Aaron Wealth Advisors LLC Acquires New Shares in BWX Technologies, Inc. $BWXT

Key Points

• Aaron Wealth Advisors LLC acquired 1,445 shares of BWX Technologies, Inc., valued at approximately $208,000, marking a growing interest from institutional investors in the company.
• BWX Technologies has achieved a 12.1% year-over-year increase in revenue, reporting $764 million for a recent quarter, exceeding analysts' expectations.
• The stock has garnered favorable ratings from analysts, with recommendations ranging from Strong Buy to Hold, and an average price target of $160.83.

Aaron Wealth Advisors LLC bought a new position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,445 shares of the technology company's stock, valued at approximately $208,000.

Other hedge funds have also made changes to their positions in the company. Financiere des Professionnels Fonds d investissement inc. purchased a new stake in shares of BWX Technologies during the second quarter valued at about $149,000. Veracity Capital LLC raised its stake in BWX Technologies by 40.2% in the second quarter. Veracity Capital LLC now owns 8,994 shares of the technology company's stock valued at $1,296,000 after buying an additional 2,577 shares during the last quarter. Dover Advisors LLC purchased a new stake in BWX Technologies in the second quarter valued at about $219,000. Amanah Holdings Trust purchased a new stake in BWX Technologies in the second quarter valued at about $40,481,000. Finally, Doliver Advisors LP purchased a new stake in BWX Technologies in the second quarter valued at about $1,034,000. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

BWX Technologies Stock Performance

BWX Technologies stock traded up $1.52 during mid-day trading on Tuesday, reaching $179.71. 227,877 shares of the company were exchanged, compared to its average volume of 1,130,223. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $189.25. The firm's 50-day simple moving average is $162.57 and its two-hundred day simple moving average is $132.45. 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 firm has a market cap of $16.43 billion, a PE ratio of 56.16, a price-to-earnings-growth ratio of 3.95 and a beta of 0.75.

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

BWX Technologies Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis 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 presently 31.25%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BWXT. CLSA restated an "outperform" rating and issued a $177.60 price objective (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Bank of America raised their price objective on BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Truist Financial set a $145.00 price objective on BWX Technologies and gave the stock a "hold" rating in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $150.00 price objective (up from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. Finally, William Blair reiterated an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, September 17th. Two research 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 issued a Sell rating to the company's stock. Based on data from MarketBeat, BWX Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $160.83.

Insider Buying and Selling

In other BWX Technologies news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $177.43, for a total transaction of $371,183.56. Following the completion of the sale, the senior vice president directly owned 10,149 shares of the company's stock, valued at approximately $1,800,737.07. This trade represents a 17.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rex D. Geveden sold 25,000 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $179.00, for a total value of $4,475,000.00. Following the sale, the chief executive officer directly owned 197,594 shares of the company's stock, valued at $35,369,326. The trade was a 11.23% 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 90 days. Insiders own 0.47% of the company's stock.

BWX Technologies Company Profile

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.