BWX Technologies (NYSE:BWXT) CEO Rex Geveden Sells 10,000 Shares

BWX Technologies, Inc. (NYSE:BWXT) CEO Rex Geveden sold 10,000 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $203.26, for a total transaction of $2,032,600.00. Following the completion of the sale, the chief executive officer directly owned 177,594 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

BWX Technologies Stock Performance

NYSE:BWXT opened at $200.31 on Friday. The firm’s 50-day moving average is $192.65 and its 200-day moving average is $184.75. The company has a market cap of $18.31 billion, a price-to-earnings ratio of 60.15, a PEG ratio of 3.16 and a beta of 0.84. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.62 and a current ratio of 1.71. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $220.57.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BWXT. Weiss Ratings downgraded BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 26th. BTIG Research upped their target price on BWX Technologies from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Truist Financial set a $205.00 price target on shares of BWX Technologies in a research note on Friday, January 9th. BNP Paribas Exane started coverage on shares of BWX Technologies in a report on Thursday, January 15th. They issued a “neutral” rating and a $215.00 price target on the stock. Finally, Bank of America raised their price objective on shares of BWX Technologies from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Three analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, BWX Technologies currently has an average rating of “Moderate Buy” and an average target price of $199.20.

Hedge Funds Weigh In On BWX Technologies

A number of large investors have recently modified their holdings of the stock. ARK Investment Management LLC increased its stake in BWX Technologies by 426.5% in the 2nd quarter. ARK Investment Management LLC now owns 641,049 shares of the technology company’s stock worth $92,350,000 after acquiring an additional 519,285 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of BWX Technologies by 26.0% in 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 purchasing an additional 239,292 shares in the last quarter. Eos Management L.P. increased its position in BWX Technologies by 27.9% in the third quarter. Eos Management L.P. now owns 25,894 shares of the technology company’s stock worth $4,774,000 after purchasing an additional 5,644 shares during the last quarter. Principal Financial Group Inc. raised its stake in BWX Technologies by 51.1% during the third quarter. Principal Financial Group Inc. now owns 313,192 shares of the technology company’s stock valued at $57,743,000 after purchasing an additional 105,879 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of BWX Technologies by 4.7% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 34,636 shares of the technology company’s stock valued at $4,990,000 after acquiring an additional 1,548 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

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.