Nicholas Investment Partners LP Purchases New Position in BWX Technologies, Inc. $BWXT

Nicholas Investment Partners LP purchased a new position in BWX Technologies, Inc. (NYSE:BWXT) in the second quarter, HoldingsChannel reports. The fund purchased 272,395 shares of the technology company’s stock, valued at approximately $53,022,000. BWX Technologies makes up approximately 3.0% of Nicholas Investment Partners LP’s portfolio, making the stock its largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Goldman Sachs Group Inc. raised its position in shares of BWX Technologies by 0.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 141,680 shares of the technology company’s stock worth $13,977,000 after acquiring an additional 371 shares in the last quarter. Caxton Associates LLP purchased a new stake in BWX Technologies in the first quarter worth $304,000. Flow Traders U.S. LLC purchased a new stake in BWX Technologies in the second quarter worth $404,000. NewEdge Advisors LLC lifted its position in BWX Technologies by 670.0% during the second quarter. NewEdge Advisors LLC now owns 7,030 shares of the technology company’s stock valued at $1,013,000 after buying an additional 6,117 shares during the period. Finally, Sei Investments Co. lifted its position in BWX Technologies by 44.9% during the second quarter. Sei Investments Co. now owns 256,969 shares of the technology company’s stock valued at $37,018,000 after buying an additional 79,646 shares during the period. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on BWXT shares. BTIG Research reaffirmed a “buy” rating and issued a $235.00 target price on shares of BWX Technologies in a research report on Tuesday, August 4th. JPMorgan Chase & Co. initiated coverage on shares of BWX Technologies in a research report on Monday, July 27th. They set an “overweight” rating and a $230.00 price target for the company. Deutsche Bank Aktiengesellschaft raised shares of BWX Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $205.00 to $255.00 in a research note on Friday, May 15th. Zacks Research cut shares of BWX Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, Truist Financial decreased their target price on shares of BWX Technologies from $212.00 to $202.00 and set a “hold” rating for the company in a research note on Friday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $227.20.

Insider Buying and Selling at BWX Technologies

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

BWX Technologies Trading Down 4.7%

NYSE BWXT opened at $149.40 on Tuesday. BWX Technologies, Inc. has a 12 month low of $149.16 and a 12 month high of $241.82. The company has a current ratio of 2.40, a quick ratio of 2.33 and a debt-to-equity ratio of 1.51. The stock’s fifty day moving average price is $179.81 and its 200-day moving average price is $196.91. The stock has a market cap of $13.69 billion, a P/E ratio of 38.71, a P/E/G ratio of 2.45 and a beta of 0.76.

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

BWX Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Tuesday, August 18th will be issued a dividend of $0.27 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.7%. BWX Technologies’s dividend payout ratio is presently 27.98%.

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.