Bank of New York Mellon Corp Sells 171,818 Shares of BWX Technologies, Inc. $BWXT

Bank of New York Mellon Corp trimmed its position in BWX Technologies, Inc. (NYSE:BWXT) by 13.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,142,392 shares of the technology company’s stock after selling 171,818 shares during the period. Bank of New York Mellon Corp’s holdings in BWX Technologies were worth $210,623,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in BWXT. Creative Financial Designs Inc. ADV boosted its holdings in BWX Technologies by 250.0% in the second quarter. Creative Financial Designs Inc. ADV now owns 175 shares of the technology company’s stock valued at $25,000 after acquiring an additional 125 shares during the last quarter. Hantz Financial Services Inc. lifted its position in BWX Technologies by 861.9% during the 2nd 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 bought a new position in shares of BWX Technologies in the 2nd quarter valued at about $29,000. Global Trust Asset Management LLC bought a new position in shares of BWX Technologies in the 3rd quarter valued at about $32,000. Finally, Quent Capital LLC acquired a new stake in shares of BWX Technologies during the 3rd quarter worth approximately $43,000. Institutional investors own 94.39% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BWXT. Wall Street Zen upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Truist Financial set a $205.00 price target on BWX Technologies in a research note on Friday, January 9th. Northland Securities set a $225.00 price target on BWX Technologies in a research report on Tuesday, November 4th. Zacks Research upgraded BWX Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Finally, CJS Securities raised BWX Technologies to a “strong-buy” rating in a research note on Friday, December 12th. Three equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, BWX Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $199.20.

Insider Activity

In related news, CEO Rex D. Geveden sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $197.90, for a total transaction of $1,979,000.00. Following the sale, the chief executive officer directly owned 187,594 shares in the company, valued at $37,124,852.60. This trade represents a 5.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.47% of the stock is owned by corporate insiders.

BWX Technologies Trading Down 2.3%

NYSE BWXT opened at $205.36 on Friday. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $220.57. 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 firm has a market cap of $18.78 billion, a P/E ratio of 61.67, a P/E/G ratio of 3.38 and a beta of 0.86. The stock’s 50-day moving average is $188.21 and its 200-day moving average is $180.86.

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

BWX Technologies 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.