Wellington Shields Capital Management LLC Invests $202,000 in BWX Technologies, Inc. $BWXT

Wellington Shields Capital Management LLC purchased a new position in shares of BWX Technologies, Inc. (NYSE:BWXT) in the second quarter, Holdings Channel.com reports. The firm purchased 1,400 shares of the technology company’s stock, valued at approximately $202,000.

A number of other institutional investors have also made changes to their positions in BWXT. Valeo Financial Advisors LLC raised its stake in shares of BWX Technologies by 33,572.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,517,599 shares of the technology company’s stock valued at $2,228,000 after acquiring an additional 1,513,092 shares in the last quarter. William Blair Investment Management LLC raised its stake in shares of BWX Technologies by 523.2% in the 2nd quarter. William Blair Investment Management LLC now owns 1,517,356 shares of the technology company’s stock valued at $218,590,000 after acquiring an additional 1,273,895 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of BWX Technologies by 19.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,503,679 shares of the technology company’s stock valued at $444,288,000 after acquiring an additional 741,282 shares in the last quarter. Westwood Holdings Group Inc. raised its stake in shares of BWX Technologies by 279.0% in the 1st quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company’s stock valued at $94,562,000 after acquiring an additional 705,648 shares in the last quarter. Finally, ARK Investment Management LLC raised its stake in shares of BWX Technologies by 426.5% in the 2nd quarter. ARK Investment Management LLC now owns 641,049 shares of the technology company’s stock valued at $92,350,000 after acquiring an additional 519,285 shares in the last quarter. 94.39% of the stock is owned by institutional investors.

Insider Transactions at BWX Technologies

In other news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of BWX Technologies stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $177.43, for a total transaction 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. This trade represents a 17.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Omar Fathi Meguid sold 2,261 shares of BWX Technologies stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $179.84, for a total value of $406,618.24. Following the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 29,953 shares of company stock worth $5,359,758 over the last quarter. 0.47% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. William Blair reissued an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, September 17th. Bank of America raised their price objective on BWX Technologies from $155.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Maxim Group reissued a “hold” rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Weiss Ratings downgraded BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded BWX Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Three investment 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $168.08.

BWX Technologies Stock Up 1.1%

Shares of BWXT stock opened at $215.92 on Tuesday. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $218.50. The firm has a market cap of $19.73 billion, a PE ratio of 67.47, a price-to-earnings-growth ratio of 4.24 and a beta of 0.78. The stock has a 50 day moving average of $184.84 and a 200-day moving average of $153.13. The company has a quick ratio of 1.60, a current ratio of 1.69 and a debt-to-equity ratio of 1.28.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, November 3rd. The technology company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.15. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.During the same quarter last year, the firm earned $0.83 earnings per share. The company’s quarterly revenue was up 28.9% compared to the same quarter last year. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. On average, equities analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

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.