Ground Swell Capital LLC Buys Shares of 2,612 BWX Technologies, Inc. (NYSE:BWXT)

Key Points

• Ground Swell Capital LLC purchased 2,612 shares of BWX Technologies, Inc., valued at approximately $258,000, during the first quarter of the year, indicating strong institutional interest in the company.
• Senior vice president Omar Fathi Meguid and CEO Rex D. Geveden both sold shares of BWX Technologies on August 6th, reducing their ownership stakes by 48.92% and 11.23% respectively.
• BWX Technologies reported earnings of $1.02 per share for the recent quarter, surpassing estimates by $0.23 and boasting a revenue increase of 12.1% year-over-year.

Ground Swell Capital LLC bought a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,612 shares of the technology company's stock, valued at approximately $258,000.

A number of other institutional investors have also added to or reduced their stakes in BWXT. Stone House Investment Management LLC acquired a new stake in BWX Technologies during the first quarter worth about $31,000. Ameriflex Group Inc. acquired a new stake in BWX Technologies during the fourth quarter worth about $34,000. MassMutual Private Wealth & Trust FSB grew its position in BWX Technologies by 200.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock worth $35,000 after buying an additional 236 shares in the last quarter. HHM Wealth Advisors LLC grew its position in BWX Technologies by 34.5% during the first quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock worth $38,000 after buying an additional 100 shares in the last quarter. Finally, Vermillion Wealth Management Inc. acquired a new stake in BWX Technologies during the fourth quarter worth about $40,000. 94.39% of the stock is owned by institutional investors and hedge funds.

BWX Technologies Price Performance

Shares of NYSE:BWXT traded down $1.21 during trading on Friday, reaching $173.49. The stock had a trading volume of 902,045 shares, compared to its average volume of 1,283,445. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 week high of $189.25. The business's 50-day moving average price is $148.58 and its 200 day moving average price is $121.53. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. The stock has a market capitalization of $15.86 billion, a PE ratio of 54.22, a P/E/G ratio of 3.93 and a beta of 0.73.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted 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 during the quarter, compared to analysts' expectations of $708.00 million. During the same quarter in the previous year, the company posted $0.82 earnings per share. BWX Technologies's quarterly revenue was up 12.1% compared to the same quarter last year. As a group, equities analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Monday, August 18th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date is Monday, August 18th. BWX Technologies's payout ratio is 31.25%.

Insider Activity at BWX Technologies

In related news, SVP Omar Fathi Meguid sold 2,261 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $179.84, for a total value of $406,618.24. Following the completion of the transaction, the senior vice president owned 2,361 shares in the company, valued at $424,602.24. The trade was a 48.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Leland D. Melvin sold 600 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $178.26, for a total transaction of $106,956.00. Following the completion of the transaction, the director owned 5,579 shares of the company's stock, valued at $994,512.54. This trade represents a 9.71% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,953 shares of company stock worth $5,359,758. Company insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. CLSA reaffirmed an "outperform" rating and set a $177.60 price objective (up from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. Wall Street Zen downgraded BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Bank of America lifted their price objective on BWX Technologies from $155.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $150.00 price objective (up from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $154.51.

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.