Baird Financial Group Inc. Has $45.41 Million Stake in BWX Technologies, Inc. $BWXT

Key Points

• Baird Financial Group Inc. increased its stake in BWX Technologies by 35.6%, holding a total of 460,326 shares valued at approximately $45.4 million as of its latest SEC filing.
• BWX Technologies reported $1.02 earnings per share, exceeding analyst expectations, with revenue for the quarter at $764 million, marking a 12.1% year-over-year increase.
• The company announced a quarterly dividend of $0.25 per share, translating to an annualized dividend yield of 0.6%, with a payout ratio of 31.25%.

Baird Financial Group Inc. grew its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 35.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 460,326 shares of the technology company's stock after acquiring an additional 120,851 shares during the period. Baird Financial Group Inc. owned 0.50% of BWX Technologies worth $45,411,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BWXT. Stone House Investment Management LLC acquired a new stake in shares of BWX Technologies in the first quarter valued at approximately $31,000. Ameriflex Group Inc. acquired a new stake in shares of BWX Technologies in the fourth quarter valued at approximately $34,000. MassMutual Private Wealth & Trust FSB raised its position in shares of BWX Technologies by 200.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock valued at $35,000 after buying an additional 236 shares in the last quarter. HHM Wealth Advisors LLC raised its position in shares of BWX Technologies by 34.5% in the first quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock valued at $38,000 after buying an additional 100 shares in the last quarter. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of BWX Technologies in the fourth quarter valued at approximately $40,000. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BWXT has been the subject of a number of analyst reports. CLSA reiterated an "outperform" rating and issued a $177.60 price target (up from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. Maxim Group reiterated a "hold" rating on shares of BWX Technologies in a research report on Wednesday, August 6th. Truist Financial set a $145.00 price target on shares of BWX Technologies and gave the company a "hold" rating in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $150.00 price objective (up from $119.00) on shares of BWX Technologies in a research report on Tuesday, July 8th. Finally, Bank of America boosted their price objective 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 analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $154.51.

BWX Technologies Price Performance

Shares of NYSE BWXT traded up $0.60 during midday trading on Wednesday, reaching $160.63. 1,015,006 shares of the company were exchanged, compared to its average volume of 1,307,028. The stock's 50-day moving average price is $155.16 and its 200-day moving average price is $126.11. The stock has a market cap of $14.68 billion, a P/E ratio of 44.03, a PEG ratio of 3.67 and a beta of 0.75. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $189.25. 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 (NYSE:BWXT - Get Free Report) last posted its earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.23. The firm had revenue of $764.00 million for the quarter, compared to analysts' expectations of $708.00 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The company's revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Monday, August 18th will be paid a $0.25 dividend. 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 payout ratio is currently 31.25%.

Insider Buying and Selling at BWX Technologies

In related news, Director Leland D. Melvin sold 600 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $178.26, for a total value of $106,956.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Omar Fathi Meguid sold 2,261 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $179.84, for a total transaction of $406,618.24. Following the completion of the sale, the senior vice president directly owned 2,361 shares in the company, valued at approximately $424,602.24. This represents a 48.92% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,953 shares of company stock worth $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.