Pictet Asset Management Holding SA lifted its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT – Free Report) by 20.3% during the first quarter, HoldingsChannel reports. The firm owned 24,594 shares of the technology company’s stock after acquiring an additional 4,152 shares during the quarter. Pictet Asset Management Holding SA’s holdings in BWX Technologies were worth $5,029,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the business. Aventura Private Wealth LLC acquired a new position in shares of BWX Technologies in the 4th quarter valued at approximately $29,000. WFA of San Diego LLC acquired a new stake in BWX Technologies during the 2nd quarter worth approximately $29,000. Strategic Advocates LLC acquired a new stake in BWX Technologies during the 3rd quarter worth approximately $32,000. MV Capital Management Inc. bought a new position in BWX Technologies in the fourth quarter valued at approximately $32,000. Finally, Tucker Asset Management LLC bought a new position in BWX Technologies in the fourth quarter valued at approximately $36,000. Institutional investors own 94.39% of the company’s stock.
Insider Transactions at BWX Technologies
In related news, CEO Rex D. Geveden sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $204.81, for a total transaction of $2,048,100.00. Following the completion of the transaction, the chief executive officer directly owned 202,491 shares of the company’s stock, valued at approximately $41,472,181.71. This represents a 4.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael Thomas Fitzgerald sold 2,417 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $209.25, for a total value of $505,757.25. Following the transaction, the chief financial officer directly owned 6,884 shares in the company, valued at $1,440,477. This trade represents a 25.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is currently owned by insiders.
BWX Technologies Stock Performance
BWX Technologies (NYSE:BWXT – Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The technology company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.20. BWX Technologies had a net margin of 10.20% and a return on equity of 31.33%. The firm had revenue of $860.22 million for the quarter, compared to analyst estimates of $837.47 million. During the same period in the previous year, the business earned $0.91 EPS. The company’s revenue was up 26.1% compared to the same quarter last year. BWX Technologies has set its FY 2026 guidance at 4.600-4.750 EPS. Research analysts forecast that BWX Technologies, Inc. will post 4.6 EPS for the current fiscal year.
BWX Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Tuesday, May 19th were issued a $0.27 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $1.08 annualized dividend and a dividend yield of 0.6%. BWX Technologies’s dividend payout ratio (DPR) is presently 28.88%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on BWXT shares. Wall Street Zen raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. TD Securities started coverage on shares of BWX Technologies in a research report on Thursday, March 12th. They issued a “buy” rating and a $230.00 price objective on the stock. Truist Financial upped their target price on shares of BWX Technologies from $205.00 to $212.00 and gave the stock a “hold” rating in a research note on Monday, May 11th. Seaport Research Partners upgraded BWX Technologies from a “neutral” rating to a “buy” rating and set a $245.00 target price for the company in a report on Monday, June 22nd. Finally, Zacks Research downgraded BWX Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $228.00.
Get Our Latest Analysis on BWX Technologies
BWX Technologies Company Profile
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.
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