Oak Hill Wealth Advisors LLC Has $323,000 Holdings in BWX Technologies, Inc. $BWXT

Oak Hill Wealth Advisors LLC cut its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 29.9% in the second quarter, HoldingsChannel reports. The fund owned 2,350 shares of the technology company’s stock after selling 1,000 shares during the quarter. Oak Hill Wealth Advisors LLC’s holdings in BWX Technologies were worth $323,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of BWXT. T. Rowe Price Investment Management Inc. boosted its position in BWX Technologies by 19.7% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,503,679 shares of the technology company’s stock worth $444,288,000 after acquiring an additional 741,282 shares during the period. Westwood Holdings Group Inc. boosted its position in BWX Technologies by 279.0% during the 1st quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company’s stock worth $94,562,000 after acquiring an additional 705,648 shares during the period. Blair William & Co. IL boosted its position in BWX Technologies by 84.3% during the 1st quarter. Blair William & Co. IL now owns 782,991 shares of the technology company’s stock worth $77,242,000 after acquiring an additional 358,170 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in BWX Technologies by 6,116.6% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 323,326 shares of the technology company’s stock worth $31,896,000 after acquiring an additional 318,125 shares during the period. Finally, Nikko Asset Management Americas Inc. acquired a new stake in BWX Technologies during the 1st quarter worth about $31,318,000. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Stock Up 0.6%

BWXT opened at $186.82 on Friday. The business has a 50 day moving average price of $169.73 and a 200 day moving average price of $137.18. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $190.01. 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 market cap of $17.08 billion, a P/E ratio of 58.38, a price-to-earnings-growth ratio of 4.21 and a beta of 0.78.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, August 4th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $708.00 million. During the same period in the previous year, the company earned $0.82 earnings per share. The company’s quarterly 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. Research analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Monday, August 18th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, August 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. BWX Technologies’s payout ratio is 31.25%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Northland Securities assumed coverage on BWX Technologies in a research report on Wednesday, September 10th. They set an “outperform” rating and a $205.00 price objective for the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $150.00 price target (up from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. William Blair reiterated an “outperform” rating on shares of BWX Technologies in a report on Wednesday, September 17th. Wedbush reiterated an “outperform” rating on shares of BWX Technologies in a report on Wednesday. Finally, Maxim Group reiterated a “hold” rating on shares of BWX Technologies in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.83.

Insiders Place Their Bets

In other news, Director Leland D. Melvin sold 600 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $178.26, for a total transaction of $106,956.00. Following the completion of the transaction, the director directly owned 5,579 shares in the company, valued at $994,512.54. The trade was a 9.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rex D. Geveden sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $179.00, for a total value of $4,475,000.00. Following the transaction, the chief executive officer owned 197,594 shares of the company’s stock, valued at approximately $35,369,326. This trade represents a 11.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,953 shares of company stock valued at $5,359,758 in the last three months. 0.47% of the stock is owned by corporate insiders.

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.