Sequoia Financial Advisors LLC Grows Holdings in BWX Technologies, Inc. $BWXT

Sequoia Financial Advisors LLC boosted its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 18.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,999 shares of the technology company’s stock after acquiring an additional 9,425 shares during the period. Sequoia Financial Advisors LLC’s holdings in BWX Technologies were worth $11,873,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in BWXT. California State Teachers Retirement System boosted its position in shares of BWX Technologies by 19,438.2% in the second quarter. California State Teachers Retirement System now owns 20,717,573 shares of the technology company’s stock worth $4,032,676,000 after purchasing an additional 20,611,537 shares during the period. BlackRock Inc. purchased a new position in shares of BWX Technologies during the 2nd quarter valued at $2,359,895,000. Bank of New York Mellon Corp purchased a new position in shares of BWX Technologies during the 2nd quarter valued at $222,587,000. Bank of America Corp DE bought a new position in BWX Technologies in the 2nd quarter worth $202,020,000. Finally, Invesco Ltd. increased its stake in BWX Technologies by 60.1% in the 3rd quarter. Invesco Ltd. now owns 2,549,150 shares of the technology company’s stock worth $469,987,000 after buying an additional 956,770 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Insider Activity

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

BWX Technologies Price Performance

Shares of BWX Technologies stock opened at $152.23 on Friday. The company has a current ratio of 2.40, a quick ratio of 2.33 and a debt-to-equity ratio of 1.51. BWX Technologies, Inc. has a 12 month low of $147.74 and a 12 month high of $241.82. The stock has a 50 day moving average of $168.24 and a 200 day moving average of $192.93. The firm has a market cap of $13.95 billion, a PE ratio of 39.44, a PEG ratio of 2.45 and a beta of 0.75.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, August 3rd. The technology company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 10.11% and a return on equity of 30.83%. BWX Technologies’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period last year, the firm posted $1.02 earnings per share. BWX Technologies has set its FY 2026 guidance at 4.700-4.800 EPS. On average, research analysts expect that BWX Technologies, Inc. will post 4.75 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. started coverage on BWX Technologies in a research note on Monday, July 27th. They issued an “overweight” rating and a $230.00 price objective for the company. Seaport Research Partners raised BWX Technologies from a “neutral” rating to a “buy” rating and set a $245.00 target price on the stock in a research note on Monday, June 22nd. BTIG Research reissued a “buy” rating and issued a $235.00 price target on shares of BWX Technologies in a report on Tuesday, August 4th. Wells Fargo & Company raised shares of BWX Technologies from an “underweight” rating to an “equal weight” rating and cut their price objective for the company from $200.00 to $170.00 in a report on Thursday, August 27th. Finally, Wall Street Zen cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, BWX Technologies currently has an average rating of “Moderate Buy” and an average target price of $220.27.

BWX Technologies Company Profile

BWX Technologies, Inc (NYSE: BWXT) is a technology and manufacturing company that specializes in nuclear components, systems and services. The company primarily serves government and commercial customers in the nuclear energy, national security and medical markets.

BWXT is a major supplier to the U.S. government and supports the U.S. Navy’s nuclear propulsion program by designing and manufacturing nuclear reactors and related components for naval vessels. Its offerings also include nuclear fuel, reactor components, engineering and maintenance services, and technologies intended for advanced and small modular reactors.

Through its commercial and medical businesses, BWXT provides nuclear equipment and services for civilian power generation, produces medical radioisotopes and related technologies, and supports research and other specialized applications.