Algert Global LLC Increases Stake in BWX Technologies, Inc. $BWXT

Key Points

• Algert Global LLC increased its stake in BWX Technologies by 2.1%, owning a total of 140,322 shares valued at approximately $13.8 million by the end of the 1st quarter.
• Several analysts have issued varied ratings for BWX Technologies, with Deutsche Bank maintaining a "hold" rating and Bank of America raising its target price from $155 to $220 while issuing a "buy" rating.
• BWX Technologies reported earnings of $1.02 per share for the last quarter, surpassing estimates, and announced a quarterly dividend of $0.25 per share to be paid on September 5th.

Algert Global LLC increased its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 2.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 140,322 shares of the technology company's stock after purchasing an additional 2,856 shares during the period. Algert Global LLC owned 0.15% of BWX Technologies worth $13,843,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BWXT. Westwood Holdings Group Inc. grew its position in BWX Technologies by 279.0% during the 1st quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company's stock worth $94,562,000 after purchasing an additional 705,648 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of BWX Technologies by 204.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 916,323 shares of the technology company's stock valued at $102,069,000 after acquiring an additional 615,693 shares in the last quarter. Blair William & Co. IL boosted its holdings in shares of BWX Technologies by 84.3% in the first quarter. Blair William & Co. IL now owns 782,991 shares of the technology company's stock valued at $77,242,000 after acquiring an additional 358,170 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of BWX Technologies by 248.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 453,680 shares of the technology company's stock valued at $50,537,000 after acquiring an additional 323,445 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of BWX Technologies by 6,116.6% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 323,326 shares of the technology company's stock valued at $31,896,000 after acquiring an additional 318,125 shares in the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BWXT has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $150.00 price objective (up previously from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. Wall Street Zen downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Maxim Group reissued a "hold" rating on shares of BWX Technologies in a report on Wednesday, August 6th. CLSA reissued an "outperform" rating and set a $177.60 price objective (up previously from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. Finally, Bank of America boosted their price objective on shares of BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $154.51.

Insider Buying and Selling at BWX Technologies

In other BWX Technologies news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $177.43, for a total value of $371,183.56. Following the sale, the senior vice president owned 10,149 shares of the company's stock, valued at $1,800,737.07. This represents a 17.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leland D. Melvin sold 600 shares of BWX Technologies stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $178.26, for a total transaction of $106,956.00. Following the sale, the director owned 5,579 shares of the company's stock, valued at approximately $994,512.54. This trade represents a 9.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,953 shares of company stock worth $5,359,758 over the last ninety days. 0.47% of the stock is currently owned by company insiders.

BWX Technologies Price Performance

Shares of NYSE BWXT traded up $1.7010 on Thursday, hitting $165.2610. The company's stock had a trading volume of 916,770 shares, compared to its average volume of 1,133,066. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $189.25. The company has a market capitalization of $15.10 billion, a price-to-earnings ratio of 51.64, a price-to-earnings-growth ratio of 3.75 and a beta of 0.73. 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 50 day moving average of $150.58 and a 200-day moving average of $122.53.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings results 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. 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 prior year, the firm earned $0.82 earnings per share. The company's revenue for the quarter 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 predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

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

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.