Whalen Wealth Management Inc. Takes $918,000 Position in BWX Technologies, Inc. $BWXT

Whalen Wealth Management Inc. acquired a new stake in BWX Technologies, Inc. (NYSE:BWXT) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,980 shares of the technology company’s stock, valued at approximately $918,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ARK Investment Management LLC raised its holdings 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 period. GAMMA Investing LLC grew its position 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 valued at $298,000 after purchasing an additional 473 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake 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 worth $6,686,000 after purchasing an additional 3,087 shares during the period. Curi RMB Capital LLC lifted its position in shares of BWX Technologies by 3.5% during the 1st quarter. Curi RMB Capital LLC now owns 70,384 shares of the technology company’s stock worth $6,943,000 after purchasing an additional 2,379 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey lifted its position in shares of BWX Technologies by 4.7% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 34,636 shares of the technology company’s stock worth $4,990,000 after purchasing an additional 1,548 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Stock Up 1.5%

Shares of NYSE BWXT opened at $170.67 on Friday. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $218.50. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.62 and a current ratio of 1.71. The business has a fifty day moving average of $188.80 and a two-hundred day moving average of $168.50. The stock has a market cap of $15.60 billion, a PE ratio of 51.25, a PEG ratio of 3.29 and a beta of 0.85.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, November 3rd. The technology company reported $1.00 earnings per share for the quarter, topping 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 10.04% and a return on equity of 30.70%. The firm’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.83 EPS. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. As a group, equities research analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. BWX Technologies’s dividend payout ratio (DPR) is presently 30.03%.

Wall Street Analysts Forecast Growth

BWXT has been the topic of a number of research analyst reports. Wall Street Zen raised BWX Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Northland Securities set a $225.00 price objective on BWX Technologies in a research report on Tuesday, November 4th. Truist Financial boosted their target price on shares of BWX Technologies from $173.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, November 4th. CJS Securities upgraded shares of BWX Technologies to a “strong-buy” rating in a research note on Friday, December 12th. Finally, Northland Capmk upgraded shares of BWX Technologies to a “strong-buy” rating in a research report on Tuesday, September 9th. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, BWX Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $196.23.

Insider Activity

In other news, CEO Rex D. Geveden sold 10,000 shares of BWX Technologies stock in a transaction that occurred on 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 transaction, the chief executive officer owned 187,594 shares in the company, valued at approximately $37,124,852.60. The trade was a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.47% of the company’s stock.

BWX Technologies 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.