New York State Teachers Retirement System Has $3.43 Million Holdings in BWX Technologies, Inc. $BWXT

New York State Teachers Retirement System raised its position in BWX Technologies, Inc. (NYSE:BWXT) by 18.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,800 shares of the technology company’s stock after buying an additional 3,700 shares during the period. New York State Teachers Retirement System’s holdings in BWX Technologies were worth $3,429,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. acquired a new position in BWX Technologies in the first quarter valued at about $383,000. Synergy Asset Management LLC acquired a new position in shares of BWX Technologies during the first quarter worth approximately $296,000. Clear Creek Financial Management LLC acquired a new position in shares of BWX Technologies during the first quarter worth approximately $223,000. Artemis Investment Management LLP acquired a new position in shares of BWX Technologies during the first quarter worth approximately $19,331,000. Finally, Sequoia Financial Advisors LLC lifted its position in shares of BWX Technologies by 7.1% during the second quarter. Sequoia Financial Advisors LLC now owns 46,409 shares of the technology company’s stock worth $6,686,000 after purchasing an additional 3,087 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other BWX Technologies news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the company’s 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 completion of the sale, the senior vice president owned 10,149 shares of the company’s stock, valued at approximately $1,800,737.07. This represents a 17.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leland D. Melvin sold 600 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $178.26, for a total transaction of $106,956.00. Following the completion of the sale, the director directly owned 5,579 shares of the company’s stock, valued at $994,512.54. The trade was a 9.71% 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 over the last three months. Company insiders own 0.47% of the company’s stock.

BWX Technologies Trading Up 2.4%

BWXT opened at $208.05 on Tuesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. The company has a market cap of $19.02 billion, a price-to-earnings ratio of 65.02, a price-to-earnings-growth ratio of 4.03 and a beta of 0.78. The firm has a 50 day simple moving average of $177.41 and a 200 day simple moving average of $145.32. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $214.72.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.23. The business had revenue of $764.00 million during 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%. BWX Technologies’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, sell-side analysts anticipate 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. Shareholders of record on Monday, August 18th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, August 18th. BWX Technologies’s dividend payout ratio is presently 31.25%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BWXT shares. William Blair reiterated an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, September 17th. Maxim Group reiterated a “hold” rating on shares of BWX Technologies in a research report on Wednesday, August 6th. Wall Street Zen lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Bank of America upped their target price on shares of BWX Technologies from $155.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Finally, Zacks Research upgraded shares of BWX Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $168.08.

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.