Covestor Ltd Sells 3,243 Shares of BWX Technologies, Inc. $BWXT

Covestor Ltd lessened its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 94.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 203 shares of the technology company’s stock after selling 3,243 shares during the quarter. Covestor Ltd’s holdings in BWX Technologies were worth $37,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Valeo Financial Advisors LLC lifted its position in BWX Technologies by 33,572.0% during the second quarter. Valeo Financial Advisors LLC now owns 1,517,599 shares of the technology company’s stock worth $2,228,000 after acquiring an additional 1,513,092 shares during the last quarter. Artisan Partners Limited Partnership bought a new position in shares of BWX Technologies during the second quarter worth approximately $183,859,000. William Blair Investment Management LLC lifted its holdings in BWX Technologies by 523.2% during the 2nd quarter. William Blair Investment Management LLC now owns 1,517,356 shares of the technology company’s stock worth $218,590,000 after purchasing an additional 1,273,895 shares during the last quarter. Invesco Ltd. lifted its holdings in BWX Technologies by 139.0% during the 2nd quarter. Invesco Ltd. now owns 1,592,380 shares of the technology company’s stock worth $229,398,000 after purchasing an additional 926,117 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new stake in BWX Technologies in the 2nd quarter valued at $132,498,000. Institutional investors and hedge funds own 94.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BWXT. Exane BNP Paribas upgraded BWX Technologies to a “hold” rating in a research report on Thursday, January 15th. Truist Financial set a $205.00 price objective on shares of BWX Technologies in a research note on Friday, January 9th. Wall Street Zen raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings cut shares of BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Finally, BNP Paribas Exane upgraded shares of BWX Technologies to a “hold” rating in a research report on Thursday, January 15th. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, BWX Technologies has an average rating of “Moderate Buy” and a consensus price target of $199.20.

BWX Technologies Price Performance

BWXT stock opened at $216.30 on Thursday. The company’s 50-day moving average price is $186.81 and its two-hundred day moving average price is $180.19. The firm has a market cap of $19.78 billion, a P/E ratio of 64.96, a P/E/G ratio of 3.41 and a beta of 0.86. The company has a quick ratio of 1.62, a current ratio of 1.71 and a debt-to-equity ratio of 1.21. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $220.57.

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

Insider Buying and Selling at BWX Technologies

In other news, CEO Rex D. Geveden sold 10,000 shares of BWX Technologies stock in a transaction on 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 transaction, the chief executive officer owned 187,594 shares in the company, valued at approximately $37,124,852.60. This trade represents a 5.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

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.