Van ECK Associates Corp Cuts Stock Holdings in BWX Technologies, Inc. $BWXT

Van ECK Associates Corp cut its stake in BWX Technologies, Inc. (NYSE:BWXT) by 1.7% in the second quarter, HoldingsChannel reports. The firm owned 1,556,784 shares of the technology company’s stock after selling 27,676 shares during the quarter. Van ECK Associates Corp’s holdings in BWX Technologies were worth $303,028,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in BWX Technologies in the 2nd quarter valued at about $2,359,895,000. Bank of New York Mellon Corp purchased a new stake in shares of BWX Technologies during the second quarter worth approximately $222,587,000. Bank of America Corp DE acquired a new stake in BWX Technologies in the second quarter valued at approximately $202,020,000. Invesco Ltd. lifted its stake in BWX Technologies by 60.1% in the third quarter. Invesco Ltd. now owns 2,549,150 shares of the technology company’s stock worth $469,987,000 after acquiring an additional 956,770 shares during the last quarter. Finally, William Blair Investment Management LLC purchased a new position in BWX Technologies in the second quarter worth approximately $183,211,000. 94.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other BWX Technologies news, CEO Rex D. Geveden sold 10,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $172.50, for a total transaction of $1,725,000.00. Following the completion of the sale, the chief executive officer directly owned 192,491 shares of the company’s stock, valued at approximately $33,204,697.50. This trade represents a 4.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

BWXT has been the topic of a number of recent analyst reports. Wells Fargo & Company raised shares of BWX Technologies from an “underweight” rating to an “equal weight” rating and dropped their price objective for the company from $200.00 to $170.00 in a research report on Thursday. JPMorgan Chase & Co. assumed coverage on shares of BWX Technologies in a research note on Monday, July 27th. They set an “overweight” rating and a $230.00 target price for the company. Weiss Ratings cut BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Truist Financial decreased their price target on BWX Technologies from $212.00 to $202.00 and set a “hold” rating for the company in a report on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft raised BWX Technologies from a “hold” rating to a “buy” rating and raised their target price for the stock from $205.00 to $255.00 in a research report on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $224.20.

BWX Technologies Stock Performance

Shares of BWX Technologies stock opened at $153.12 on Friday. The firm’s fifty day simple moving average is $175.83 and its 200-day simple moving average is $195.80. BWX Technologies, Inc. has a 12 month low of $147.74 and a 12 month high of $241.82. The stock has a market capitalization of $14.03 billion, a price-to-earnings ratio of 39.67, a PEG ratio of 2.44 and a beta of 0.76. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.40 and a quick ratio of 2.33.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, August 3rd. The technology company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. BWX Technologies had a net margin of 10.11% and a return on equity of 30.83%. The firm had revenue of $901.62 million during the quarter, compared to analysts’ expectations of $902.41 million. During the same quarter in the prior year, the business earned $1.02 EPS. BWX Technologies’s quarterly revenue was up 18.0% compared to the same quarter last year. BWX Technologies has set its FY 2026 guidance at 4.700-4.800 EPS. As a group, equities analysts forecast that BWX Technologies, Inc. will post 4.75 earnings per share for the current year.

BWX Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Tuesday, August 18th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.7%. BWX Technologies’s dividend payout ratio (DPR) is currently 27.98%.

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.