Covea Finance Sells 30,500 Shares of BWX Technologies, Inc. $BWXT

Covea Finance reduced its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 17.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,756 shares of the technology company’s stock after selling 30,500 shares during the quarter. Covea Finance owned approximately 0.16% of BWX Technologies worth $26,136,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Creative Financial Designs Inc. ADV boosted its stake in BWX Technologies by 250.0% in the second quarter. Creative Financial Designs Inc. ADV now owns 175 shares of the technology company’s stock worth $25,000 after purchasing an additional 125 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of BWX Technologies by 861.9% in 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 last quarter. WFA of San Diego LLC acquired a new position in BWX Technologies during the 2nd quarter worth about $29,000. Compass Financial Services Inc bought a new stake in BWX Technologies during the 1st quarter worth about $33,000. Finally, Parkside Financial Bank & Trust increased its position in BWX Technologies by 60.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 390 shares of the technology company’s stock valued at $56,000 after acquiring an additional 147 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Rex D. Geveden sold 10,000 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer owned 187,594 shares of the company’s stock, valued at approximately $37,124,852.60. This trade represents a 5.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.47% of the company’s stock.

BWX Technologies Price Performance

BWX Technologies stock opened at $178.15 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.62 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $16.29 billion, a P/E ratio of 53.50, a PEG ratio of 3.47 and a beta of 0.85. The business has a 50-day moving average of $186.51 and a 200-day moving average of $170.20. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $218.50.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings data 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. 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%. BWX Technologies’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.83 EPS. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. On average, equities analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th were given a $0.25 dividend. The ex-dividend date was 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 is currently 30.03%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Zacks Research downgraded BWX Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. William Blair reaffirmed an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, September 17th. Truist Financial raised their price target on BWX Technologies from $173.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, November 4th. BTIG Research boosted their price objective on BWX Technologies from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, CJS Securities upgraded shares of BWX Technologies to a “strong-buy” rating in a research report on Friday, December 12th. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $196.23.

BWX Technologies Company Profile

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.