BWX Technologies, Inc. $BWXT Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 7.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,755 shares of the technology company’s stock after selling 2,212 shares during the quarter. Teacher Retirement System of Texas’ holdings in BWX Technologies were worth $4,142,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in BWXT. Stone House Investment Management LLC acquired a new position in BWX Technologies in the first quarter valued at $31,000. Compass Financial Services Inc acquired a new position in BWX Technologies in the first quarter valued at $33,000. HHM Wealth Advisors LLC increased its stake in BWX Technologies by 34.5% in the first quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company’s stock valued at $38,000 after purchasing an additional 100 shares during the last quarter. National Bank of Canada FI grew its position in BWX Technologies by 369.7% during the first quarter. National Bank of Canada FI now owns 559 shares of the technology company’s stock valued at $55,000 after acquiring an additional 440 shares during the period. Finally, Hazlett Burt & Watson Inc. grew its position in BWX Technologies by 194.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 632 shares of the technology company’s stock valued at $63,000 after acquiring an additional 417 shares during the period. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BWXT shares. Northland Securities started coverage on BWX Technologies in a research report on Wednesday, September 10th. They set an “outperform” rating and a $205.00 price target for the company. Weiss Ratings downgraded BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Truist Financial boosted their price target on BWX Technologies from $145.00 to $173.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. Zacks Research raised BWX Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 price target on BWX Technologies and gave the company a “hold” rating in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.08.

Insider Buying and Selling

In other news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the company’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $177.43, for a total value of $371,183.56. Following the completion of the sale, the senior vice president owned 10,149 shares of the company’s stock, valued at $1,800,737.07. This represents a 17.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Omar Fathi Meguid sold 2,261 shares of the company’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $179.84, for a total value of $406,618.24. Following the completion of the sale, the senior vice president directly owned 2,361 shares of the company’s stock, valued at $424,602.24. The trade was a 48.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 29,953 shares of company stock worth $5,359,758 over the last three months. 0.47% of the stock is currently owned by corporate insiders.

BWX Technologies Price Performance

Shares of NYSE BWXT opened at $213.64 on Friday. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $218.50. The business has a 50-day moving average of $183.78 and a 200-day moving average of $151.67. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. The company has a market capitalization of $19.53 billion, a price-to-earnings ratio of 66.76, a PEG ratio of 4.24 and a beta of 0.78.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.23. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The company had revenue of $764.00 million during the quarter, compared to the consensus estimate of $708.00 million. During the same quarter in the prior year, the business earned $0.82 earnings per share. The company’s revenue was up 12.1% compared to the same quarter last year. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, equities analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

About BWX Technologies

BWX Technologies, Inc, together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments, Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.