BWX Technologies, Inc. $BWXT Holdings Raised by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC lifted its stake in BWX Technologies, Inc. (NYSE:BWXT) by 20.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 37,565 shares of the technology company’s stock after purchasing an additional 6,461 shares during the quarter. Insight Wealth Strategies LLC’s holdings in BWX Technologies were worth $5,146,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in BWX Technologies in the 2nd quarter valued at approximately $2,359,895,000. Bank of New York Mellon Corp acquired a new stake in shares of BWX Technologies in the second quarter valued at $222,587,000. Bank of America Corp DE acquired a new stake in shares of BWX Technologies in the second quarter valued at $202,020,000. William Blair Investment Management LLC purchased a new stake in shares of BWX Technologies in the 2nd quarter valued at $183,211,000. Finally, Segra Capital Management LLC purchased a new stake in shares of BWX Technologies in the 3rd quarter valued at $48,654,000. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BWXT. Truist Financial lowered their target price on BWX Technologies from $202.00 to $182.00 and set a “hold” rating for the company in a report on Tuesday. Weiss Ratings cut shares of BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. Wall Street Zen lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Jefferies Financial Group assumed coverage on shares of BWX Technologies in a research note on Thursday, September 3rd. They set a “buy” rating and a $181.00 target price on the stock. Finally, BTIG Research reiterated a “buy” rating and set a $235.00 target price on shares of BWX Technologies in a report on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $208.33.

Insider Buying and Selling

In related news, CEO Rex D. Geveden sold 10,000 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $172.50, for a total value of $1,725,000.00. Following the transaction, the chief executive officer owned 192,491 shares of the company’s stock, valued at $33,204,697.50. This represents a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by company insiders.

BWX Technologies Stock Up 0.1%

NYSE:BWXT traded up $0.13 during mid-day trading on Friday, hitting $142.35. The stock had a trading volume of 264,948 shares, compared to its average volume of 1,048,132. BWX Technologies, Inc. has a twelve month low of $131.86 and a twelve month high of $241.82. The stock has a 50-day simple moving average of $154.12 and a two-hundred day simple moving average of $184.34. The company has a current ratio of 2.40, a quick ratio of 2.33 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $13.04 billion, a PE ratio of 36.89, a PEG ratio of 2.16 and a beta of 0.74.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, August 3rd. The technology company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.04 by $0.03. BWX Technologies had a net margin of 10.11% and a return on equity of 30.83%. The company had revenue of $901.62 million during the quarter, compared to analysts’ expectations of $902.41 million. During the same quarter in the previous year, the business posted $1.02 EPS. The firm’s revenue was up 18.0% on a year-over-year basis. BWX Technologies has set its FY 2026 guidance at 4.700-4.800 EPS. On average, equities research analysts anticipate that BWX Technologies, Inc. will post 4.75 EPS for the current year.

BWX Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, August 18th were paid a dividend of $0.27 per share. The ex-dividend date was Tuesday, August 18th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.8%. BWX Technologies’s payout ratio is presently 27.98%.

About BWX Technologies

BWX Technologies, Inc (NYSE:BWXT) is a provider of nuclear components, systems and services for government and commercial customers. The company is best known for designing and manufacturing nuclear reactors and related components for the U.S. Navy’s nuclear-powered aircraft carriers and submarines. It also supports the nuclear fuel cycle and provides engineering, manufacturing, maintenance and technical services for nuclear facilities.

BWXT serves the U.S. government, commercial nuclear power producers, research institutions and customers in the healthcare and space industries.