Fox Run Management L.L.C. Sells 9,945 Shares of BWX Technologies, Inc. $BWXT

Fox Run Management L.L.C. reduced its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 65.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,318 shares of the technology company’s stock after selling 9,945 shares during the quarter. Fox Run Management L.L.C.’s holdings in BWX Technologies were worth $766,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Valeo Financial Advisors LLC increased its position in BWX Technologies by 33,572.0% during 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 purchasing an additional 1,513,092 shares during the period. William Blair Investment Management LLC lifted its position 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 worth $218,590,000 after purchasing an additional 1,273,895 shares during the period. T. Rowe Price Investment Management Inc. boosted 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 purchasing an additional 741,282 shares during the last quarter. Westwood Holdings Group Inc. increased its position in shares of BWX Technologies by 279.0% during the first quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company’s stock worth $94,562,000 after buying an additional 705,648 shares during the period. Finally, ARK Investment Management LLC raised its stake in BWX Technologies by 426.5% during the second quarter. ARK Investment Management LLC now owns 641,049 shares of the technology company’s stock worth $92,350,000 after buying an additional 519,285 shares during the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wall Street Zen raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Saturday. BTIG Research boosted their price objective on BWX Technologies from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Friday. Northland Securities set a $225.00 target price on BWX Technologies in a research note on Tuesday, November 4th. Truist Financial lifted their target price on BWX Technologies from $173.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, November 4th. Finally, William Blair reissued an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, September 17th. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, BWX Technologies has a consensus rating of “Moderate Buy” and an average target price of $179.62.

BWX Technologies Trading Down 0.3%

NYSE:BWXT opened at $193.42 on Monday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $218.50. The company has a market cap of $17.68 billion, a PE ratio of 60.44, a PEG ratio of 4.24 and a beta of 0.78. The firm has a 50-day moving average of $187.37 and a 200-day moving average of $155.77.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, November 3rd. The technology company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.15. The business had revenue of $866.29 million during the quarter, compared to the consensus estimate of $795.48 million. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The company’s quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 EPS. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. As a group, equities research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 19th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, November 19th. BWX Technologies’s payout ratio is currently 30.03%.

BWX Technologies Company Profile

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.