Csenge Advisory Group purchased a new stake in BWX Technologies, Inc. (NYSE:BWXT – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,874 shares of the technology company’s stock, valued at approximately $949,000.
Other hedge funds have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its holdings in shares of BWX Technologies by 0.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 141,680 shares of the technology company’s stock worth $13,977,000 after buying an additional 371 shares during the period. Caxton Associates LLP bought a new position in BWX Technologies in the 1st quarter valued at about $304,000. Flow Traders U.S. LLC bought a new position in BWX Technologies in the 2nd quarter valued at about $404,000. NewEdge Advisors LLC lifted its position in BWX Technologies by 670.0% during the second quarter. NewEdge Advisors LLC now owns 7,030 shares of the technology company’s stock worth $1,013,000 after acquiring an additional 6,117 shares during the last quarter. Finally, Sei Investments Co. lifted its position in BWX Technologies by 44.9% during the second quarter. Sei Investments Co. now owns 256,969 shares of the technology company’s stock worth $37,018,000 after acquiring an additional 79,646 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.
BWX Technologies Stock Performance
Shares of NYSE:BWXT opened at $162.31 on Thursday. The company’s 50 day moving average price is $182.20 and its two-hundred day moving average price is $198.03. BWX Technologies, Inc. has a 12-month low of $157.10 and a 12-month high of $241.82. The firm has a market cap of $14.87 billion, a PE ratio of 42.05, a PEG ratio of 2.58 and a beta of 0.76. The company has a quick ratio of 2.33, a current ratio of 2.40 and a debt-to-equity ratio of 1.51.
BWX Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Tuesday, August 18th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, August 18th. BWX Technologies’s dividend payout ratio (DPR) is 27.98%.
Insiders Place Their Bets
In other BWX Technologies news, CEO Rex D. Geveden sold 10,000 shares of BWX Technologies stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $172.50, for a total value of $1,725,000.00. Following the completion of the transaction, the chief executive officer directly owned 192,491 shares of the company’s stock, valued at $33,204,697.50. The trade was a 4.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Several research firms have recently commented on BWXT. Wall Street Zen downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Zacks Research cut BWX Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft upgraded BWX Technologies from a “hold” rating to a “buy” rating and boosted their price target for the company from $205.00 to $255.00 in a research note on Friday, May 15th. Truist Financial decreased their price objective on BWX Technologies from $212.00 to $202.00 and set a “hold” rating on the stock in a report on Friday, August 14th. Finally, BTIG Research reiterated a “buy” rating and set a $235.00 price objective on shares of BWX Technologies in a research report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $227.20.
BWX Technologies 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.
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