VELA Investment Management LLC Sells 3,320 Shares of BWX Technologies, Inc. $BWXT

VELA Investment Management LLC cut its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 19.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,701 shares of the technology company’s stock after selling 3,320 shares during the quarter. VELA Investment Management LLC’s holdings in BWX Technologies were worth $2,526,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BWXT. Corient Private Wealth LLC raised its position in BWX Technologies by 1.2% in the 2nd quarter. Corient Private Wealth LLC now owns 5,880 shares of the technology company’s stock worth $847,000 after buying an additional 69 shares during the last quarter. HHM Wealth Advisors LLC boosted its holdings in shares of BWX Technologies by 17.9% during the 2nd quarter. HHM Wealth Advisors LLC now owns 460 shares of the technology company’s stock valued at $66,000 after acquiring an additional 70 shares during the last quarter. JT Stratford LLC grew its stake in shares of BWX Technologies by 2.5% in the second quarter. JT Stratford LLC now owns 2,927 shares of the technology company’s stock worth $422,000 after acquiring an additional 72 shares during the period. Intrua Financial LLC raised its holdings in shares of BWX Technologies by 3.6% during the third quarter. Intrua Financial LLC now owns 2,531 shares of the technology company’s stock valued at $467,000 after purchasing an additional 89 shares during the last quarter. Finally, Oakworth Capital Inc. lifted its position in BWX Technologies by 10.0% during the second quarter. Oakworth Capital Inc. now owns 1,105 shares of the technology company’s stock valued at $159,000 after purchasing an additional 100 shares during the period. 94.39% of the stock is owned by institutional investors.

BWX Technologies Trading Up 1.6%

Shares of BWX Technologies stock opened at $209.36 on Thursday. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.71 and a quick ratio of 1.62. The stock has a market capitalization of $19.14 billion, a PE ratio of 62.87, a P/E/G ratio of 3.31 and a beta of 0.86. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $220.57. The company’s fifty day simple moving average is $183.57 and its 200-day simple moving average is $177.70.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, November 3rd. The technology company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.15. BWX Technologies had a return on equity of 30.70% and a net margin of 10.04%.The business had revenue of $866.29 million during the quarter, compared to analyst estimates of $795.48 million. During the same quarter in the previous year, the company posted $0.83 earnings per share. BWX Technologies’s revenue for the quarter was up 28.9% on a year-over-year basis. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. As a group, equities analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders 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 yield of 0.5%. BWX Technologies’s payout ratio is currently 30.03%.

Insiders Place Their Bets

In related news, CEO Rex D. Geveden sold 10,000 shares of the company’s stock in a transaction 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 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 this link. Corporate insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

BWXT has been the topic of several research reports. Exane BNP Paribas upgraded shares of BWX Technologies to a “hold” rating in a report on Thursday, January 15th. Wedbush restated an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, October 1st. Truist Financial set a $205.00 price objective on BWX Technologies in a report on Friday, January 9th. Weiss Ratings upgraded BWX Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Finally, CJS Securities raised BWX Technologies to a “strong-buy” rating in a report on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, BWX Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.20.

BWX Technologies Company Profile

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.