Tribune Investment Group LP raised its position in shares of BWX Technologies, Inc. (NYSE:BWXT – Free Report) by 60.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,000 shares of the technology company’s stock after purchasing an additional 6,000 shares during the period. BWX Technologies accounts for about 1.3% of Tribune Investment Group LP’s investment portfolio, making the stock its 27th largest position. Tribune Investment Group LP’s holdings in BWX Technologies were worth $3,114,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the company. Cannell & Spears LLC increased its holdings in BWX Technologies by 4.0% in the first quarter. Cannell & Spears LLC now owns 1,312 shares of the technology company’s stock worth $251,000 after buying an additional 50 shares during the last quarter. Wedbush Securities Inc. grew its position in BWX Technologies by 4.3% in the fourth quarter. Wedbush Securities Inc. now owns 1,263 shares of the technology company’s stock worth $218,000 after acquiring an additional 52 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in BWX Technologies by 1.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 5,448 shares of the technology company’s stock worth $942,000 after acquiring an additional 54 shares in the last quarter. Guggenheim Capital LLC increased its stake in shares of BWX Technologies by 2.2% during the 4th quarter. Guggenheim Capital LLC now owns 2,598 shares of the technology company’s stock worth $449,000 after purchasing an additional 55 shares during the last quarter. Finally, Private Advisor Group LLC increased its stake in shares of BWX Technologies by 2.4% during the 1st quarter. Private Advisor Group LLC now owns 2,847 shares of the technology company’s stock worth $582,000 after purchasing an additional 67 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.
BWX Technologies Trading Up 0.1%
Shares of NYSE:BWXT opened at $156.95 on Monday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.33 and a current ratio of 2.40. The stock’s 50-day moving average is $180.70 and its 200-day moving average is $197.34. The company has a market cap of $14.38 billion, a P/E ratio of 40.66, a P/E/G ratio of 2.45 and a beta of 0.76. BWX Technologies, Inc. has a 52-week low of $154.59 and a 52-week high of $241.82.
BWX Technologies Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Tuesday, August 18th will be given a $0.27 dividend. 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 is currently 27.98%.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on BWXT shares. Deutsche Bank Aktiengesellschaft upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating and upped their price objective for the stock from $205.00 to $255.00 in a report on Friday, May 15th. Zacks Research lowered BWX Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Weiss Ratings raised BWX Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 12th. BTIG Research restated a “buy” rating and issued a $235.00 target price on shares of BWX Technologies in a report on Tuesday, August 4th. Finally, Truist Financial decreased their target price on BWX Technologies from $212.00 to $202.00 and set a “hold” rating for the company in a research report on Friday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, BWX Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $227.20.
View Our Latest Research Report on BWXT
Insider Activity
In other news, CEO Rex D. Geveden sold 10,000 shares of the firm’s stock in a transaction 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 owned 192,491 shares in the company, valued at approximately $33,204,697.50. This trade represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.
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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