State of Alaska Department of Revenue Decreases Stake in BWX Technologies, Inc. $BWXT

Market Beat
2026.01.16 10:46
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The State of Alaska Department of Revenue has significantly reduced its stake in BWX Technologies, Inc. by 80.5%, now holding 9,805 shares valued at approximately $1.8 million. Other institutional investors have also adjusted their positions in the company. CEO Rex D. Geveden sold 10,000 shares, decreasing his ownership by 5.06%. BWX Technologies reported strong quarterly earnings, exceeding estimates, and declared a quarterly dividend of $0.25. Analysts have mixed ratings on the stock, with Zacks downgrading it to "hold" while Wedbush maintains an "outperform" rating.