New York State Common Retirement Fund Sells 981 Shares of BWX Technologies, Inc. $BWXT

New York State Common Retirement Fund decreased its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 0.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 297,658 shares of the technology company’s stock after selling 981 shares during the period. New York State Common Retirement Fund owned 0.33% of BWX Technologies worth $42,881,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in BWXT. Williamson Legacy Group LLC purchased a new stake in shares of BWX Technologies in the second quarter worth $1,203,000. Portland Investment Counsel Inc. boosted its holdings in BWX Technologies by 7.7% in the 2nd quarter. Portland Investment Counsel Inc. now owns 7,000 shares of the technology company’s stock worth $1,002,000 after buying an additional 500 shares during the period. Advantage Alpha Capital Partners LP purchased a new stake in BWX Technologies in the 2nd quarter worth $2,369,000. Korea Investment CORP increased its stake in BWX Technologies by 43.4% in the 2nd quarter. Korea Investment CORP now owns 30,332 shares of the technology company’s stock worth $4,370,000 after buying an additional 9,183 shares in the last quarter. Finally, Atika Capital Management LLC raised its holdings in BWX Technologies by 95.9% during the second quarter. Atika Capital Management LLC now owns 210,400 shares of the technology company’s stock valued at $30,310,000 after acquiring an additional 103,000 shares during the period. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Wall Street Analysts Forecast Growth

BWXT has been the subject of a number of recent analyst reports. Maxim Group reaffirmed a “hold” rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Wall Street Zen raised BWX Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Northland Securities set a $225.00 price objective on shares of BWX Technologies in a report on Tuesday, November 4th. Truist Financial lifted their price objective on shares of BWX Technologies from $173.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, November 4th. Finally, Zacks Research downgraded shares of BWX Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, BWX Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.83.

Insider Activity at BWX Technologies

In other news, CEO Rex D. Geveden sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $197.90, for a total transaction of $1,979,000.00. Following the transaction, the chief executive officer owned 187,594 shares of the company’s stock, valued at approximately $37,124,852.60. The trade was a 5.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.47% of the company’s stock.

BWX Technologies Price Performance

BWX Technologies stock opened at $179.04 on Monday. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $218.50. The company has a quick ratio of 1.60, a current ratio of 1.69 and a debt-to-equity ratio of 1.28. The firm’s fifty day moving average is $191.36 and its 200 day moving average is $163.34. The company has a market cap of $16.37 billion, a price-to-earnings ratio of 55.95, a PEG ratio of 4.24 and a beta of 0.78.

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

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, November 19th. BWX Technologies’s dividend payout ratio (DPR) is presently 30.03%.

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.