Empowered Funds LLC bought a new stake in BWX Technologies, Inc. (NYSE:BWXT – Free Report) during the 2nd quarter, Holdings Channel reports. The firm bought 34,877 shares of the technology company’s stock, valued at approximately $6,789,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Transamerica Financial Advisors LLC acquired a new position in BWX Technologies during the 2nd quarter worth approximately $26,000. MV Capital Management Inc. acquired a new position in shares of BWX Technologies during the 4th quarter worth $32,000. WFA of San Diego LLC purchased a new position in shares of BWX Technologies in the 2nd quarter valued at about $29,000. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in shares of BWX Technologies in the 2nd quarter valued at about $40,000. Finally, Tucker Asset Management LLC acquired a new stake in shares of BWX Technologies in the fourth quarter valued at about $36,000. 94.39% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms recently commented on BWXT. Truist Financial decreased their price objective on shares of BWX Technologies from $212.00 to $202.00 and set a “hold” rating on the stock in a report on Friday, August 14th. BTIG Research reiterated a “buy” rating and set a $235.00 price target on shares of BWX Technologies in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft upgraded BWX Technologies from a “hold” rating to a “buy” rating and upped their price target for the stock from $205.00 to $255.00 in a report on Friday, May 15th. Zacks Research downgraded BWX Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Weiss Ratings cut BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, BWX Technologies has an average rating of “Moderate Buy” and a consensus target price of $224.20.
Insiders Place Their Bets
In other BWX Technologies news, CEO Rex D. Geveden sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $172.50, for a total transaction of $1,725,000.00. Following the completion of the transaction, the chief executive officer owned 192,491 shares of the company’s stock, valued at approximately $33,204,697.50. This trade represents a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.
BWX Technologies Stock Up 0.2%
Shares of NYSE BWXT opened at $153.12 on Monday. BWX Technologies, Inc. has a 12-month low of $147.74 and a 12-month high of $241.82. The company has a market capitalization of $14.03 billion, a PE ratio of 39.67, a price-to-earnings-growth ratio of 2.39 and a beta of 0.76. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.40 and a quick ratio of 2.33. The firm’s 50-day moving average is $175.83 and its two-hundred day moving average is $195.75.
BWX Technologies (NYSE:BWXT – Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The technology company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.04 by $0.03. BWX Technologies had a net margin of 10.11% and a return on equity of 30.83%. The business had revenue of $901.62 million for the quarter, compared to analyst estimates of $902.41 million. During the same period in the prior year, the business earned $1.02 earnings per share. The company’s quarterly revenue was up 18.0% on a year-over-year basis. BWX Technologies has set its FY 2026 guidance at 4.700-4.800 EPS. Equities analysts anticipate that BWX Technologies, Inc. will post 4.75 EPS for the current fiscal year.
BWX Technologies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Tuesday, August 18th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, August 18th. BWX Technologies’s dividend payout ratio is 27.98%.
About BWX Technologies
BWX Technologies, Inc (NYSE: BWXT) is a specialized supplier of nuclear components and services, primarily serving the U.S. government and commercial markets. The company’s core expertise lies in the design, fabrication and servicing of nuclear propulsion systems for the U.S. Navy, where it supports the maintenance and overhaul of naval nuclear reactors. In addition to defense applications, BWXT develops small modular reactors (SMRs), nuclear fuel and related technologies for non‐defense power generation, offering scalable solutions to meet evolving energy and industrial demands.
Beyond propulsion and power systems, BWXT is a leading producer of medical radioisotopes used in diagnostic imaging and cancer treatment.
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