Sumitomo Mitsui Trust Group Inc. Decreases Stake in BWX Technologies, Inc. $BWXT

Sumitomo Mitsui Trust Group Inc. lowered its position in BWX Technologies, Inc. (NYSE:BWXT) by 11.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 286,080 shares of the technology company’s stock after selling 37,246 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.31% of BWX Technologies worth $41,213,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in BWXT. Valeo Financial Advisors LLC lifted its stake in BWX Technologies by 33,572.0% in the second quarter. Valeo Financial Advisors LLC now owns 1,517,599 shares of the technology company’s stock worth $2,228,000 after acquiring an additional 1,513,092 shares during the last quarter. William Blair Investment Management LLC lifted its stake in BWX Technologies by 523.2% in the second quarter. William Blair Investment Management LLC now owns 1,517,356 shares of the technology company’s stock worth $218,590,000 after acquiring an additional 1,273,895 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in BWX Technologies by 19.7% in the first quarter. T. Rowe Price Investment Management Inc. now owns 4,503,679 shares of the technology company’s stock worth $444,288,000 after acquiring an additional 741,282 shares during the last quarter. Westwood Holdings Group Inc. lifted its stake in BWX Technologies by 279.0% in the first quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company’s stock worth $94,562,000 after acquiring an additional 705,648 shares during the last quarter. Finally, 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 last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Stock Performance

Shares of BWX Technologies stock opened at $204.23 on Tuesday. The firm’s fifty day simple moving average is $179.96 and its 200-day simple moving average is $148.95. The stock has a market capitalization of $18.67 billion, a price-to-earnings ratio of 63.82, a PEG ratio of 4.04 and a beta of 0.78. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $214.72. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60.

BWX Technologies (NYSE:BWXT) last announced 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 business 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%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 EPS. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. As a group, equities analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The firm 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, August 18th. BWX Technologies’s payout ratio is presently 31.25%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of BWX Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Weiss Ratings downgraded shares of BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Northland Capmk upgraded shares of BWX Technologies to a “strong-buy” rating in a research report on Tuesday, September 9th. Finally, Maxim Group restated a “hold” rating on shares of BWX Technologies in a research report on Wednesday, August 6th. Three 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 given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $168.08.

Insider Buying and Selling at BWX Technologies

In other news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of BWX Technologies stock in a transaction on Monday, August 11th. The shares were sold at an average price of $177.43, for a total value of $371,183.56. Following the transaction, the senior vice president directly owned 10,149 shares of the company’s stock, valued at $1,800,737.07. The trade was a 17.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 directly owned 197,594 shares in the company, valued at $35,369,326. This represents a 11.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,953 shares of company stock valued at $5,359,758. 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.