Ballentine Partners LLC Takes Position in BWX Technologies, Inc. $BWXT

Key Points

• Ballentine Partners LLC has acquired a new position in BWX Technologies, purchasing 1,909 shares worth approximately $275,000 in the second quarter.
• BWX Technologies reported earnings of $1.02 per share, surpassing analysts' expectations of $0.79, alongside a revenue of $764 million for the recent quarter.
• The company declared a quarterly dividend of $0.25 per share, with a yield of 0.6% and a payout ratio of 31.25%.

Ballentine Partners LLC purchased a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,909 shares of the technology company's stock, valued at approximately $275,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Intrua Financial LLC boosted its holdings in BWX Technologies by 3.9% in the 1st quarter. Intrua Financial LLC now owns 2,625 shares of the technology company's stock worth $259,000 after acquiring an additional 99 shares during the period. HHM Wealth Advisors LLC lifted its position in shares of BWX Technologies by 34.5% during the first quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock worth $38,000 after purchasing an additional 100 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of BWX Technologies by 12.7% in the second quarter. UMB Bank n.a. now owns 1,031 shares of the technology company's stock valued at $149,000 after purchasing an additional 116 shares during the period. Gateway Investment Advisers LLC boosted its stake in shares of BWX Technologies by 6.0% in the first quarter. Gateway Investment Advisers LLC now owns 2,154 shares of the technology company's stock valued at $212,000 after purchasing an additional 121 shares during the period. Finally, Mesirow Financial Investment Management Inc. grew its holdings in BWX Technologies by 3.3% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 4,186 shares of the technology company's stock valued at $413,000 after purchasing an additional 132 shares in the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

BWX Technologies Stock Up 2.5%

Shares of NYSE:BWXT opened at $180.69 on Monday. The company's fifty day moving average is $165.51 and its two-hundred day moving average is $134.70. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $189.25. The stock has a market capitalization of $16.52 billion, a price-to-earnings ratio of 56.47, a price-to-earnings-growth ratio of 4.09 and a beta of 0.75.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The technology company reported $1.02 earnings per share 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 the consensus estimate of $708.00 million. During the same quarter in the prior year, the firm earned $0.82 EPS. The company'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. Equities analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Monday, August 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. BWX Technologies's payout ratio is currently 31.25%.

Analyst Ratings Changes

Several analysts have recently weighed in on BWXT shares. Truist Financial set a $145.00 target price on BWX Technologies and gave the company a "hold" rating in a research note on Tuesday, August 5th. Maxim Group reissued a "hold" rating on shares of BWX Technologies in a report on Wednesday, August 6th. Bank of America lifted their price objective on BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft reaffirmed 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. Finally, Northland Securities assumed coverage on shares of BWX Technologies in a research report on Wednesday, September 10th. They set an "outperform" rating and a $205.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $160.83.

Insider Buying and Selling

In related news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the company's stock in a transaction on Monday, August 11th. The stock was 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 directly owned 10,149 shares in the company, valued at $1,800,737.07. This represents a 17.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Omar Fathi Meguid sold 2,261 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $179.84, for a total value of $406,618.24. Following the completion of the sale, the senior vice president owned 2,361 shares in the company, valued at $424,602.24. The trade was a 48.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,953 shares of company stock valued at $5,359,758 in the last 90 days. Corporate insiders own 0.47% of the company's stock.

BWX Technologies 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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