Harbor Capital Advisors Inc. decreased its holdings in BWX Technologies, Inc. (NYSE:BWXT – Free Report) by 88.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,750 shares of the technology company’s stock after selling 66,763 shares during the period. Harbor Capital Advisors Inc.’s holdings in BWX Technologies were worth $1,613,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BWXT. Creative Financial Designs Inc. ADV lifted its holdings 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 valued at $25,000 after buying an additional 125 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of BWX Technologies by 861.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 202 shares of the technology company’s stock worth $29,000 after purchasing an additional 181 shares in the last quarter. WFA of San Diego LLC purchased a new position in shares of BWX Technologies in the second quarter worth $29,000. Compass Financial Services Inc purchased a new stake in shares of BWX Technologies in the 1st quarter valued at $33,000. Finally, Parkside Financial Bank & Trust boosted its stake in BWX Technologies by 60.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 390 shares of the technology company’s stock worth $56,000 after purchasing an additional 147 shares during the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.
BWX Technologies Trading Down 0.7%
Shares of BWXT opened at $175.88 on Friday. The firm has a market cap of $16.08 billion, a price-to-earnings ratio of 52.82, a PEG ratio of 3.47 and a beta of 0.85. The firm has a 50 day moving average price of $185.97 and a 200-day moving average price of $170.50. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.62 and a current ratio of 1.71. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $218.50.
BWX Technologies Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 19th were paid a $0.25 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $1.00 annualized dividend and a yield of 0.6%. BWX Technologies’s payout ratio is presently 30.03%.
Insider Buying and Selling at BWX Technologies
In other news, CEO Rex D. Geveden sold 10,000 shares of BWX Technologies 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 completion of the transaction, the chief executive officer owned 187,594 shares in the company, valued at approximately $37,124,852.60. The trade was a 5.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.47% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. Northland Securities set a $225.00 price objective on shares of BWX Technologies in a report on Tuesday, November 4th. Bank of America increased their price target on BWX Technologies from $220.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. William Blair reaffirmed an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, September 17th. Wall Street Zen raised BWX Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, CJS Securities upgraded BWX Technologies to a “strong-buy” rating in a research report on Friday, December 12th. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $196.23.
View Our Latest Stock Analysis on BWXT
BWX Technologies Company 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.
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