Bessemer Group Inc. Sells 266,343 Shares of BWX Technologies, Inc. $BWXT

Bessemer Group Inc. lessened its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 25.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 772,857 shares of the technology company’s stock after selling 266,343 shares during the quarter. Bessemer Group Inc. owned 0.85% of BWX Technologies worth $142,491,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV lifted its stake in shares of BWX Technologies by 250.0% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 175 shares of the technology company’s stock valued at $25,000 after acquiring an additional 125 shares during the last quarter. Hantz Financial Services Inc. lifted its position in BWX Technologies by 861.9% in the second quarter. Hantz Financial Services Inc. now owns 202 shares of the technology company’s stock valued at $29,000 after purchasing an additional 181 shares during the last quarter. WFA of San Diego LLC purchased a new stake in shares of BWX Technologies during the second quarter valued at approximately $29,000. Global Trust Asset Management LLC purchased a new stake in shares of BWX Technologies during the third quarter valued at approximately $32,000. Finally, Quent Capital LLC bought a new position in shares of BWX Technologies in the third quarter worth approximately $43,000. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Stock Down 1.4%

BWX Technologies stock opened at $187.48 on Friday. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $220.57. The stock has a fifty day simple moving average of $189.97 and a two-hundred day simple moving average of $182.46. The company has a current ratio of 1.71, a quick ratio of 1.62 and a debt-to-equity ratio of 1.21. The firm has a market cap of $17.14 billion, a price-to-earnings ratio of 56.30, a PEG ratio of 3.05 and a beta of 0.84.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, November 3rd. The technology company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.15. BWX Technologies had a net margin of 10.04% and a return on equity of 30.70%. The company had revenue of $866.29 million for the quarter, compared to analysts’ expectations of $795.48 million. During the same quarter last year, the company posted $0.83 earnings per share. The firm’s quarterly revenue was up 28.9% on a year-over-year basis. Equities analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other BWX Technologies news, CEO Rex D. Geveden sold 10,000 shares of BWX Technologies stock in a transaction that occurred on Wednesday, November 12th. The shares were 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 $37,124,852.60. The trade was a 5.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

BWXT has been the subject of several analyst reports. Zacks Research raised shares of BWX Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 21st. Truist Financial set a $205.00 price target on BWX Technologies in a report on Friday, January 9th. CJS Securities upgraded BWX Technologies to a “strong-buy” rating in a research report on Friday, December 12th. Exane BNP Paribas raised BWX Technologies to a “hold” rating in a research note on Thursday, January 15th. Finally, Weiss Ratings cut shares of BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 26th. Three analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $199.20.

BWX Technologies Profile

BWX Technologies, Inc (NYSE: BWXT) is a specialized supplier of nuclear components and services, primarily serving the U.S. government and commercial markets. The company’s core expertise lies in the design, fabrication and servicing of nuclear propulsion systems for the U.S. Navy, where it supports the maintenance and overhaul of naval nuclear reactors. In addition to defense applications, BWXT develops small modular reactors (SMRs), nuclear fuel and related technologies for non‐defense power generation, offering scalable solutions to meet evolving energy and industrial demands.

Beyond propulsion and power systems, BWXT is a leading producer of medical radioisotopes used in diagnostic imaging and cancer treatment.