California State Teachers Retirement System Has $4.03 Billion Holdings in BWX Technologies, Inc. $BWXT

California State Teachers Retirement System lifted its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 19,438.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 20,717,573 shares of the technology company’s stock after purchasing an additional 20,611,537 shares during the period. California State Teachers Retirement System owned 22.61% of BWX Technologies worth $4,032,676,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of BWXT. BlackRock Inc. acquired a new stake in BWX Technologies during the 2nd quarter worth $2,359,895,000. Bank of New York Mellon Corp acquired a new stake in shares of BWX Technologies in the 2nd quarter valued at approximately $222,587,000. Bank of America Corp DE bought a new position in shares of BWX Technologies in the 2nd quarter valued at about $202,020,000. Invesco Ltd. grew its holdings in BWX Technologies by 60.1% during the third quarter. Invesco Ltd. now owns 2,549,150 shares of the technology company’s stock worth $469,987,000 after purchasing an additional 956,770 shares during the period. Finally, William Blair Investment Management LLC acquired a new position in shares of BWX Technologies during the 2nd quarter worth approximately $183,211,000. Institutional investors and hedge funds own 94.39% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BWXT. Wall Street Zen cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Jefferies Financial Group started coverage on shares of BWX Technologies in a report on Thursday, September 3rd. They issued a “buy” rating and a $181.00 price target on the stock. JPMorgan Chase & Co. began coverage on shares of BWX Technologies in a research report on Monday, July 27th. They set an “overweight” rating and a $230.00 price objective for the company. Truist Financial reduced their price objective on 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 raised BWX Technologies from a “hold” rating to a “buy” rating and upped their target price for the company from $205.00 to $255.00 in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, BWX Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.27.

BWX Technologies Stock Performance

NYSE BWXT opened at $152.23 on Friday. The firm has a 50-day moving average price of $168.24 and a two-hundred day moving average price of $192.93. BWX Technologies, Inc. has a 12-month low of $147.74 and a 12-month high of $241.82. The company has a market capitalization of $13.95 billion, a P/E ratio of 39.44, a P/E/G ratio of 2.45 and a beta of 0.75. The company has a quick ratio of 2.33, a current ratio of 2.40 and a debt-to-equity ratio of 1.51.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, August 3rd. The technology company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.04 by $0.03. BWX Technologies had a net margin of 10.11% and a return on equity of 30.83%. The company had revenue of $901.62 million for the quarter, compared to analysts’ expectations of $902.41 million. During the same period last year, the firm earned $1.02 earnings per share. The business’s revenue for the quarter was up 18.0% on a year-over-year basis. BWX Technologies has set its FY 2026 guidance at 4.700-4.800 EPS. Analysts anticipate that BWX Technologies, Inc. will post 4.75 earnings per share for the current year.

BWX Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, August 18th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 18th. BWX Technologies’s dividend payout ratio is 27.98%.

Insider Activity

In related news, CEO Rex D. Geveden sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $172.50, for a total value of $1,725,000.00. Following the transaction, the chief executive officer owned 192,491 shares in the company, valued at approximately $33,204,697.50. This trade represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.60% of the company’s stock.

BWX Technologies Company Profile

BWX Technologies, Inc (NYSE: BWXT) is a technology and manufacturing company that specializes in nuclear components, systems and services. The company primarily serves government and commercial customers in the nuclear energy, national security and medical markets.

BWXT is a major supplier to the U.S. government and supports the U.S. Navy’s nuclear propulsion program by designing and manufacturing nuclear reactors and related components for naval vessels. Its offerings also include nuclear fuel, reactor components, engineering and maintenance services, and technologies intended for advanced and small modular reactors.

Through its commercial and medical businesses, BWXT provides nuclear equipment and services for civilian power generation, produces medical radioisotopes and related technologies, and supports research and other specialized applications.