Alliancebernstein L.P. Buys 19,639 Shares of BWX Technologies, Inc. $BWXT

Key Points

• Alliancebernstein L.P. has increased its stake in BWX Technologies by 2.5%, now holding 818,418 shares valued at approximately $80.74 million.
• BWX Technologies reported a quarterly EPS of $1.02, surpassing analysts' estimates by $0.23, with revenue up 12.1% year-over-year.
• The company has announced a quarterly dividend of $0.25 per share, with an annualized yield of 0.6%, impacting its payout ratio at 31.25%.

Alliancebernstein L.P. lifted its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 2.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 818,418 shares of the technology company's stock after purchasing an additional 19,639 shares during the period. Alliancebernstein L.P. owned 0.90% of BWX Technologies worth $80,737,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in BWX Technologies by 2.1% during the first quarter. Vanguard Group Inc. now owns 9,404,287 shares of the technology company's stock worth $927,733,000 after buying an additional 192,363 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of BWX Technologies by 19.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,503,679 shares of the technology company's stock valued at $444,288,000 after acquiring an additional 741,282 shares during the period. Dimensional Fund Advisors LP boosted its stake in BWX Technologies by 11.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,211,624 shares of the technology company's stock worth $119,522,000 after acquiring an additional 128,791 shares during the last quarter. Bessemer Group Inc. grew its holdings in BWX Technologies by 1.6% during the first quarter. Bessemer Group Inc. now owns 1,038,223 shares of the technology company's stock valued at $102,419,000 after purchasing an additional 16,262 shares during the period. Finally, Westwood Holdings Group Inc. grew its holdings in BWX Technologies by 279.0% during the first quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company's stock valued at $94,562,000 after purchasing an additional 705,648 shares during the period. Institutional investors own 94.39% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Truist Financial set a $145.00 target price on shares of BWX Technologies and gave the stock a "hold" rating in a report on Tuesday, August 5th. Northland Capmk raised BWX Technologies to a "strong-buy" rating in a research note on Tuesday. William Blair reiterated an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. Bank of America boosted their target price on BWX Technologies from $155.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $150.00 price target (up previously from $119.00) on shares of BWX Technologies in a research report on Tuesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $160.83.

BWX Technologies Stock Down 0.9%

Shares of BWXT traded down $1.56 during midday trading on Friday, hitting $168.54. The stock had a trading volume of 688,838 shares, compared to its average volume of 1,055,831. The firm has a market cap of $15.40 billion, a price-to-earnings ratio of 52.67, a price-to-earnings-growth ratio of 3.85 and a beta of 0.75. The company has a 50 day simple moving average of $158.26 and a two-hundred day simple moving average of $129.05. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $189.25. 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 (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, 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 business had revenue of $764.00 million during the quarter, compared to the consensus estimate of $708.00 million. During the same period last year, the company earned $0.82 earnings per share. BWX Technologies's quarterly revenue was up 12.1% on a year-over-year basis. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Monday, August 18th were issued a $0.25 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. BWX Technologies's dividend payout ratio (DPR) is 31.25%.

Insider Buying and Selling at BWX Technologies

In other news, SVP Omar Fathi Meguid sold 2,261 shares of the business's stock in a transaction 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 sale, the senior vice president owned 2,361 shares of the company's stock, valued at $424,602.24. The trade was a 48.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Leland D. Melvin sold 600 shares of the stock in a transaction 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 transaction, the director owned 5,579 shares of the company's stock, valued at $994,512.54. The trade was a 9.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,953 shares of company stock valued at $5,359,758 over the last ninety days. 0.47% of the stock is currently owned by company insiders.

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.