Loomis Sayles & Co. L P Has $35.76 Million Stake in BWX Technologies, Inc. $BWXT

Loomis Sayles & Co. L P decreased its position in BWX Technologies, Inc. (NYSE:BWXT) by 15.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 248,259 shares of the technology company’s stock after selling 44,156 shares during the quarter. Loomis Sayles & Co. L P owned about 0.27% of BWX Technologies worth $35,764,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BWXT. ARK Investment Management LLC lifted its position in BWX Technologies by 426.5% during 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. Sequoia Financial Advisors LLC grew its position in shares of BWX Technologies by 7.1% in the second quarter. Sequoia Financial Advisors LLC now owns 46,409 shares of the technology company’s stock valued at $6,686,000 after purchasing an additional 3,087 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of BWX Technologies by 29.6% in the second quarter. GAMMA Investing LLC now owns 2,071 shares of the technology company’s stock worth $298,000 after purchasing an additional 473 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of BWX Technologies by 52.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,460 shares of the technology company’s stock worth $1,131,000 after purchasing an additional 3,950 shares during the last quarter. Finally, HB Wealth Management LLC acquired a new position in shares of BWX Technologies during the 1st quarter worth about $353,000. Institutional investors own 94.39% of the company’s stock.

Analyst Upgrades and Downgrades

BWXT has been the topic of several recent analyst reports. Bank of America lifted their price target on BWX Technologies from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. William Blair restated an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, September 17th. Wedbush reaffirmed an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, October 1st. Maxim Group reissued a “hold” rating on shares of BWX Technologies in a report on Wednesday, August 6th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of BWX Technologies in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $184.83.

BWX Technologies Trading Up 0.5%

Shares of BWXT stock opened at $179.04 on Friday. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $218.50. The stock has a market cap of $16.37 billion, a price-to-earnings ratio of 55.95, a P/E/G ratio of 4.24 and a beta of 0.78. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69. The firm has a fifty day moving average of $191.36 and a 200-day moving average of $162.94.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, November 3rd. The technology company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.15. The business had revenue of $866.29 million for the quarter, compared to analyst estimates of $795.48 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The firm’s revenue was up 28.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.83 EPS. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. On average, equities research analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Wednesday, November 19th. BWX Technologies’s dividend payout ratio is currently 30.03%.

Insider Buying and Selling at BWX Technologies

In other news, CEO Rex D. Geveden sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $197.90, for a total value of $1,979,000.00. Following the completion of the transaction, the chief executive officer directly owned 187,594 shares of the company’s stock, valued at approximately $37,124,852.60. This represents a 5.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.47% of the company’s stock.

BWX Technologies Company Profile

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.