Allspring Global Investments Holdings LLC Takes Position in BWX Technologies, Inc. $BWXT

Key Points

• Allspring Global Investments acquired a new stake in BWX Technologies, purchasing 274,611 shares valued at approximately $38.5 million, representing 0.30% of the company.
• Multiple hedge funds significantly increased their stakes in BWX Technologies, with Valeo Financial Advisors boosting its position by 33,572% and others like Westwood Holdings Group and Sumitomo Mitsui increasing holdings substantially in the last quarter.
• BWX Technologies reported strong quarterly earnings, with a net margin of 10.28% and revenue of $764 million, successfully surpassing consensus estimates.

Allspring Global Investments Holdings LLC acquired a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 274,611 shares of the technology company's stock, valued at approximately $38,547,000. Allspring Global Investments Holdings LLC owned about 0.30% of BWX Technologies at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in BWXT. Valeo Financial Advisors LLC boosted its position in shares of BWX Technologies by 33,572.0% during the second quarter. Valeo Financial Advisors LLC now owns 1,517,599 shares of the technology company's stock valued at $2,228,000 after buying an additional 1,513,092 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in BWX Technologies by 19.7% during 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. Westwood Holdings Group Inc. boosted its holdings in shares of BWX Technologies by 279.0% during the 1st quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company's stock valued at $94,562,000 after acquiring an additional 705,648 shares during the last quarter. Blair William & Co. IL grew its stake 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 worth $77,242,000 after acquiring an additional 358,170 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of BWX Technologies by 6,116.6% during 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 purchasing an additional 318,125 shares during the last quarter. 94.39% of the stock is owned by institutional investors.

Insider Activity at BWX Technologies

In other BWX Technologies news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the stock in a transaction dated 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leland D. Melvin sold 600 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $178.26, for a total value of $106,956.00. Following the transaction, the director owned 5,579 shares of the company's stock, valued at approximately $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 worth $5,359,758 in the last quarter. 0.47% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Zacks Research raised shares of BWX Technologies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 7th. Maxim Group restated a "hold" rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Northland Capmk raised BWX Technologies to a "strong-buy" rating in a report on Tuesday, September 9th. Bank of America increased their target price on BWX Technologies from $155.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Finally, Northland Securities initiated coverage on BWX Technologies in a research report on Wednesday, September 10th. They issued an "outperform" rating and a $205.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, BWX Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $168.08.

BWX Technologies Stock Performance

NYSE BWXT opened at $203.94 on Thursday. The company has a quick ratio of 1.60, a current ratio of 1.69 and a debt-to-equity ratio of 1.28. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $214.00. The business has a 50-day moving average price of $175.74 and a 200-day moving average price of $142.39. The firm has a market cap of $18.64 billion, a price-to-earnings ratio of 63.73, a price-to-earnings-growth ratio of 4.03 and a beta of 0.78.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate 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 in the prior year, the company posted $0.82 EPS. The firm'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, equities research analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, August 18th. BWX Technologies's payout ratio is currently 31.25%.

BWX Technologies Company Profile

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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