Darden Wealth Group Inc Acquires New Position in BWX Technologies, Inc. $BWXT

Darden Wealth Group Inc bought a new position in BWX Technologies, Inc. (NYSE:BWXT) during the second quarter, Holdings Channel reports. The institutional investor bought 1,510 shares of the technology company’s stock, valued at approximately $218,000.

Other institutional investors also recently made changes to their positions in the company. AlTi Global Inc. raised its position in shares of BWX Technologies by 74.6% during the 2nd quarter. AlTi Global Inc. now owns 5,783 shares of the technology company’s stock worth $796,000 after purchasing an additional 2,471 shares during the period. Forum Financial Management LP acquired a new stake in BWX Technologies in the second quarter worth $242,000. ARK Investment Management LLC lifted its stake in BWX Technologies by 426.5% in the second quarter. ARK Investment Management LLC now owns 641,049 shares of the technology company’s stock valued at $92,350,000 after buying an additional 519,285 shares during the last quarter. Stephens Investment Management Group LLC boosted its holdings in shares of BWX Technologies by 12.2% during the second quarter. Stephens Investment Management Group LLC now owns 587,373 shares of the technology company’s stock valued at $84,617,000 after acquiring an additional 63,651 shares during the period. Finally, Sanders Morris Harris LLC bought a new position in shares of BWX Technologies during the second quarter worth about $209,000. 94.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BWXT has been the subject of a number of analyst reports. Wall Street Zen lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Northland Capmk upgraded BWX Technologies to a “strong-buy” rating in a research report on Tuesday, September 9th. Zacks Research upgraded BWX Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Wedbush reiterated an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, October 1st. Finally, William Blair reissued an “outperform” rating on shares of BWX Technologies in a report on Wednesday, September 17th. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $168.08.

BWX Technologies Stock Performance

Shares of NYSE BWXT opened at $203.08 on Friday. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $214.72. The firm has a market cap of $18.56 billion, a P/E ratio of 63.46, a PEG ratio of 4.04 and a beta of 0.78. The stock has a fifty day moving average price of $179.30 and a two-hundred day moving average price of $147.95. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69.

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

BWX Technologies Dividend Announcement

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

Insider Transactions at BWX Technologies

In other BWX Technologies news, Director Leland D. Melvin sold 600 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $178.26, for a total transaction of $106,956.00. Following the transaction, the director owned 5,579 shares in the company, valued at $994,512.54. This trade represents a 9.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $177.43, for a total value of $371,183.56. Following the sale, the senior vice president owned 10,149 shares of the company’s stock, valued at approximately $1,800,737.07. The trade was a 17.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,953 shares of company stock worth $5,359,758 in the last ninety days. Company insiders own 0.47% of the company’s stock.

About BWX Technologies

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.