Anchor Capital Advisors LLC has significantly reduced its investment in BWX Technologies, Inc., selling 113,464 shares during the third quarter of 2023. According to filings with the Securities and Exchange Commission, this reduction brings Anchor’s total holdings to 199,651 shares, valued at approximately $36.81 million. This cut represents a 36.2% decrease in their position in the technology company, which is publicly traded on the NYSE under the ticker symbol BWXT.
Several other institutional investors have also made moves regarding their positions in BWX Technologies. Notably, Valeo Financial Advisors LLC increased its holdings by an astounding 33,572% during the second quarter, now owning 1,517,599 shares valued at about $2.23 million. Artisan Partners Limited Partnership acquired a new stake in BWX Technologies, worth approximately $183.86 million. Similarly, William Blair Investment Management LLC boosted its holdings by 523.2%, owning shares now valued at $218.59 million after purchasing an additional 1,273,895 shares. Invesco Ltd. also increased its stake by 139%, now holding shares valued at $229.40 million.
As of the latest reports, institutional investors collectively own 94.39% of BWX Technologies’ stock.
Insider Transactions and Stock Performance
In a separate transaction, CEO Rex D. Geveden sold 10,000 shares on November 12, 2023, at an average price of $197.90, amounting to $1.98 million in proceeds. Following this sale, Geveden holds 187,594 shares, now valued at approximately $37.12 million. This transaction represents a 5.06% decrease in his ownership stake. Such insider activity is disclosed through SEC filings, which are publicly accessible.
BWX Technologies’ stock opened at $206.19 on the market, experiencing a decline of 5.4% on the day of reporting. The company’s stock performance is reflected by its fifty-day moving average of $183.32 and a 200-day moving average of $177.48. BWX Technologies currently boasts a market capitalization of $18.85 billion, a price-to-earnings ratio of 61.92, and a beta of 0.86. The company has recorded a 52-week low of $84.21 and a high of $220.57.
Recent Earnings and Future Outlook
On November 3, 2023, BWX Technologies reported earnings of $1.00 per share, surpassing the consensus estimate of $0.85 by $0.15. The company achieved a revenue of $866.29 million for the quarter, significantly exceeding analyst expectations of $795.48 million. This represents a year-on-year revenue increase of 28.9%, while the company had earned $0.83 per share in the same period last year. For the fiscal year 2025, BWX Technologies has set its earnings guidance at $3.75 to $3.80 per share.
In addition to its financial performance, BWX Technologies has declared a quarterly dividend of $0.25, which was distributed on December 10, 2023, to shareholders of record on November 19, 2023. This translates to an annualized dividend of $1.00 and a yield of 0.5%. The company’s current dividend payout ratio stands at 30.03%.
BWX Technologies, Inc. is recognized as a specialized supplier of nuclear components and services, predominantly serving the U.S. government and commercial sectors. Its primary focus includes the design, fabrication, and servicing of nuclear propulsion systems for the U.S. Navy, along with the development of small modular reactors (SMRs) and medical radioisotopes for diagnostic imaging and cancer treatment.
For more detailed insights into BWX Technologies and related hedge fund activities, interested parties may refer to HoldingsChannel.com for the latest filings and updates.
