Parallax Volatility Advisers L.P. acquired a new position in BWX Technologies, Inc. (NYSE:BWXT – Free Report) in the second quarter, Holdings Channel reports. The institutional investor acquired 4,904 shares of the technology company’s stock, valued at approximately $955,000.
Several other large investors have also recently modified their holdings of BWXT. WFA of San Diego LLC purchased a new position in shares of BWX Technologies during the second quarter worth approximately $29,000. MV Capital Management Inc. purchased a new stake in BWX Technologies during the 4th quarter worth approximately $32,000. Tucker Asset Management LLC purchased a new position in shares of BWX Technologies in the fourth quarter worth about $36,000. Vermillion Wealth Management Inc. lifted its stake in BWX Technologies by 71.7% during the 4th quarter. Vermillion Wealth Management Inc. now owns 237 shares of the technology company’s stock valued at $41,000 after acquiring an additional 99 shares during the period. Finally, Smithfield Trust Co raised its stake in shares of BWX Technologies by 52.1% during the 4th quarter. Smithfield Trust Co now owns 251 shares of the technology company’s stock valued at $44,000 after buying an additional 86 shares during the last quarter. Institutional investors own 94.39% of the company’s stock.
BWX Technologies Trading Up 2.4%
Shares of BWXT opened at $153.35 on Thursday. The company has a current ratio of 2.40, a quick ratio of 2.33 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $14.05 billion, a P/E ratio of 39.73, a PEG ratio of 2.34 and a beta of 0.76. The firm’s 50-day moving average is $177.86 and its two-hundred day moving average is $196.39. BWX Technologies, Inc. has a twelve month low of $147.74 and a twelve month high of $241.82.
BWX Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Tuesday, August 18th will be paid a $0.27 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.7%. BWX Technologies’s dividend payout ratio (DPR) is 27.98%.
Insider Transactions at BWX Technologies
In related news, CEO Rex D. Geveden sold 10,000 shares of BWX Technologies stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $172.50, for a total transaction of $1,725,000.00. Following the sale, the chief executive officer owned 192,491 shares of the company’s stock, valued at $33,204,697.50. The trade was a 4.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by company insiders.
Analyst Ratings Changes
Several equities analysts recently weighed in on BWXT shares. BTIG Research restated a “buy” rating and issued a $235.00 price target on shares of BWX Technologies in a research note on Tuesday, August 4th. Zacks Research cut BWX Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Weiss Ratings upgraded shares of BWX Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 12th. Truist Financial dropped their price objective on shares of BWX Technologies from $212.00 to $202.00 and set a “hold” rating for the company in a report on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded BWX Technologies from a “hold” rating to a “buy” rating and upped their price target for the stock from $205.00 to $255.00 in a report on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, BWX Technologies has an average rating of “Moderate Buy” and a consensus target price of $227.20.
Get Our Latest Report on BWX Technologies
About BWX Technologies
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.
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