BWX Technologies, Inc. $BWXT Stake Lessened by American Century Companies Inc.

Key Points

• American Century Companies Inc. reduced its stake in BWX Technologies by 39.6%, bringing its ownership to 462,603 shares valued at approximately $45.6 million.
• Despite American Century's cut, other investors like Dimensional Fund Advisors and Fox Run Management increased their positions in BWX Technologies during the same period.
• BWX Technologies recently reported earnings per share (EPS) of $1.02, surpassing analysts' expectations and projecting future EPS between 3.650 and 3.750 for FY 2025.

American Century Companies Inc. lowered its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 39.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 462,603 shares of the technology company's stock after selling 302,924 shares during the period. American Century Companies Inc. owned about 0.51% of BWX Technologies worth $45,636,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vontobel Holding Ltd. acquired a new stake in BWX Technologies during the first quarter valued at approximately $383,000. Synergy Asset Management LLC acquired a new stake in shares of BWX Technologies during the 1st quarter worth approximately $296,000. Clear Creek Financial Management LLC acquired a new stake in shares of BWX Technologies during the 1st quarter worth approximately $223,000. Artemis Investment Management LLP acquired a new stake in shares of BWX Technologies during the 1st quarter worth approximately $19,331,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of BWX Technologies by 343.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 33,063 shares of the technology company's stock worth $3,262,000 after purchasing an additional 25,615 shares during the period. Hedge funds and other institutional investors own 94.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BWXT. Wall Street Zen cut BWX Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $150.00 target price (up from $119.00) on shares of BWX Technologies in a research report on Tuesday, July 8th. CLSA restated an "outperform" rating and issued a $177.60 target price (up from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. William Blair restated an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. Finally, Truist Financial set a $145.00 target price on BWX Technologies and gave the company a "hold" rating in a research report on Tuesday, August 5th. One investment 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 issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $154.51.

Insider Buying and Selling

In other news, CEO Rex D. Geveden sold 25,000 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $179.00, for a total transaction of $4,475,000.00. Following the completion of the sale, the chief executive officer directly owned 197,594 shares of the company's stock, valued at $35,369,326. This trade represents a 11.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Leland D. Melvin sold 600 shares of the firm's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $178.26, for a total value of $106,956.00. Following the sale, the director directly owned 5,579 shares of the company's stock, valued at approximately $994,512.54. This represents a 9.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,953 shares of company stock valued at $5,359,758. 0.47% of the stock is owned by insiders.

BWX Technologies Price Performance

NYSE BWXT traded up $0.4940 on Monday, reaching $163.5840. 684,847 shares of the stock traded hands, compared to its average volume of 1,131,083. The firm's fifty day simple moving average is $151.64 and its 200 day simple moving average is $123.40. The company has a quick ratio of 1.60, a current ratio of 1.69 and a debt-to-equity ratio of 1.28. The company has a market cap of $14.95 billion, a price-to-earnings ratio of 51.18, a P/E/G ratio of 3.69 and a beta of 0.73. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $189.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $764.00 million during the quarter, compared to analyst estimates of $708.00 million. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The company's revenue was up 12.1% compared to the same quarter last year. During the same period last year, the company posted $0.82 EPS. 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 fiscal year.

BWX Technologies Announces Dividend

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