1,585 Shares in BWX Technologies, Inc. $BWXT Purchased by QRG Capital Management Inc.

Key Points

• QRG Capital Management Inc. has acquired a new position in BWX Technologies, purchasing 1,585 shares valued at approximately $228,000 during the second quarter.
• BWX Technologies reported $1.02 earnings per share for the quarter, exceeding expectations of $0.79, with quarterly revenue rising by 12.1% year-over-year.
• The firm declared a quarterly dividend of $0.25 per share, resulting in an annualized dividend of $1.00 and a dividend yield of 0.5% for shareholders.

QRG Capital Management Inc. purchased a new position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,585 shares of the technology company's stock, valued at approximately $228,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Intrua Financial LLC boosted its stake in BWX Technologies by 3.9% in the first quarter. Intrua Financial LLC now owns 2,625 shares of the technology company's stock valued at $259,000 after acquiring an additional 99 shares during the last quarter. HHM Wealth Advisors LLC lifted its stake in BWX Technologies by 34.5% in the first quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock valued at $38,000 after purchasing an additional 100 shares during the last quarter. Oakworth Capital Inc. lifted its stake in BWX Technologies by 10.0% in the second quarter. Oakworth Capital Inc. now owns 1,105 shares of the technology company's stock valued at $159,000 after purchasing an additional 100 shares during the last quarter. UMB Bank n.a. lifted its stake in BWX Technologies by 12.7% in the second quarter. UMB Bank n.a. now owns 1,031 shares of the technology company's stock valued at $149,000 after purchasing an additional 116 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. lifted its stake in BWX Technologies by 3.3% in the first quarter. Mesirow Financial Investment Management Inc. now owns 4,186 shares of the technology company's stock valued at $413,000 after purchasing an additional 132 shares during the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

BWX Technologies Stock Down 2.9%

Shares of NYSE:BWXT opened at $190.00 on Monday. The firm has a fifty day moving average price of $173.96 and a two-hundred day moving average price of $140.85. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $199.72. The company has a market cap of $17.37 billion, a price-to-earnings ratio of 59.38, a PEG ratio of 3.78 and a beta of 0.78.

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 (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.23. The company 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%.The firm's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders 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 dividend yield of 0.5%. The ex-dividend date was Monday, August 18th. BWX Technologies's dividend payout ratio (DPR) is 31.25%.

Insider Activity at BWX Technologies

In other BWX Technologies news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of BWX Technologies stock in a transaction that occurred on Monday, August 11th. The shares were 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 in the company, valued at $1,800,737.07. The trade was a 17.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Omar Fathi Meguid sold 2,261 shares of BWX Technologies stock in a transaction that occurred 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 sale, the senior vice president owned 2,361 shares of the company's stock, valued at approximately $424,602.24. The trade was a 48.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,953 shares of company stock valued at $5,359,758. Company insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Truist Financial set a $145.00 price target on BWX Technologies and gave the company a "hold" rating in a research report on Tuesday, August 5th. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a report on Wednesday, September 17th. Wall Street Zen downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Zacks Research raised shares of BWX Technologies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 7th. Finally, Wedbush reaffirmed an "outperform" rating on shares of BWX Technologies in a report on Wednesday, October 1st. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $164.58.

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.

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