361 shares in the company, valued at $424,602.24. The trade was a 48.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rex D. Geveden sold 25,000 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $179.00, for a total transaction of $4,475,000.00. Following the completion of the transaction, the chief executive officer owned 197,594 shares in the company, valued at approximately $35,369,326. The trade was a 11.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,953 shares of company stock worth $5,359,758 in the last three months. Corporate insiders own 0.47% of the company’s stock.

About BWX Technologies

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.