GoalVest Advisory LLC Invests $373,000 in BWX Technologies, Inc. $BWXT

GoalVest Advisory LLC purchased a new position in shares of BWX Technologies, Inc. (NYSE:BWXT) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 2,590 shares of the technology company’s stock, valued at approximately $373,000.

Other hedge funds have also recently added to or reduced their stakes in the company. ARK Investment Management LLC boosted its stake in BWX Technologies by 426.5% during the 2nd quarter. ARK Investment Management LLC now owns 641,049 shares of the technology company’s stock valued at $92,350,000 after purchasing an additional 519,285 shares during the period. Vontobel Holding Ltd. bought a new stake in BWX Technologies during the 1st quarter valued at approximately $383,000. Clear Creek Financial Management LLC bought a new stake in BWX Technologies during the 1st quarter valued at approximately $223,000. Sequoia Financial Advisors LLC boosted its stake in BWX Technologies by 7.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 46,409 shares of the technology company’s stock valued at $6,686,000 after purchasing an additional 3,087 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in BWX Technologies by 52.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,460 shares of the technology company’s stock valued at $1,131,000 after purchasing an additional 3,950 shares during the period. Institutional investors own 94.39% of the company’s stock.

Insider Buying and Selling

In other news, SVP Omar Fathi Meguid sold 2,261 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $179.84, for a total value of $406,618.24. Following the completion of the transaction, the senior vice president directly owned 2,361 shares of the company’s stock, valued at approximately $424,602.24. This represents a 48.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Rex D. Geveden sold 25,000 shares of the stock in a transaction that occurred 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 approximately $35,369,326. The trade was a 11.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,953 shares of company stock valued at $5,359,758. 0.47% of the stock is currently owned by corporate insiders.

BWX Technologies Price Performance

Shares of BWXT stock opened at $203.08 on Monday. The stock has a 50 day moving average of $179.30 and a two-hundred day moving average of $148.25. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $214.72. The company has a market capitalization of $18.56 billion, a P/E ratio of 63.46, a P/E/G ratio of 4.04 and a beta of 0.78.

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

BWX Technologies Announces Dividend

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

Analysts Set New Price Targets

BWXT has been the subject of several recent analyst reports. Wall Street Zen downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Truist Financial increased their target price on BWX Technologies from $145.00 to $173.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Northland Capmk upgraded BWX Technologies to a “strong-buy” rating in a research note on Tuesday, September 9th. Northland Securities started coverage on BWX Technologies in a research report on Wednesday, September 10th. They issued an “outperform” rating and a $205.00 price objective for the company. Finally, Wedbush reiterated an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, October 1st. Three investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, BWX Technologies presently has an average rating of “Moderate Buy” and an average target price of $168.08.

BWX Technologies Company 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.