Northland Securities Initiates Coverage on BWX Technologies (NYSE:BWXT)

Key Points

• Analysts at Northland Securities have initiated coverage on BWX Technologies with an "outperform" rating and a price target of $205.00, indicating a potential upside of 24.76% from the stock's previous close.
• In recent performance, BWX Technologies reported $1.02 earnings per share, exceeding expectations, with a revenue increase of 12.1% year-over-year.
• Insider trading activity has been noticeable, with the CEO selling 25,000 shares for approximately $4.48 million, indicating a shift in ownership among key executives.

Northland Securities assumed coverage on shares of BWX Technologies (NYSE:BWXT - Free Report) in a research note released on Wednesday, MarketBeat.com reports. The firm issued an outperform rating and a $205.00 target price on the technology company's stock.

Other equities analysts also recently issued research reports about the stock. CLSA reissued an "outperform" rating and issued a $177.60 price objective (up previously from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. William Blair reissued an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $150.00 price target (up from $119.00) on shares of BWX Technologies in a research report on Tuesday, July 8th. Wall Street Zen downgraded BWX Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Maxim Group reaffirmed a "hold" rating on shares of BWX Technologies in a research report on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $160.83.

BWX Technologies Trading Down 0.9%

Shares of NYSE BWXT traded down $1.56 during trading hours on Wednesday, reaching $168.54. The stock had a trading volume of 688,838 shares, compared to its average volume of 1,055,831. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28. The firm has a market cap of $15.40 billion, a price-to-earnings ratio of 52.67, a P/E/G ratio of 3.85 and a beta of 0.75. The business's fifty day moving average price is $158.26 and its two-hundred day moving average price is $129.05. BWX Technologies has a 52-week low of $84.21 and a 52-week high of $189.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.23. The firm had revenue of $764.00 million during the quarter, compared to analyst estimates of $708.00 million. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.BWX Technologies's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Analysts expect that BWX Technologies will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, August 18th. BWX Technologies's dividend payout ratio (DPR) is currently 31.25%.

Insider Buying and Selling

In other BWX Technologies news, CEO Rex D. Geveden sold 25,000 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $179.00, for a total transaction of $4,475,000.00. Following the sale, the chief executive officer directly owned 197,594 shares of the company's stock, valued at approximately $35,369,326. This trade represents a 11.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leland D. Melvin sold 600 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $178.26, for a total value of $106,956.00. Following the sale, the director directly owned 5,579 shares in the company, valued at $994,512.54. This represents a 9.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,953 shares of company stock valued at $5,359,758 over the last quarter. 0.47% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BWX Technologies

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of BWX Technologies by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 9,404,287 shares of the technology company's stock worth $927,733,000 after acquiring an additional 192,363 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of BWX Technologies by 19.7% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,503,679 shares of the technology company's stock worth $444,288,000 after acquiring an additional 741,282 shares in the last quarter. Invesco Ltd. boosted its stake in shares of BWX Technologies by 139.0% during the 2nd quarter. Invesco Ltd. now owns 1,592,380 shares of the technology company's stock worth $229,398,000 after acquiring an additional 926,117 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in shares of BWX Technologies by 33,572.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,517,599 shares of the technology company's stock worth $2,228,000 after acquiring an additional 1,513,092 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its stake in shares of BWX Technologies by 523.2% during the 2nd quarter. William Blair Investment Management LLC now owns 1,517,356 shares of the technology company's stock worth $218,590,000 after acquiring an additional 1,273,895 shares in the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

About BWX Technologies

BWX Technologies, Inc, together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments, Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.