S&P 500 may face selling pressure as systematic funds reach full exposure
Rex D. Geveden, President and CEO of BWX Technologies, Inc. (NYSE:BWXT), recently sold a substantial amount of the company’s common stock, according to a Form 4 filing with the SEC. Over two transactions on February 26, 2025, Geveden sold a total of 45,625 shares, with prices ranging from $107.13 to $107.91 per share, amounting to a total of approximately $4.9 million. Following these transactions, Geveden owns 218,218 shares directly in the $9.3 billion market cap company. According to InvestingPro analysis, BWXT is currently trading above its Fair Value, with a P/E ratio of 34.1x.
Additionally, on February 27, 2025, Geveden executed options and acquired 4,538 shares of restricted stock units at no cost, while also disposing of 1,919 shares at $106.64 each to cover tax obligations. These transactions highlight Geveden’s ongoing management of his equity stake in BWX Technologies. The company has demonstrated strong financial performance with 8.3% revenue growth and has maintained dividend payments for 14 consecutive years. For deeper insights into BWXT’s valuation and performance metrics, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, BWX Technologies Inc. (BWXT) reported its fourth-quarter 2024 earnings, surpassing market expectations with an earnings per share (EPS) of $0.92, compared to the forecasted $0.81. The company also reported revenue of $746.3 million, exceeding the anticipated $722.25 million. BWXT’s strong performance was supported by organic revenue growth of 3% and a 10% increase in EPS from the previous year. The company provided optimistic guidance for 2025, projecting approximately $3 billion in revenue and adjusted EBITDA between $550 million and $570 million. Additionally, BWXT announced strategic acquisitions in the nuclear and medical sectors, including the completion of the acquisition of AOT and the pending acquisition of Kinetrix, expected to close in mid-2025. These acquisitions are intended to expand BWXT’s capabilities in special materials and commercial nuclear services. Analyst firms have noted BWXT’s robust financial performance and strategic growth initiatives.
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