AGF Management Ltd. Buys 31,980 Shares of BWX Technologies, Inc. $BWXT

AGF Management Ltd. increased its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 82.9% in the third quarter, Holdings Channel.com reports. The fund owned 70,544 shares of the technology company’s stock after purchasing an additional 31,980 shares during the period. AGF Management Ltd.’s holdings in BWX Technologies were worth $13,006,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of BWXT. Corient Private Wealth LLC boosted its holdings in shares of BWX Technologies by 1.2% during the 2nd quarter. Corient Private Wealth LLC now owns 5,880 shares of the technology company’s stock valued at $847,000 after purchasing an additional 69 shares during the last quarter. HHM Wealth Advisors LLC lifted its position in shares of BWX Technologies by 17.9% in the second quarter. HHM Wealth Advisors LLC now owns 460 shares of the technology company’s stock worth $66,000 after buying an additional 70 shares in the last quarter. JT Stratford LLC lifted its position in shares of BWX Technologies by 2.5% in the second quarter. JT Stratford LLC now owns 2,927 shares of the technology company’s stock worth $422,000 after buying an additional 72 shares in the last quarter. Intrua Financial LLC boosted its stake in BWX Technologies by 3.6% during the third quarter. Intrua Financial LLC now owns 2,531 shares of the technology company’s stock valued at $467,000 after buying an additional 89 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in BWX Technologies by 23.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 483 shares of the technology company’s stock valued at $89,000 after buying an additional 93 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. BNP Paribas Exane raised BWX Technologies to a “hold” rating in a report on Thursday, January 15th. BTIG Research boosted their price target on shares of BWX Technologies from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. CJS Securities upgraded shares of BWX Technologies to a “strong-buy” rating in a research report on Friday, December 12th. Bank of America lifted their price objective on shares of BWX Technologies from $220.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Finally, Zacks Research upgraded shares of BWX Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, BWX Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $199.20.

Insider Transactions at BWX Technologies

In other BWX Technologies news, CEO Rex D. Geveden sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $197.90, for a total transaction of $1,979,000.00. Following the completion of the transaction, the chief executive officer owned 187,594 shares in the company, valued at $37,124,852.60. The trade was a 5.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.47% of the stock is currently owned by insiders.

BWX Technologies Trading Up 0.3%

Shares of BWXT opened at $206.07 on Tuesday. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $220.57. The company has a market cap of $18.84 billion, a P/E ratio of 61.88, a P/E/G ratio of 3.30 and a beta of 0.83. The company has a current ratio of 1.71, a quick ratio of 1.62 and a debt-to-equity ratio of 1.21. The company’s fifty day simple moving average is $188.84 and its 200-day simple moving average is $181.90.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, November 3rd. The technology company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.15. The firm had revenue of $866.29 million during the quarter, compared to analysts’ expectations of $795.48 million. BWX Technologies had a net margin of 10.04% and a return on equity of 30.70%. The firm’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.83 EPS. As a group, analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current year.

About BWX Technologies

BWX Technologies, Inc (NYSE: BWXT) is a specialized supplier of nuclear components and services, primarily serving the U.S. government and commercial markets. The company’s core expertise lies in the design, fabrication and servicing of nuclear propulsion systems for the U.S. Navy, where it supports the maintenance and overhaul of naval nuclear reactors. In addition to defense applications, BWXT develops small modular reactors (SMRs), nuclear fuel and related technologies for non‐defense power generation, offering scalable solutions to meet evolving energy and industrial demands.

Beyond propulsion and power systems, BWXT is a leading producer of medical radioisotopes used in diagnostic imaging and cancer treatment.