Rossby Financial LCC Purchases 2,110 Shares of BWX Technologies, Inc. $BWXT

Rossby Financial LCC raised its position in BWX Technologies, Inc. (NYSE:BWXT) by 211.0% in the 2nd quarter, Holdings Channel reports. The firm owned 3,110 shares of the technology company’s stock after buying an additional 2,110 shares during the period. Rossby Financial LCC’s holdings in BWX Technologies were worth $448,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Stone House Investment Management LLC bought a new stake in BWX Technologies in the first quarter valued at approximately $31,000. Compass Financial Services Inc bought a new stake in shares of BWX Technologies during the first quarter worth $33,000. HHM Wealth Advisors LLC increased its position in shares of BWX Technologies by 34.5% during the first quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company’s stock worth $38,000 after acquiring an additional 100 shares in the last quarter. National Bank of Canada FI increased its position in shares of BWX Technologies by 369.7% during the first quarter. National Bank of Canada FI now owns 559 shares of the technology company’s stock worth $55,000 after acquiring an additional 440 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. increased its position in shares of BWX Technologies by 194.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 632 shares of the technology company’s stock worth $63,000 after acquiring an additional 417 shares in the last quarter. Institutional investors own 94.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BWXT shares. Wall Street Zen downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Maxim Group reissued a “hold” rating on shares of BWX Technologies in a research report on Wednesday, August 6th. Weiss Ratings downgraded shares of BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Zacks Research raised shares of BWX Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Finally, Northland Capmk raised shares of BWX Technologies to a “strong-buy” rating in a research report on Tuesday, September 9th. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $168.08.

Insider Activity

In other BWX Technologies news, Director Leland D. Melvin sold 600 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $178.26, for a total value of $106,956.00. Following the completion of the sale, 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 legal filing with the SEC, which is available through this link. Also, SVP Omar Fathi Meguid sold 2,261 shares of the stock in a transaction dated Wednesday, August 6th. The shares were 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 directly owned 2,361 shares in the company, valued at $424,602.24. The trade was a 48.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,953 shares of company stock worth $5,359,758. 0.47% of the stock is owned by insiders.

BWX Technologies Stock Performance

Shares of BWXT stock opened at $204.23 on Tuesday. The stock has a market cap of $18.67 billion, a P/E ratio of 63.82, a P/E/G ratio of 4.04 and a beta of 0.78. 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 fifty day moving average price of $179.96 and a two-hundred day moving average price of $148.95. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $214.72.

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

BWX Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were paid 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 (DPR) is currently 31.25%.

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.