Baird Financial Group Inc. Has $62.13 Million Stake in BWX Technologies, Inc. $BWXT

Baird Financial Group Inc. cut its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 6.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 431,258 shares of the technology company’s stock after selling 29,068 shares during the quarter. Baird Financial Group Inc.’s holdings in BWX Technologies were worth $62,127,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Mackenzie Financial Corp grew its stake in shares of BWX Technologies by 42.8% in the 1st quarter. Mackenzie Financial Corp now owns 4,964 shares of the technology company’s stock valued at $490,000 after purchasing an additional 1,488 shares during the period. US Bancorp DE grew its position in BWX Technologies by 20.1% in the first quarter. US Bancorp DE now owns 12,352 shares of the technology company’s stock valued at $1,219,000 after acquiring an additional 2,071 shares during the period. Commerce Bank grew its position in BWX Technologies by 6.9% in the first quarter. Commerce Bank now owns 2,313 shares of the technology company’s stock valued at $228,000 after acquiring an additional 150 shares during the period. PNC Financial Services Group Inc. raised its stake in BWX Technologies by 52.6% during the first quarter. PNC Financial Services Group Inc. now owns 11,460 shares of the technology company’s stock worth $1,131,000 after acquiring an additional 3,950 shares in the last quarter. Finally, Bank of Nova Scotia acquired a new position in BWX Technologies during the first quarter worth $1,232,000. Institutional investors own 94.39% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BWXT. BTIG Research upped their price objective on shares of BWX Technologies from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on BWX Technologies and gave the company a “hold” rating in a research note on Wednesday, October 8th. Zacks Research cut BWX Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Wall Street Zen upgraded BWX Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Truist Financial increased their price objective on shares of BWX Technologies from $173.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $184.83.

BWX Technologies Price Performance

NYSE BWXT opened at $178.96 on Friday. The business has a 50 day simple moving average of $191.30 and a 200 day simple moving average of $164.45. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $218.50. The stock has a market cap of $16.36 billion, a price-to-earnings ratio of 53.74, a PEG ratio of 3.43 and a beta of 0.85. 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 data on Monday, November 3rd. The technology company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.15. The business had revenue of $866.29 million for the quarter, compared to analyst estimates of $795.48 million. BWX Technologies had a net margin of 10.04% and a return on equity of 30.70%. The firm’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. Analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 19th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Wednesday, November 19th. BWX Technologies’s dividend payout ratio is presently 30.03%.

Insider Buying and Selling at BWX Technologies

In other BWX Technologies news, CEO Rex D. Geveden sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $197.90, for a total transaction of $1,979,000.00. Following the completion of the transaction, the chief executive officer owned 187,594 shares of the company’s stock, valued at approximately $37,124,852.60. The trade was a 5.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.47% of the stock is currently owned by corporate insiders.

About BWX Technologies

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.