Comerica Bank Sells 6,173 Shares of BWX Technologies, Inc. $BWXT
by Jessica Moore · The Cerbat GemComerica Bank lessened its position in shares of BWX Technologies, Inc. (NYSE:BWXT – Free Report) by 16.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,032 shares of the technology company’s stock after selling 6,173 shares during the period. Comerica Bank’s holdings in BWX Technologies were worth $5,536,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its stake in shares of BWX Technologies by 26.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,159,033 shares of the technology company’s stock valued at $213,691,000 after buying an additional 239,292 shares during the last quarter. Eos Management L.P. raised its stake in shares of BWX Technologies by 27.9% during the 3rd quarter. Eos Management L.P. now owns 25,894 shares of the technology company’s stock valued at $4,774,000 after buying an additional 5,644 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of BWX Technologies by 51.1% during the 3rd quarter. Principal Financial Group Inc. now owns 313,192 shares of the technology company’s stock valued at $57,743,000 after buying an additional 105,879 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of BWX Technologies during the 4th quarter valued at about $9,754,000. Finally, Thrivent Financial for Lutherans raised its stake in shares of BWX Technologies by 7.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 669,636 shares of the technology company’s stock valued at $123,460,000 after buying an additional 45,667 shares during the last quarter. Institutional investors own 94.39% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on BWXT shares. BTIG Research raised their target price on BWX Technologies from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. BNP Paribas Exane started coverage on BWX Technologies in a research report on Thursday, January 15th. They set a “neutral” rating and a $215.00 target price on the stock. Wall Street Zen cut BWX Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Bank of America raised their target price on BWX Technologies from $230.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, March 25th. Finally, Wells Fargo & Company started coverage on BWX Technologies in a research report on Wednesday, April 1st. They set an “underweight” rating and a $200.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $207.60.
View Our Latest Analysis on BWX Technologies
Insiders Place Their Bets
In other news, CEO Rex D. Geveden sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $203.26, for a total transaction of $2,032,600.00. Following the transaction, the chief executive officer directly owned 177,594 shares in the company, valued at $36,097,756.44. The trade was a 5.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Kevin James Gorman sold 1,344 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $214.71, for a total value of $288,570.24. Following the transaction, the chief accounting officer owned 114 shares in the company, valued at approximately $24,476.94. This represents a 92.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 13,327 shares of company stock worth $2,734,844. Corporate insiders own 0.60% of the company’s stock.
BWX Technologies Price Performance
NYSE:BWXT opened at $216.37 on Friday. BWX Technologies, Inc. has a 12 month low of $102.42 and a 12 month high of $241.82. The stock has a 50 day moving average of $212.42 and a two-hundred day moving average of $199.56. The company has a current ratio of 2.32, a quick ratio of 2.25 and a debt-to-equity ratio of 1.64. The firm has a market cap of $19.82 billion, a P/E ratio of 60.61, a price-to-earnings-growth ratio of 3.74 and a beta of 0.78.
BWX Technologies (NYSE:BWXT – Get Free Report) last posted its quarterly earnings data on Monday, February 23rd. The technology company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.91 by $0.17. BWX Technologies had a return on equity of 30.94% and a net margin of 10.28%.The company had revenue of $885.84 million during the quarter, compared to analyst estimates of $837.47 million. During the same period in the previous year, the business earned $0.92 EPS. BWX Technologies’s quarterly revenue was up 18.7% on a year-over-year basis. BWX Technologies has set its FY 2026 guidance at 4.550-4.700 EPS. On average, analysts expect that BWX Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.
BWX Technologies Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Wednesday, March 11th were paid a dividend of $0.27 per share. This is an increase from BWX Technologies’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, March 11th. This represents a $1.08 annualized dividend and a yield of 0.5%. BWX Technologies’s dividend payout ratio (DPR) is presently 30.25%.
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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