Geode Capital Management LLC Buys 69,857 Shares of BWX Technologies, Inc. $BWXT

Geode Capital Management LLC grew its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 3.9% during the 4th quarter, HoldingsChannel reports. The fund owned 1,857,716 shares of the technology company’s stock after acquiring an additional 69,857 shares during the quarter. Geode Capital Management LLC’s holdings in BWX Technologies were worth $321,176,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. King Luther Capital Management Corp raised its stake in shares of BWX Technologies by 7.4% during the fourth quarter. King Luther Capital Management Corp now owns 247,717 shares of the technology company’s stock worth $42,815,000 after acquiring an additional 17,101 shares in the last quarter. Employees Retirement System of Texas increased its stake in shares of BWX Technologies by 31.9% in the fourth quarter. Employees Retirement System of Texas now owns 884 shares of the technology company’s stock worth $153,000 after buying an additional 214 shares during the period. Williamson Legacy Group LLC increased its stake in shares of BWX Technologies by 23.9% in the fourth quarter. Williamson Legacy Group LLC now owns 10,831 shares of the technology company’s stock worth $1,872,000 after buying an additional 2,092 shares during the period. Flputnam Investment Management Co. purchased a new position in shares of BWX Technologies in the fourth quarter worth $629,000. Finally, Smithfield Trust Co increased its stake in shares of BWX Technologies by 52.1% in the fourth quarter. Smithfield Trust Co now owns 251 shares of the technology company’s stock worth $44,000 after buying an additional 86 shares during the period. 94.39% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Rex D. Geveden sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $204.81, for a total transaction of $2,048,100.00. Following the sale, the chief executive officer owned 202,491 shares in the company, valued at approximately $41,472,181.71. The trade was a 4.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael Thomas Fitzgerald sold 2,417 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $209.25, for a total transaction of $505,757.25. Following the sale, the chief financial officer owned 6,884 shares in the company, valued at approximately $1,440,477. This trade represents a 25.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on BWXT. Zacks Research downgraded shares of BWX Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. TD Securities began coverage on shares of BWX Technologies in a research note on Thursday, March 12th. They issued a “buy” rating and a $230.00 target price on the stock. Truist Financial lifted their target price on shares of BWX Technologies from $205.00 to $212.00 and gave the stock a “hold” rating in a research note on Monday, May 11th. Bank of America lifted their target price on shares of BWX Technologies from $230.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, March 25th. Finally, Wells Fargo & Company began coverage on shares of BWX Technologies in a research note on Wednesday, April 1st. They issued an “underweight” rating and a $200.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $228.00.

BWX Technologies Stock Performance

NYSE:BWXT opened at $188.61 on Tuesday. The stock has a market cap of $17.28 billion, a P/E ratio of 50.43, a price-to-earnings-growth ratio of 3.23 and a beta of 0.78. The firm’s fifty day simple moving average is $212.55 and its 200 day simple moving average is $199.56. BWX Technologies, Inc. has a twelve month low of $124.30 and a twelve month high of $241.82. The company has a quick ratio of 2.33, a current ratio of 2.40 and a debt-to-equity ratio of 1.58.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, May 4th. The technology company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.20. BWX Technologies had a net margin of 10.20% and a return on equity of 31.33%. The firm had revenue of $860.22 million for the quarter, compared to analysts’ expectations of $837.47 million. During the same quarter in the previous year, the business posted $0.91 EPS. The company’s quarterly revenue was up 26.1% on a year-over-year basis. BWX Technologies has set its FY 2026 guidance at 4.600-4.750 EPS. As a group, research analysts predict that BWX Technologies, Inc. will post 4.71 EPS for the current year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Tuesday, May 19th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, May 19th. BWX Technologies’s payout ratio is 28.88%.

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.