Pinnacle Associates Ltd. trimmed its position in BWX Technologies, Inc. (NYSE:BWXT – Free Report) by 3.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 70,032 shares of the technology company’s stock after selling 2,377 shares during the period. Pinnacle Associates Ltd.’s holdings in BWX Technologies were worth $12,104,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of BWXT. Invesco Ltd. boosted its position in BWX Technologies by 60.1% in the third quarter. Invesco Ltd. now owns 2,549,150 shares of the technology company’s stock worth $469,987,000 after purchasing an additional 956,770 shares during the last quarter. Alkeon Capital Management LLC raised its stake in shares of BWX Technologies by 163.0% during the 3rd quarter. Alkeon Capital Management LLC now owns 1,578,048 shares of the technology company’s stock worth $290,945,000 after purchasing an additional 978,000 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of BWX Technologies by 18.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,375,740 shares of the technology company’s stock worth $237,783,000 after buying an additional 216,707 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of BWX Technologies by 31.3% in the 3rd quarter. First Trust Advisors LP now owns 1,254,779 shares of the technology company’s stock worth $231,343,000 after buying an additional 299,375 shares during the last quarter. Finally, Blair William & Co. IL grew its position in BWX Technologies by 18.7% during the third quarter. Blair William & Co. IL now owns 1,191,068 shares of the technology company’s stock valued at $219,597,000 after buying an additional 187,461 shares during the period. 94.39% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, CFO Michael Thomas Fitzgerald sold 2,417 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $209.25, for a total transaction of $505,757.25. Following the sale, the chief financial officer owned 6,884 shares of the company’s stock, valued at approximately $1,440,477. This represents a 25.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gerhard F. Burbach sold 1,983 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $208.61, for a total value of $413,673.63. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 15,744 shares of company stock valued at $3,256,101. 0.60% of the stock is owned by company insiders.
BWX Technologies Stock Performance
BWX Technologies (NYSE:BWXT – Get Free Report) last released its quarterly earnings data on Monday, May 4th. The technology company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.92 by $0.20. BWX Technologies had a net margin of 10.20% and a return on equity of 31.33%. The company had revenue of $860.22 million during the quarter, compared to the consensus estimate of $837.47 million. During the same period last year, the firm earned $0.91 EPS. BWX Technologies’s revenue for the quarter was up 26.1% on a year-over-year basis. BWX Technologies has set its FY 2026 guidance at 4.600-4.750 EPS. Sell-side analysts predict that BWX Technologies, Inc. will post 4.71 earnings per share for the current year.
BWX Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Tuesday, May 19th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Tuesday, May 19th. BWX Technologies’s payout ratio is presently 28.88%.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on BWXT shares. Wells Fargo & Company started coverage on shares of BWX Technologies in a report on Wednesday, April 1st. They set an “underweight” rating and a $200.00 price objective for the company. BNP Paribas Exane started coverage on shares of BWX Technologies in a research report on Thursday, January 15th. They set a “neutral” rating and a $215.00 target price for the company. Bank of America raised their price target on shares of BWX Technologies from $230.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, March 25th. BTIG Research lifted their price target on shares of BWX Technologies from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Finally, TD Cowen began coverage on BWX Technologies in a report on Thursday, March 12th. They set a “buy” rating and a $230.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $217.96.
Check Out Our Latest Analysis on BWXT
About BWX Technologies
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.
Featured Articles
- Five stocks we like better than BWX Technologies
- YETI Rallies After Earnings Beat and Raised Outlook
- How the 3 Leading Quantum Firms Stack Up After Q1 Earnings
- Cisco’s Vertical Rally May Still Be in the Early Innings
- Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now
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.
