Pinnacle Associates Ltd. Cuts Stock Position in BWX Technologies, Inc. $BWXT

Pinnacle Associates Ltd. lessened its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 11.4% in the third quarter, Holdings Channel reports. The firm owned 72,409 shares of the technology company’s stock after selling 9,314 shares during the period. Pinnacle Associates Ltd.’s holdings in BWX Technologies were worth $13,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Invesco Ltd. raised its stake in shares of BWX Technologies by 139.0% during the 2nd quarter. Invesco Ltd. now owns 1,592,380 shares of the technology company’s stock worth $229,398,000 after purchasing an additional 926,117 shares during the period. Artisan Partners Limited Partnership bought a new position in BWX Technologies during the second quarter valued at about $183,859,000. First Trust Advisors LP increased its holdings in BWX Technologies by 31.3% during the third quarter. First Trust Advisors LP now owns 1,254,779 shares of the technology company’s stock worth $231,343,000 after buying an additional 299,375 shares during the last quarter. Blair William & Co. IL increased its holdings in BWX Technologies by 18.7% during the third quarter. Blair William & Co. IL now owns 1,191,068 shares of the technology company’s stock worth $219,597,000 after buying an additional 187,461 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in BWX Technologies by 26.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,159,033 shares of the technology company’s stock worth $213,691,000 after acquiring an additional 239,292 shares during the period. 94.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at BWX Technologies

In other news, Director Gerhard F. Burbach sold 1,983 shares of BWX Technologies stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $208.61, for a total value of $413,673.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rex D. Geveden sold 10,000 shares of BWX Technologies stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $203.26, for a total value of $2,032,600.00. Following the completion of the transaction, the chief executive officer owned 177,594 shares of the company’s stock, valued at approximately $36,097,756.44. This trade represents a 5.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 13,327 shares of company stock valued at $2,734,844 in the last 90 days. 0.47% of the stock is currently owned by company insiders.

BWX Technologies Price Performance

Shares of NYSE:BWXT opened at $195.65 on Monday. The firm has a market capitalization of $17.89 billion, a PE ratio of 54.80, a P/E/G ratio of 3.19 and a beta of 0.83. The company has a quick ratio of 2.25, a current ratio of 2.32 and a debt-to-equity ratio of 1.64. The company has a 50-day moving average price of $201.04 and a two-hundred day moving average price of $188.78. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $220.57.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, February 23rd. The technology company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.17. The company had revenue of $885.84 million for the quarter, compared to analyst estimates of $837.47 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.94%. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 earnings per share. BWX Technologies has set its FY 2026 guidance at 4.550-4.700 EPS. Equities analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Wednesday, March 11th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, March 11th. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.25. BWX Technologies’s payout ratio is presently 28.01%.

Analyst Ratings Changes

A number of research firms have weighed in on BWXT. Bank of America boosted their target price on shares of BWX Technologies from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Truist Financial set a $205.00 price target on shares of BWX Technologies in a research note on Friday, January 9th. BNP Paribas Exane assumed coverage on BWX Technologies in a research note on Thursday, January 15th. They issued a “neutral” rating and a $215.00 price objective on the stock. CJS Securities raised BWX Technologies to a “strong-buy” rating in a report on Friday, December 12th. Finally, BTIG Research raised their target price on BWX Technologies from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $200.45.

About BWX Technologies

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.