Chase Investment Counsel Corp purchased a new position in shares of BWX Technologies, Inc. (NYSE:BWXT – Free Report) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 6,029 shares of the technology company’s stock, valued at approximately $1,173,000.
Several other institutional investors have also recently added to or reduced their stakes in BWXT. WFA of San Diego LLC purchased a new stake in BWX Technologies during the 2nd quarter valued at approximately $29,000. MV Capital Management Inc. purchased a new position in shares of BWX Technologies in the 4th quarter valued at approximately $32,000. Tucker Asset Management LLC purchased a new position in shares of BWX Technologies in the 4th quarter valued at approximately $36,000. Vermillion Wealth Management Inc. grew its stake in shares of BWX Technologies by 71.7% in the 4th quarter. Vermillion Wealth Management Inc. now owns 237 shares of the technology company’s stock valued at $41,000 after purchasing an additional 99 shares during the last quarter. Finally, Smithfield Trust Co increased its holdings in shares of BWX Technologies by 52.1% in the fourth quarter. Smithfield Trust Co now owns 251 shares of the technology company’s stock valued at $44,000 after purchasing an additional 86 shares during the period. Institutional investors and hedge funds own 94.39% of the company’s stock.
Insider Buying and Selling
In related news, CEO Rex D. Geveden sold 10,000 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $172.50, for a total transaction of $1,725,000.00. Following the sale, the chief executive officer owned 192,491 shares of the company’s stock, valued at approximately $33,204,697.50. The trade was a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company’s stock.
BWX Technologies Trading Down 0.0%
BWX Technologies (NYSE:BWXT – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The technology company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.03. BWX Technologies had a return on equity of 30.83% and a net margin of 10.11%.The firm had revenue of $901.62 million during the quarter, compared to analysts’ expectations of $902.41 million. During the same quarter in the prior year, the business posted $1.02 earnings per share. BWX Technologies’s revenue was up 18.0% compared to the same quarter last year. BWX Technologies has set its FY 2026 guidance at 4.700-4.800 EPS. As a group, sell-side analysts forecast that BWX Technologies, Inc. will post 4.75 EPS for the current fiscal year.
BWX Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Tuesday, August 18th will be paid a $0.27 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $1.08 annualized dividend and a dividend yield of 0.6%. BWX Technologies’s dividend payout ratio (DPR) is 27.98%.
Wall Street Analyst Weigh In
Several research firms have recently commented on BWXT. Truist Financial cut their price target on BWX Technologies from $212.00 to $202.00 and set a “hold” rating for the company in a research note on Friday. Wall Street Zen lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings raised shares of BWX Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Seaport Research Partners upgraded shares of BWX Technologies from a “neutral” rating to a “buy” rating and set a $245.00 price objective for the company in a research report on Monday, June 22nd. Finally, JPMorgan Chase & Co. initiated coverage on shares of BWX Technologies in a research note on Monday, July 27th. They issued an “overweight” rating and a $230.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, BWX Technologies has an average rating of “Moderate Buy” and an average price target of $227.20.
Get Our Latest Report on BWX Technologies
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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