Venturi Wealth Management LLC Reduces Position in BWX Technologies, Inc. $BWXT

Venturi Wealth Management LLC cut its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 5.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,878 shares of the technology company’s stock after selling 334 shares during the quarter. Venturi Wealth Management LLC’s holdings in BWX Technologies were worth $847,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in BWXT. Stone House Investment Management LLC purchased a new position in shares of BWX Technologies during the first quarter worth $31,000. Compass Financial Services Inc purchased a new stake in shares of BWX Technologies during the first quarter worth about $33,000. HHM Wealth Advisors LLC increased its stake in shares of BWX Technologies by 34.5% during the first quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company’s stock worth $38,000 after purchasing an additional 100 shares in the last quarter. Farther Finance Advisors LLC grew its stake in BWX Technologies by 109.6% during the 1st quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company’s stock valued at $46,000 after acquiring an additional 240 shares in the last quarter. Finally, National Bank of Canada FI grew its stake in BWX Technologies by 369.7% during the 1st quarter. National Bank of Canada FI now owns 559 shares of the technology company’s stock valued at $55,000 after acquiring an additional 440 shares in the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

BWX Technologies Trading Up 2.9%

Shares of BWX Technologies stock opened at $196.88 on Thursday. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $197.52. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69. The company has a market capitalization of $17.99 billion, a P/E ratio of 61.53, a PEG ratio of 4.33 and a beta of 0.78. The company’s fifty day moving average is $172.28 and its two-hundred day moving average is $139.10.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.23. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The company had revenue of $764.00 million for the quarter, compared to the consensus estimate of $708.00 million. During the same period last year, the firm posted $0.82 EPS. BWX Technologies’s revenue for the quarter was up 12.1% on a year-over-year basis. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Monday, August 18th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, August 18th. BWX Technologies’s dividend payout ratio (DPR) is 31.25%.

Insider Activity

In related news, SVP Omar Fathi Meguid sold 2,261 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $179.84, for a total value of $406,618.24. Following the completion of the sale, the senior vice president owned 2,361 shares in the company, valued at $424,602.24. This trade represents a 48.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the firm’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $177.43, for a total transaction of $371,183.56. Following the completion of the sale, the senior vice president owned 10,149 shares of the company’s stock, valued at $1,800,737.07. This trade represents a 17.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,953 shares of company stock worth $5,359,758 over the last quarter. Insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Wall Street Zen lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Wedbush restated an “outperform” rating on shares of BWX Technologies in a report on Wednesday, October 1st. William Blair restated an “outperform” rating on shares of BWX Technologies in a report on Wednesday, September 17th. Bank of America increased their target price on shares of BWX Technologies from $155.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Finally, Northland Capmk upgraded shares of BWX Technologies to a “strong-buy” rating in a report on Tuesday, September 9th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, BWX Technologies presently has an average rating of “Moderate Buy” and an average price target of $164.58.

BWX Technologies Company 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.