Forbes J M 13F: Exits BWX Technologies (BWXT) Stake

Forbes J M has sold its entire stake in BWX Technologies, Inc. (NYSE: BWXT), cutting 1,060 shares as disclosed in a filing on October 16, 2026. This sale leaves Forbes J M with no holdings in the company, a complete exit from its previously held position valued at around $139.11 per share.

What Changed in Forbes J M's BWX Technologies Position

Forbes J M sold out of its position in BWX Technologies, reducing its stake from 1,060 shares to none. This marks a 100% decrease in its holdings as the company completely exited its investment.

Other Institutional Activity in BWX Technologies

Several other significant institutional investors have also adjusted their holdings in BWX Technologies. Blackrock Inc. trimmed its stake by 363,376 shares, leaving it with 12,123,786 shares valued at approximately $1.66 billion. Vanguard Portfolio Management LLC reduced its position by 135,971 shares, now holding 4,755,063 shares worth about $651.5 million. Conversely, Vanguard Capital Management LLC added 46,263 shares, bringing its total to 4,140,330 shares valued at approximately $567.3 million. State Street Corporation also increased its holdings by 50,608 shares, now owning 3,799,375 shares valued at about $520.6 million. JPMorgan Chase & Co. saw a share increase of 81,305, resulting in a total of 2,654,239 shares worth roughly $363.7 million.

BWX Technologies, Inc. Stock Up 1.4%

As of October 16, 2026, BWX Technologies traded at a recent price of $139.11, which is below both its 50-day moving average of $151.15 and its 200-day moving average of $188.14. The stock is also down about 42.5% from its 52-week high of $241.82, indicating a struggle to regain previous highs.

Recent Earnings

BWX Technologies recently reported trailing twelve-month revenue of $3.51 billion, with an earnings per share (EPS) of $3.86. The company has shown a revenue growth of 18.0% year-over-year and a net margin of 10.1%. The next earnings report is scheduled for November 2, 2026.

Dividend

BWX Technologies pays an annual dividend of $1.06 per share, resulting in a yield of 0.77%. The dividend payout ratio stands at 26.9%.

Insider Buying and Selling at BWX Technologies, Inc.

Insiders at BWX Technologies have made several notable transactions recently. On March 2, 2026, Officer Kevin James Gorman sold 1,344 shares at an average price of $214.71, totaling about $288,574. Chief Financial Officer Michael Thomas Fitzgerald sold 2,417 shares on May 11, 2026, at an average price of $209.25, valued at approximately $505,757. CEO Rex D. Geveden sold 10,000 shares on May 12, 2026, amounting to about $2.05 million, followed by another sale of 10,000 shares on August 12, 2026, valued at approximately $1.73 million.

Analysts Set New Price Targets

Analysts remain optimistic about BWX Technologies, with firms like Northland Capital Markets maintaining an 'Outperform' rating and setting a price target of $220.0 as of September 30, 2026. B of A Securities also holds a 'Buy' rating with a target of $210.0, while Guggenheim reiterates a 'Buy' rating with a target of $192.0. Meanwhile, Truist Securities maintains a 'Hold' rating with a target of $182.0, and JP Morgan maintains an 'Overweight' rating with a target of $190.0.

About BWX Technologies

BWX Technologies, Inc. manufactures and sells nuclear components in the U.S., Canada, and internationally. The company operates through two segments: Government Operations and Commercial Operations. This recent filing reflects changes in institutional ownership and may not represent current positions.

Bottom Line

Investors should keep an eye on BWX Technologies as it approaches its next earnings report on November 2, 2026. This recent filing shows Forbes J M’s exit from its position in the company, reflecting a shift among institutional investors in the aerospace and defense sector.