Westwood Holdings Group Inc. Cuts Stock Holdings in BWX Technologies, Inc. $BWXT

Westwood Holdings Group Inc. trimmed its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 31.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 654,645 shares of the technology company’s stock after selling 303,918 shares during the quarter. Westwood Holdings Group Inc.’s holdings in BWX Technologies were worth $94,308,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in BWXT. Intrua Financial LLC boosted its position in BWX Technologies by 3.9% during the 1st quarter. Intrua Financial LLC now owns 2,625 shares of the technology company’s stock worth $259,000 after purchasing an additional 99 shares during the period. HHM Wealth Advisors LLC grew its stake in shares of 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 buying an additional 100 shares in the last quarter. Oakworth Capital Inc. lifted its position in BWX Technologies by 10.0% during the 2nd quarter. Oakworth Capital Inc. now owns 1,105 shares of the technology company’s stock worth $159,000 after acquiring an additional 100 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in BWX Technologies by 0.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 25,700 shares of the technology company’s stock worth $3,702,000 after acquiring an additional 100 shares during the period. Finally, State of Michigan Retirement System grew its position in BWX Technologies by 0.5% in the second quarter. State of Michigan Retirement System now owns 22,000 shares of the technology company’s stock valued at $3,169,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Price Performance

Shares of NYSE BWXT opened at $177.57 on Friday. The stock has a market cap of $16.23 billion, a P/E ratio of 55.49, a P/E/G ratio of 4.24 and a beta of 0.78. The firm’s 50-day simple moving average is $190.10 and its 200 day simple moving average is $157.92. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $218.50. The company has a quick ratio of 1.60, a current ratio of 1.69 and a debt-to-equity ratio of 1.28.

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

BWX Technologies Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, November 19th. BWX Technologies’s payout ratio is currently 30.03%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BWXT shares. Bank of America raised their price target on shares of BWX Technologies from $220.00 to $230.00 and gave the company a “buy” rating in a report on Thursday. Maxim Group reiterated a “hold” rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Northland Capmk upgraded BWX Technologies to a “strong-buy” rating in a report on Tuesday, September 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of BWX Technologies in a report on Thursday. Finally, Wedbush restated an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, October 1st. Three analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $184.83.

Insiders Place Their Bets

In other BWX Technologies news, CEO Rex D. Geveden sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $197.90, for a total value of $1,979,000.00. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.47% of the stock is owned by corporate insiders.

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.