William Blair Trims BWXT Stake to 4.5% as of Dec 31, 2023

TL;DR

**William Blair cut its BWXT stake to 4.5%, watch for other institutional moves.**

AI Summary

William Blair Investment Management, LLC, a Delaware-based investment firm, has updated its ownership stake in BWX Technologies, Inc. (NYSE: BWXT) through an SC 13G/A filing on February 12, 2024. As of December 31, 2023, William Blair beneficially owns 4,100,111 shares of BWXT's Common Stock, representing 4.5% of the company. This is an amendment to their previous filing, indicating a change in their passive investment position, which is important for investors to track institutional sentiment and potential future stock movements.

Why It Matters

This filing shows a significant institutional investor's updated position, which can influence market perception and potentially signal a shift in their outlook on BWX Technologies' future performance.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive investor and does not indicate any immediate, significant risk to the company or its stock.

Analyst Insight

Investors should note William Blair's updated, slightly reduced passive stake in BWX Technologies, Inc. and consider it as one data point among many when evaluating the stock, without overreacting to a routine institutional filing.

Key Numbers

• 4,100,111 — Shares Beneficially Owned (Represents William Blair's sole voting power and beneficial ownership in BWX Technologies, Inc. as of December 31, 2023.)
• 4.5% — Percentage of Class (Indicates William Blair's ownership percentage of BWX Technologies, Inc. Common Stock, showing a passive investment position.)
• 05605H100 — CUSIP Number (Unique identifier for BWX Technologies, Inc. Common Stock, ensuring accurate identification of the security.)
• December 31, 2023 — Date of Event (The specific date on which the ownership stake was calculated, providing a clear snapshot of the position.)
• Amendment No. 6 — Filing Amendment Number (Signifies that this is the sixth update to William Blair's Schedule 13G filing for BWX Technologies, Inc., indicating ongoing adjustments to their position.)

Key Players & Entities

• William Blair Investment Management, LLC (company) — the reporting person, an investment firm
• BWX Technologies, Inc. (company) — the subject company, an engines & turbines manufacturer
• 4,100,111 (dollar_amount) — shares beneficially owned by William Blair
• 4.5% (dollar_amount) — percentage of BWX Technologies' common stock owned by William Blair
• December 31, 2023 (date) — the date of the event requiring the filing

Forward-Looking Statements

• William Blair Investment Management, LLC will continue to adjust its passive stake in BWX Technologies, Inc. based on market conditions and its investment strategy. (William Blair Investment Management, LLC) — medium confidence, target: December 31, 2024

FAQ

Filing Documents

• tm245766d6_sc13ga.htm (SC 13G/A) — 53KB
• 0001104659-24-014974.txt ( ) — 55KB

(a)

Item 1(a). Name of Issuer: BWX Technologies, Inc.

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices: 800 Main Street, 4th Floor, Lynchburg, VA 24504

(a)

Item 2(a). Name of Person Filing: William Blair Investment Management, LLC

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: 150 North Riverside Plaza, Chicago, IL 60606

(c)

Item 2(c). Citizenship: Delaware

(d)

Item 2(d). Title of Class of Securities: Common Stock

(e)

Item 2(e). CUSIP Number: 05605H100 Item 3. If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) o Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) o Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) o Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) x An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); (g) o A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); (h) o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); (j) o A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); (k) o Group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____________. CUSIP: 05605H100 Page 4 Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 4,634,887 (b) Percent of class: 5.1% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 4,100,111 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 4,634,887 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5.

View Full Filing

View this SC 13G/A filing on SEC EDGAR