Denali Advisors LLC Sells 5,245 Shares of BWX Technologies, Inc. $BWXT

Denali Advisors LLC cut its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 42.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,170 shares of the technology company’s stock after selling 5,245 shares during the quarter. Denali Advisors LLC’s holdings in BWX Technologies were worth $1,322,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BWXT. Invesco Ltd. increased 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 period. Artisan Partners Limited Partnership purchased a new position in shares of BWX Technologies during the second quarter valued at $183,859,000. Massachusetts Financial Services Co. MA increased its stake in shares of BWX Technologies by 26.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,159,033 shares of the technology company’s stock valued at $213,691,000 after buying an additional 239,292 shares during the period. Mawer Investment Management Ltd. raised its holdings in shares of BWX Technologies by 15.6% in the second quarter. Mawer Investment Management Ltd. now owns 900,449 shares of the technology company’s stock valued at $129,719,000 after acquiring an additional 121,498 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in BWX Technologies by 7.9% in the second quarter. Raymond James Financial Inc. now owns 707,602 shares of the technology company’s stock worth $101,937,000 after acquiring an additional 51,998 shares during the period. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Stock Up 1.7%

BWX Technologies stock opened at $200.31 on Tuesday. The business’s 50-day simple moving average is $193.08 and its two-hundred day simple moving average is $185.57. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.62 and a current ratio of 1.71. The company has a market cap of $18.31 billion, a PE ratio of 60.15, a PEG ratio of 3.22 and a beta of 0.83. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $220.57.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Weiss Ratings lowered shares of BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 26th. Zacks Research raised shares of BWX Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. BTIG Research upped their target price on BWX Technologies from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, November 7th. BNP Paribas Exane started coverage on BWX Technologies in a report on Thursday, January 15th. They issued a “neutral” rating and a $215.00 price target on the stock. Finally, Truist Financial set a $205.00 price target on BWX Technologies in a research report on Friday, January 9th. Three investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, BWX Technologies presently has an average rating of “Moderate Buy” and an average target price of $199.20.

Insiders Place Their Bets

In related news, CEO Rex D. Geveden sold 10,000 shares of BWX Technologies stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $203.26, for a total transaction of $2,032,600.00. Following the completion of the transaction, the chief executive officer directly owned 177,594 shares in the company, valued at approximately $36,097,756.44. This trade represents a 5.33% 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 this hyperlink. Corporate insiders own 0.47% of the company’s stock.

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.