BWX Technologies (NYSE:BWXT) Stock Price Down 3.5% - Here's Why

Key Points

• BWX Technologies' shares fell 3.5% during trading on Wednesday, with volume down 72% from the average session, closing at $170.55.
• Analysts have mixed ratings on BWX Technologies, with an overall average of "Moderate Buy" and a price target of $160.83, while CLSA set a higher price objective of $177.60.
• The company recently reported $1.02 earnings per share (EPS), surpassing estimates and showing a year-over-year revenue increase of 12.1%.

BWX Technologies, Inc. (NYSE:BWXT - Get Free Report) shares dropped 3.5% during trading on Wednesday . The company traded as low as $170.74 and last traded at $170.55. Approximately 313,298 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 1,120,192 shares. The stock had previously closed at $176.65.

Wall Street Analysts Forecast Growth

BWXT has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $150.00 price objective (up previously from $119.00) on shares of BWX Technologies in a research report on Tuesday, July 8th. Northland Securities assumed coverage on shares of BWX Technologies in a research note on Wednesday, September 10th. They set an "outperform" rating and a $205.00 target price for the company. Northland Capmk upgraded shares of BWX Technologies to a "strong-buy" rating in a research note on Tuesday, September 9th. Bank of America raised their target price on shares of BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Finally, William Blair restated an "outperform" rating on shares of BWX Technologies in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, BWX Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $160.83.

BWX Technologies Stock Up 0.3%

The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69. The stock has a market capitalization of $15.95 billion, a P/E ratio of 54.53, a price-to-earnings-growth ratio of 3.94 and a beta of 0.75. The stock's fifty day simple moving average is $161.77 and its two-hundred day simple moving average is $131.48.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its 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. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The company had revenue of $764.00 million for the quarter, compared to the consensus estimate of $708.00 million. During the same quarter in the previous year, the company earned $0.82 EPS. BWX Technologies's quarterly revenue was up 12.1% compared to the same quarter last year. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. As a group, research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, August 18th. This represents a $1.00 annualized dividend and a yield of 0.6%. BWX Technologies's dividend payout ratio is presently 31.25%.

Insider Buying and Selling at BWX Technologies

In other BWX Technologies news, SVP Omar Fathi Meguid sold 2,261 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $179.84, for a total transaction of $406,618.24. Following the transaction, the senior vice president owned 2,361 shares in the company, valued at approximately $424,602.24. This represents a 48.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Leland D. Melvin sold 600 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $178.26, for a total transaction of $106,956.00. Following the completion of the sale, the director owned 5,579 shares of the company's stock, valued at approximately $994,512.54. This represents a 9.71% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,953 shares of company stock worth $5,359,758. Corporate insiders own 0.47% of the company's stock.

Institutional Inflows and Outflows

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