Diversify Advisory Services LLC bought a new stake in BWX Technologies, Inc. (NYSE:BWXT – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,483 shares of the technology company’s stock, valued at approximately $968,000.
Other institutional investors also recently modified their holdings of the company. Wealthfront Advisers LLC bought a new position in BWX Technologies during the 2nd quarter worth approximately $246,000. M.D. Sass LLC acquired a new stake in BWX Technologies in the second quarter worth $2,619,000. Meeder Asset Management Inc. bought a new position in shares of BWX Technologies during the second quarter worth $142,000. Tiemann Investment Advisors LLC bought a new position in shares of BWX Technologies during the second quarter worth $309,000. Finally, BlackRock Inc. acquired a new position in shares of BWX Technologies in the 2nd quarter valued at $2,359,895,000. 94.39% of the stock is currently owned by institutional investors and hedge funds.
BWX Technologies Stock Performance
BWXT opened at $162.31 on Thursday. The company has a market capitalization of $14.87 billion, a price-to-earnings ratio of 42.05, a P/E/G ratio of 2.58 and a beta of 0.76. The business’s 50-day moving average price is $182.20 and its two-hundred day moving average price is $198.03. BWX Technologies, Inc. has a 1 year low of $157.10 and a 1 year high of $241.82. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.40 and a quick ratio of 2.33.
BWX Technologies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Tuesday, August 18th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 18th. BWX Technologies’s dividend payout ratio (DPR) is currently 27.98%.
Insider Activity
In other news, CEO Rex D. Geveden sold 10,000 shares of BWX Technologies stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $172.50, for a total value of $1,725,000.00. Following the sale, the chief executive officer directly owned 192,491 shares in the company, valued at $33,204,697.50. This trade represents a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several brokerages recently commented on BWXT. Weiss Ratings raised BWX Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. assumed coverage on BWX Technologies in a research report on Monday, July 27th. They set an “overweight” rating and a $230.00 price target on the stock. Zacks Research cut BWX Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Seaport Research Partners upgraded BWX Technologies from a “neutral” rating to a “buy” rating and set a $245.00 price objective for the company in a research report on Monday, June 22nd. Finally, Wall Street Zen cut BWX Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $227.20.
Read Our Latest Research Report on BWXT
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.
Read More
- Five stocks we like better than BWX Technologies
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
Want to see what other hedge funds are holding BWXT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BWX Technologies, Inc. (NYSE:BWXT – Free Report).
Receive News & Ratings for BWX Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BWX Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
