AlphaQuest LLC Increases Stock Position in BWX Technologies, Inc. $BWXT

Key Points

• AlphaQuest LLC increased its stake in BWX Technologies by 42.1%, now owning a total of 7,485 shares valued at approximately $738,000.
• CEO Rex D. Geveden sold 25,000 shares of BWX Technologies for about $4.47 million, marking an 11.23% decrease in his ownership.
• Equities analysts have a consensus rating of "Moderate Buy" for BWX Technologies, with target prices ranging from $145.00 to $220.00.

AlphaQuest LLC raised its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 42.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,485 shares of the technology company's stock after acquiring an additional 2,217 shares during the quarter. AlphaQuest LLC's holdings in BWX Technologies were worth $738,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BWXT. Stone House Investment Management LLC purchased a new stake in shares of BWX Technologies during the 1st quarter worth $31,000. Ameriflex Group Inc. acquired a new stake in BWX Technologies in the fourth quarter valued at $34,000. MassMutual Private Wealth & Trust FSB lifted its holdings in BWX Technologies by 200.0% during the 1st 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 during the last quarter. HHM Wealth Advisors LLC lifted its holdings in BWX Technologies by 34.5% during the 1st quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock worth $38,000 after buying an additional 100 shares during the last quarter. Finally, Vermillion Wealth Management Inc. acquired a new position in shares of BWX Technologies during the 4th quarter worth about $40,000. 94.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on BWXT. Maxim Group reissued a "hold" rating on shares of BWX Technologies in a research 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. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $150.00 target price (up previously from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. Truist Financial set a $145.00 price target on shares of BWX Technologies and gave the stock a "hold" rating in a research note on Tuesday, August 5th. Finally, Bank of America boosted their price target on shares of BWX Technologies from $155.00 to $220.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $154.51.

BWX Technologies Stock Performance

BWX Technologies stock traded down $4.15 during midday trading on Friday, hitting $161.69. 471,832 shares of the company's stock were exchanged, compared to its average volume of 1,127,603. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $189.25. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69. The stock has a market cap of $14.78 billion, a price-to-earnings ratio of 50.60, a price-to-earnings-growth ratio of 3.75 and a beta of 0.73. The firm's 50 day simple moving average is $153.63 and its 200 day simple moving average is $124.67.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its earnings results on Monday, August 4th. The technology company reported $1.02 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 business had revenue of $764.00 million during the quarter, compared to analysts' expectations of $708.00 million. During the same period in the prior year, the company earned $0.82 earnings per share. The business's revenue 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. Equities research analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

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

Insider Buying and Selling

In other news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $177.43, for a total value of $371,183.56. Following the transaction, the senior vice president owned 10,149 shares of the company's stock, valued at approximately $1,800,737.07. The trade was a 17.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Rex D. Geveden sold 25,000 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $179.00, for a total value of $4,475,000.00. Following the sale, the chief executive officer directly owned 197,594 shares of the company's stock, valued at approximately $35,369,326. This represents a 11.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,953 shares of company stock valued at $5,359,758. Company insiders own 0.47% of the company's stock.

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.