41,697 Shares of BWX Technologies, Inc. $BWXT Acquired by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments opened a new BWX Technologies position, acquiring 41,697 shares worth about $5.7 million in the third quarter. Institutional investors own 94.39% of the stock.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $205, though several firms recently cut their targets. BWXT shares were reported down 5.3%, opening at $115.02.
• BWXT’s latest quarterly results beat EPS expectations ($1.26 versus $1.19) but missed revenue forecasts, reporting $953 million against an expected $971 million; revenue rose 10% year over year.

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 41,697 shares of the technology company's stock, valued at approximately $5,712,000.

Several other large investors also recently added to or reduced their stakes in BWXT. Vise Technologies Inc. increased its position in shares of BWX Technologies by 20.3% during the 3rd quarter. Vise Technologies Inc. now owns 2,004 shares of the technology company's stock valued at $275,000 after purchasing an additional 338 shares during the last quarter. Kurv Investment Management LLC raised its holdings in BWX Technologies by 25.9% during the 3rd quarter. Kurv Investment Management LLC now owns 14,706 shares of the technology company's stock valued at $2,015,000 after buying an additional 3,021 shares during the period. State of Wyoming lifted its position in BWX Technologies by 8.2% in the third quarter. State of Wyoming now owns 3,697 shares of the technology company's stock worth $506,000 after buying an additional 281 shares during the last quarter. D.A. Davidson & CO. lifted its position in BWX Technologies by 128.5% in the third quarter. D.A. Davidson & CO. now owns 2,786 shares of the technology company's stock worth $382,000 after buying an additional 1,567 shares during the last quarter. Finally, BOKF NA lifted its position in BWX Technologies by 10.0% in the third quarter. BOKF NA now owns 22,090 shares of the technology company's stock worth $3,026,000 after buying an additional 2,000 shares during the last quarter. 94.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wells Fargo & Company upgraded shares of BWX Technologies from an "underweight" rating to an "equal weight" rating and cut their price objective for the company from $200.00 to $170.00 in a research report on Thursday, August 27th. Truist Financial reduced their target price on shares of BWX Technologies from $202.00 to $182.00 and set a "hold" rating on the stock in a research note on Tuesday, October 6th. Wall Street Zen lowered shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. BTIG Research reaffirmed a "buy" rating and set a $235.00 price target on shares of BWX Technologies in a research note on Wednesday, September 30th. Finally, Northland Securities dropped their price target on shares of BWX Technologies from $250.00 to $220.00 and set an "outperform" rating for the company in a research note on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $205.00.

BWX Technologies Trading Down 5.3%

Shares of NYSE BWXT opened at $115.02 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.33 and a current ratio of 1.88. The business's 50 day moving average price is $141.31 and its 200-day moving average price is $183.06. BWX Technologies, Inc. has a fifty-two week low of $112.54 and a fifty-two week high of $241.82. The company has a market cap of $10.54 billion, a price-to-earnings ratio of 28.19, a PEG ratio of 1.81 and a beta of 0.75.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings data on Monday, November 2nd. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.07. BWX Technologies had a return on equity of 31.65% and a net margin of 10.41%. The company had revenue of $952.97 million during the quarter, compared to analysts' expectations of $970.52 million. During the same quarter in the previous year, the business earned $1.00 EPS. BWX Technologies's revenue was up 10.0% compared to the same quarter last year. On average, sell-side analysts expect that BWX Technologies, Inc. will post 4.76 earnings per share for the current year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, November 19th. BWX Technologies's dividend payout ratio (DPR) is 26.47%.

Insider Buying and Selling at BWX Technologies

In other news, CEO Rex D. Geveden sold 10,000 shares of the business's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $172.50, for a total transaction of $1,725,000.00. Following the completion of the sale, the chief executive officer directly owned 192,491 shares of the company's stock, valued at approximately $33,204,697.50. The trade was a 4.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.60% of the company's stock.

Key BWX Technologies News

Here are the key news stories impacting BWX Technologies this week:

• Positive Sentiment: Northland Securities raised its FY2027 EPS estimate to $5.17 from $5.02 and maintained an Outperform rating with a $220 price target, signaling improved longer-term earnings expectations. Northland estimate update
• Positive Sentiment: Coverage highlights BWXT’s reported $2.2 billion Army reactor contract, which could reinforce the company’s defense-sector growth outlook. Army reactor contract coverage
• Positive Sentiment: BWXT extended the maturity of its $1.25 billion revolving credit facility to November 2031, providing longer-term access to liquidity. Credit agreement amendment
• Neutral Sentiment: The company launched a $500 million offering of senior unsecured notes due 2034 alongside cash tender offers for its 2028 and 2029 notes. The transactions appear to be part of debt management, though the new borrowing may focus investors on financing costs and leverage. Senior notes offering
• Negative Sentiment: A recent article describes a sharp sell-off in nuclear-energy stocks, a sector-wide headwind that may be contributing to BWXT’s decline even as it characterizes the company as a reliable industry player. Nuclear stocks sell-off article

About BWX Technologies

BWX Technologies, Inc NYSE: BWXT is a specialty manufacturer and services provider focused on nuclear technology. The company designs and manufactures nuclear reactors, reactor components, nuclear fuel and related equipment, with a major emphasis on highly engineered systems used in naval and commercial applications.

BWXT is a key supplier to the U.S. government, supporting the U.S. Navy's nuclear-powered aircraft carriers and submarines through reactor design, component manufacturing, fuel production, maintenance and life-cycle services.

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