Cresset Asset Management LLC Sells 34,719 Shares of BWX Technologies, Inc. $BWXT

Cresset Asset Management LLC lowered its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 21.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 123,589 shares of the technology company’s stock after selling 34,719 shares during the period. Cresset Asset Management LLC’s holdings in BWX Technologies were worth $22,786,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in BWXT. Creative Financial Designs Inc. ADV raised its stake in shares of BWX Technologies by 250.0% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 175 shares of the technology company’s stock valued at $25,000 after purchasing an additional 125 shares during the period. Hantz Financial Services Inc. boosted its stake in BWX Technologies by 861.9% during the second quarter. Hantz Financial Services Inc. now owns 202 shares of the technology company’s stock valued at $29,000 after buying an additional 181 shares during the period. WFA of San Diego LLC bought a new stake in shares of BWX Technologies during the 2nd quarter valued at about $29,000. Global Trust Asset Management LLC bought a new stake in BWX Technologies during the third quarter valued at approximately $32,000. Finally, Quent Capital LLC bought a new stake in shares of BWX Technologies during the 3rd quarter worth $43,000. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on BWXT shares. BNP Paribas Exane assumed coverage on shares of BWX Technologies in a research report on Thursday, January 15th. They set a “neutral” rating and a $215.00 price target on the stock. Weiss Ratings raised shares of BWX Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 25th. Bank of America lifted their target price on shares of BWX Technologies from $220.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, November 13th. BTIG Research upped their target price on shares of BWX Technologies from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Finally, Zacks Research upgraded shares of BWX Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $200.45.

Insider Buying and Selling

In other news, Director Gerhard F. Burbach sold 1,983 shares of BWX Technologies stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $208.61, for a total transaction of $413,673.63. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Kevin James Gorman sold 1,344 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $214.71, for a total transaction of $288,570.24. Following the completion of the transaction, the chief accounting officer directly owned 114 shares in the company, valued at $24,476.94. This trade represents a 92.18% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 13,327 shares of company stock valued at $2,734,844. Corporate insiders own 0.47% of the company’s stock.

BWX Technologies Stock Down 0.1%

Shares of BWXT stock opened at $205.69 on Thursday. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.32 and a quick ratio of 2.25. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $220.57. The company’s fifty day moving average price is $200.29 and its 200-day moving average price is $188.23. The company has a market capitalization of $18.81 billion, a price-to-earnings ratio of 57.62, a PEG ratio of 3.36 and a beta of 0.83.

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

BWX Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Wednesday, March 11th will be paid a dividend of $0.27 per share. This is a boost from BWX Technologies’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $1.08 annualized dividend and a yield of 0.5%. BWX Technologies’s dividend payout ratio is 28.01%.

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.