Jennison Associates LLC Has $24.27 Million Stake in BWX Technologies, Inc. $BWXT

Jennison Associates LLC lowered its stake in BWX Technologies, Inc. (NYSE:BWXT) by 56.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 118,701 shares of the technology company’s stock after selling 153,431 shares during the quarter. Jennison Associates LLC’s holdings in BWX Technologies were worth $24,273,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Aventura Private Wealth LLC bought a new position in shares of BWX Technologies in the 4th quarter valued at approximately $29,000. WFA of San Diego LLC bought a new stake in BWX Technologies during the second quarter worth approximately $29,000. MV Capital Management Inc. acquired a new position in BWX Technologies during the fourth quarter valued at approximately $32,000. Tucker Asset Management LLC acquired a new position in BWX Technologies during the fourth quarter valued at approximately $36,000. Finally, ORG Partners LLC raised its position in shares of BWX Technologies by 143.2% in the fourth quarter. ORG Partners LLC now owns 231 shares of the technology company’s stock valued at $40,000 after purchasing an additional 136 shares during the period. Institutional investors and hedge funds own 94.39% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BWXT. Wall Street Zen upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Seaport Research Partners raised shares of BWX Technologies from a “neutral” rating to a “buy” rating and set a $245.00 target price for the company in a research report on Monday, June 22nd. Truist Financial raised their price target on BWX Technologies from $205.00 to $212.00 and gave the company a “hold” rating in a research report on Monday, May 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of BWX Technologies in a research report on Friday, May 22nd. Finally, Zacks Research lowered BWX Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given 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 stock has an average rating of “Moderate Buy” and a consensus target price of $228.00.

BWX Technologies Stock Performance

Shares of NYSE BWXT opened at $169.61 on Tuesday. The firm has a market capitalization of $15.54 billion, a price-to-earnings ratio of 45.35, a PEG ratio of 2.92 and a beta of 0.74. BWX Technologies, Inc. has a one year low of $136.18 and a one year high of $241.82. The business has a fifty day simple moving average of $194.03 and a 200 day simple moving average of $202.97. The company has a current ratio of 2.40, a quick ratio of 2.33 and a debt-to-equity ratio of 1.58.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, May 4th. The technology company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.20. BWX Technologies had a net margin of 10.20% and a return on equity of 31.33%. The firm had revenue of $860.22 million for the quarter, compared to analyst estimates of $837.47 million. During the same quarter in the previous year, the firm posted $0.91 EPS. The business’s revenue for the quarter was up 26.1% on a year-over-year basis. BWX Technologies has set its FY 2026 guidance at 4.600-4.750 EPS. Sell-side analysts expect that BWX Technologies, Inc. will post 4.6 EPS for the current year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Tuesday, May 19th were paid a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $1.08 dividend on an annualized basis and a yield of 0.6%. BWX Technologies’s payout ratio is presently 28.88%.

Insider Transactions 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 Tuesday, May 12th. The stock was sold at an average price of $204.81, for a total transaction of $2,048,100.00. Following the completion of the transaction, the chief executive officer owned 202,491 shares in the company, valued at $41,472,181.71. This trade represents a 4.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael Thomas Fitzgerald sold 2,417 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $209.25, for a total value of $505,757.25. Following the completion of the sale, the chief financial officer owned 6,884 shares in the company, valued at $1,440,477. This trade represents a 25.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is owned by company insiders.

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.