Arrowstreet Capital Limited Partnership Sells 101,307 Shares of BWX Technologies, Inc. $BWXT

Arrowstreet Capital Limited Partnership cut its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 17.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 470,774 shares of the technology company’s stock after selling 101,307 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in BWX Technologies were worth $67,820,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Panagora Asset Management Inc. bought a new stake in BWX Technologies in the second quarter worth $298,000. Williamson Legacy Group LLC bought a new position in shares of BWX Technologies during the second quarter valued at $1,203,000. Portland Investment Counsel Inc. raised its position in shares of BWX Technologies by 7.7% in the 2nd quarter. Portland Investment Counsel Inc. now owns 7,000 shares of the technology company’s stock worth $1,002,000 after purchasing an additional 500 shares during the last quarter. Advantage Alpha Capital Partners LP bought a new position in BWX Technologies in the 2nd quarter worth about $2,369,000. Finally, Korea Investment CORP grew its position in BWX Technologies by 43.4% during the 2nd quarter. Korea Investment CORP now owns 30,332 shares of the technology company’s stock valued at $4,370,000 after purchasing an additional 9,183 shares during the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

BWX Technologies Price Performance

Shares of NYSE:BWXT opened at $178.96 on Friday. The firm has a market cap of $16.36 billion, a price-to-earnings ratio of 53.74, a P/E/G ratio of 3.43 and a beta of 0.85. The firm has a fifty day moving average price of $191.30 and a 200 day moving average price of $164.45. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $218.50. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.62 and a current ratio of 1.71.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, November 3rd. The technology company reported $1.00 earnings per share 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 in the previous year, the business posted $0.83 earnings per share. BWX Technologies’s quarterly revenue was up 28.9% on a year-over-year basis. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. As a group, sell-side analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. BWX Technologies’s dividend payout ratio (DPR) is 30.03%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Wall Street Zen raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Truist Financial raised their price target on shares of BWX Technologies from $173.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, November 4th. Wedbush reiterated an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, October 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of BWX Technologies in a report on Monday. Finally, Zacks Research downgraded BWX Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.83.

Insider Activity at BWX Technologies

In related news, CEO Rex D. Geveden sold 10,000 shares of BWX Technologies stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $197.90, for a total value of $1,979,000.00. Following the completion of the sale, the chief executive officer directly owned 187,594 shares in the company, valued at $37,124,852.60. The trade was a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.47% of the company’s stock.

BWX Technologies Profile

BWX Technologies, Inc, together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments, Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.