Denali Advisors LLC Lowers Stock Holdings in BWX Technologies, Inc. $BWXT

Denali Advisors LLC decreased its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 2.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,415 shares of the technology company’s stock after selling 262 shares during the quarter. Denali Advisors LLC’s holdings in BWX Technologies were worth $1,789,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BWXT. Farther Finance Advisors LLC lifted its stake in shares of 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 buying an additional 240 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of BWX Technologies by 343.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 33,063 shares of the technology company’s stock valued at $3,262,000 after buying an additional 25,615 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of BWX Technologies by 91.5% during the 1st quarter. Blue Trust Inc. now owns 1,042 shares of the technology company’s stock valued at $103,000 after buying an additional 498 shares in the last quarter. Chevy Chase Trust Holdings LLC purchased a new position in shares of BWX Technologies during the 1st quarter valued at $9,093,000. Finally, Harbour Capital Advisors LLC lifted its stake in shares of BWX Technologies by 63.1% during the 1st quarter. Harbour Capital Advisors LLC now owns 3,710 shares of the technology company’s stock valued at $354,000 after buying an additional 1,435 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Analysts Set New Price Targets

BWXT has been the topic of a number of analyst reports. Wall Street Zen cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Northland Capmk upgraded shares of BWX Technologies to a “strong-buy” rating in a research note on Tuesday, September 9th. Weiss Ratings cut shares of BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft set a $180.00 price target on shares of BWX Technologies and gave the stock a “hold” rating in a research note on Wednesday, October 8th. Finally, Bank of America boosted their price target on shares of BWX Technologies from $155.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Three investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $168.08.

BWX Technologies Stock Down 1.2%

Shares of NYSE BWXT opened at $205.24 on Wednesday. The firm’s 50-day moving average price is $177.92 and its 200-day moving average price is $145.74. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $18.76 billion, a price-to-earnings ratio of 64.14, a P/E/G ratio of 4.13 and a beta of 0.78. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $214.72.

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

BWX Technologies Announces Dividend

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

Insider Activity at BWX Technologies

In other BWX Technologies news, Director Leland D. Melvin sold 600 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $178.26, for a total value of $106,956.00. Following the transaction, the director directly owned 5,579 shares in the company, valued at $994,512.54. This represents a 9.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Omar Fathi Meguid sold 2,261 shares of the company’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $179.84, for a total transaction of $406,618.24. Following the completion of the transaction, the senior vice president owned 2,361 shares in the company, valued at $424,602.24. This represents a 48.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,953 shares of company stock valued at $5,359,758 over the last 90 days. 0.47% of the stock is currently owned by insiders.

BWX Technologies 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.