Forum Financial Management LP Takes Position in BWX Technologies, Inc. $BWXT

Forum Financial Management LP bought a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,683 shares of the technology company’s stock, valued at approximately $242,000.

Other hedge funds also recently added to or reduced their stakes in the company. ARK Investment Management LLC lifted its stake in BWX Technologies by 426.5% in the second quarter. ARK Investment Management LLC now owns 641,049 shares of the technology company’s stock worth $92,350,000 after acquiring an additional 519,285 shares during the period. Vontobel Holding Ltd. purchased a new stake in BWX Technologies in the first quarter worth about $383,000. Clear Creek Financial Management LLC purchased a new stake in BWX Technologies in the first quarter worth about $223,000. Sequoia Financial Advisors LLC lifted its stake in BWX Technologies by 7.1% in the second quarter. Sequoia Financial Advisors LLC now owns 46,409 shares of the technology company’s stock worth $6,686,000 after acquiring an additional 3,087 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in BWX Technologies by 52.6% in the first quarter. PNC Financial Services Group Inc. now owns 11,460 shares of the technology company’s stock worth $1,131,000 after acquiring an additional 3,950 shares during the period. 94.39% of the stock is owned by hedge funds and other institutional investors.

BWX Technologies Stock Performance

BWXT opened at $204.23 on Tuesday. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $214.72. The company has a quick ratio of 1.60, a current ratio of 1.69 and a debt-to-equity ratio of 1.28. The company has a market cap of $18.67 billion, a P/E ratio of 63.82, a price-to-earnings-growth ratio of 4.04 and a beta of 0.78. The firm’s 50-day moving average price is $179.96 and its 200-day moving average price is $148.95.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, August 4th. The technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.23. The firm had revenue of $764.00 million for the quarter, compared to analyst estimates of $708.00 million. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.BWX Technologies’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. As a group, equities analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal 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 given a $0.25 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. BWX Technologies’s dividend payout ratio is currently 31.25%.

Insider Transactions at BWX Technologies

In other BWX Technologies news, SVP Omar Fathi Meguid sold 2,261 shares of BWX Technologies stock in a transaction dated Wednesday, August 6th. The stock was 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 owned 2,361 shares in the company, valued at approximately $424,602.24. This trade represents a 48.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Rex D. Geveden sold 25,000 shares of BWX Technologies stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $179.00, for a total value of $4,475,000.00. Following the transaction, the chief executive officer owned 197,594 shares of the company’s stock, valued at $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 ninety days. Corporate insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BWXT shares. Maxim Group reaffirmed a “hold” rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Northland Securities began coverage on shares of BWX Technologies in a report on Wednesday, September 10th. They issued an “outperform” rating and a $205.00 target price for the company. Wall Street Zen downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Truist Financial boosted their target price on shares of BWX Technologies from $145.00 to $173.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of BWX Technologies and gave the stock a “hold” rating in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $168.08.

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.