ARK Investment Management LLC Acquires 519,285 Shares of BWX Technologies, Inc. $BWXT

Key Points

• ARK Investment Management LLC has significantly increased its holdings in BWX Technologies by 426.5% in the second quarter, acquiring an additional 519,285 shares to reach a total of 641,049 shares, valued at approximately $92.35 million.
• BWX Technologies reported an earnings per share (EPS) of $1.02 for the last quarter, exceeding analysts’ expectations of $0.79, and demonstrated a 12.1% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.25 per share, with an annualized yield of 0.5%, and currently has a dividend payout ratio of 31.25%.

ARK Investment Management LLC grew its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 426.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 641,049 shares of the technology company's stock after purchasing an additional 519,285 shares during the quarter. ARK Investment Management LLC owned approximately 0.70% of BWX Technologies worth $92,350,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Stone House Investment Management LLC bought a new position in shares of BWX Technologies during the 1st quarter worth approximately $31,000. Compass Financial Services Inc bought a new position in shares of BWX Technologies during the 1st quarter worth approximately $33,000. HHM Wealth Advisors LLC increased its stake in BWX Technologies by 34.5% during the 1st quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock valued at $38,000 after purchasing an additional 100 shares in the last quarter. Farther Finance Advisors LLC increased its stake in BWX Technologies by 109.6% during the 1st quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock valued at $46,000 after purchasing an additional 240 shares in the last quarter. Finally, National Bank of Canada FI increased its stake in BWX Technologies by 369.7% during the 1st quarter. National Bank of Canada FI now owns 559 shares of the technology company's stock valued at $55,000 after purchasing an additional 440 shares in the last quarter. Institutional investors own 94.39% of the company's stock.

BWX Technologies Stock Down 1.2%

BWXT stock opened at $205.24 on Wednesday. The firm has a market cap of $18.76 billion, a PE ratio of 64.14, a P/E/G ratio of 4.13 and a beta of 0.78. 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 firm's fifty day moving average is $177.92 and its 200 day moving average is $145.74. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $214.72.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.79 by $0.23. The company had revenue of $764.00 million for the quarter, compared to analyst estimates of $708.00 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The firm's revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the business earned $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, research analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 18th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, August 18th. BWX Technologies's dividend payout ratio (DPR) is currently 31.25%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Maxim Group restated a "hold" rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Zacks Research raised shares of BWX Technologies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 7th. Northland Capmk raised shares of BWX Technologies to a "strong-buy" rating in a report on Tuesday, September 9th. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a report on Wednesday, September 17th. Finally, Weiss Ratings downgraded shares of BWX Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, October 8th. Three investment 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 an average price target of $168.08.

Insider Activity

In related news, CEO Rex D. Geveden sold 25,000 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $179.00, for a total transaction of $4,475,000.00. Following the sale, the chief executive officer owned 197,594 shares in the company, valued at approximately $35,369,326. This trade represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leland D. Melvin sold 600 shares of the firm's stock in a transaction on Monday, August 11th. The shares were 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 in the company, valued at approximately $994,512.54. This represents a 9.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,953 shares of company stock worth $5,359,758 in the last ninety days. Corporate 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.

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