BWX Technologies, Inc. $BWXT Shares Sold by Minneapolis Portfolio Management Group LLC

Minneapolis Portfolio Management Group LLC trimmed its position in BWX Technologies, Inc. (NYSE:BWXT) by 16.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 200,748 shares of the technology company’s stock after selling 38,300 shares during the period. BWX Technologies accounts for 4.2% of Minneapolis Portfolio Management Group LLC’s investment portfolio, making the stock its 8th biggest holding. Minneapolis Portfolio Management Group LLC’s holdings in BWX Technologies were worth $37,012,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV lifted its position in BWX Technologies by 250.0% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 175 shares of the technology company’s stock worth $25,000 after acquiring an additional 125 shares during the period. Hantz Financial Services Inc. increased its holdings in shares of BWX Technologies by 861.9% in the second quarter. Hantz Financial Services Inc. now owns 202 shares of the technology company’s stock valued at $29,000 after purchasing an additional 181 shares during the period. WFA of San Diego LLC purchased a new position in shares of BWX Technologies in the second quarter worth about $29,000. Global Trust Asset Management LLC acquired a new stake in shares of BWX Technologies during the third quarter worth about $32,000. Finally, Quent Capital LLC acquired a new stake in shares of BWX Technologies during the third quarter worth about $43,000. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Insider Transactions at BWX Technologies

In other BWX Technologies news, CEO Rex D. Geveden sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $197.90, for a total value of $1,979,000.00. Following the sale, the chief executive officer directly owned 187,594 shares of the company’s stock, valued at approximately $37,124,852.60. This trade represents a 5.06% 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 hyperlink. Corporate insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

BWXT has been the topic of several research reports. Wall Street Zen upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Wedbush reaffirmed an “outperform” rating on shares of BWX Technologies in a report on Wednesday, October 1st. Bank of America raised their target price on shares of BWX Technologies from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft set a $180.00 price target on shares of BWX Technologies and gave the company a “hold” rating in a report on Wednesday, October 8th. Finally, Northland Securities set a $225.00 price objective on BWX Technologies in a research note on Tuesday, November 4th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $200.96.

BWX Technologies Stock Performance

Shares of NYSE BWXT opened at $217.85 on Friday. The company has a market capitalization of $19.92 billion, a PE ratio of 65.42, a price-to-earnings-growth ratio of 3.43 and a beta of 0.86. 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 company’s fifty day moving average price is $182.74 and its 200 day moving average price is $176.05. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $220.57.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings data on Monday, November 3rd. The technology company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.15. The company had revenue of $866.29 million during the quarter, compared to analysts’ expectations of $795.48 million. BWX Technologies had a net margin of 10.04% and a return on equity of 30.70%. During the same quarter in the previous year, the company earned $0.83 earnings per share. The firm’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. On average, research analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. BWX Technologies’s dividend payout ratio is presently 30.03%.

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.