Bank of Nova Scotia Takes Position in BWX Technologies, Inc. $BWXT

Bank of Nova Scotia bought a new stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 48,000 shares of the technology company's stock, valued at approximately $9,343,000. Bank of Nova Scotia owned approximately 0.05% of BWX Technologies at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. WFA of San Diego LLC bought a new stake in shares of BWX Technologies during the second quarter worth about $29,000. MV Capital Management Inc. bought a new position in shares of BWX Technologies in the fourth quarter valued at approximately $32,000. Tucker Asset Management LLC bought a new position in shares of BWX Technologies in the fourth quarter valued at approximately $36,000. Vermillion Wealth Management Inc. boosted its position in shares of BWX Technologies by 71.7% during the fourth quarter. Vermillion Wealth Management Inc. now owns 237 shares of the technology company's stock valued at $41,000 after buying an additional 99 shares during the last quarter. Finally, Smithfield Trust Co lifted its stake in BWX Technologies by 52.1% during the 4th quarter. Smithfield Trust Co now owns 251 shares of the technology company's stock valued at $44,000 after acquiring an additional 86 shares in the last quarter. Institutional investors own 94.39% of the company's stock.

BWX Technologies Price Performance

NYSE BWXT opened at $149.40 on Tuesday. The firm's 50-day simple moving average is $179.81 and its two-hundred day simple moving average is $196.91. BWX Technologies, Inc. has a 52 week low of $149.16 and a 52 week high of $241.82. The company has a quick ratio of 2.33, a current ratio of 2.40 and a debt-to-equity ratio of 1.51. The company has a market cap of $13.69 billion, a PE ratio of 38.71, a price-to-earnings-growth ratio of 2.45 and a beta of 0.76.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The technology company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.03. BWX Technologies had a net margin of 10.11% and a return on equity of 30.83%. The company had revenue of $901.62 million for the quarter, compared to analysts' expectations of $902.41 million. During the same period in the prior year, the company posted $1.02 EPS. BWX Technologies's revenue was up 18.0% compared to the same quarter last year. BWX Technologies has set its FY 2026 guidance at 4.700-4.800 EPS. Research analysts predict that BWX Technologies, Inc. will post 4.75 earnings per share for the current year.

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Tuesday, August 18th will be paid a $0.27 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $1.08 annualized dividend and a yield of 0.7%. BWX Technologies's dividend payout ratio (DPR) is currently 27.98%.

Insider Buying and Selling

In other BWX Technologies news, CEO Rex D. Geveden sold 10,000 shares of BWX Technologies stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $172.50, for a total transaction of $1,725,000.00. Following the completion of the transaction, the chief executive officer owned 192,491 shares of the company's stock, valued at $33,204,697.50. The trade was a 4.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BWXT. Zacks Research lowered shares of BWX Technologies from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 11th. JPMorgan Chase & Co. began coverage on shares of BWX Technologies in a research report on Monday, July 27th. They set an "overweight" rating and a $230.00 price target on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of BWX Technologies from a "hold" rating to a "buy" rating and boosted their price target for the stock from $205.00 to $255.00 in a report on Friday, May 15th. Weiss Ratings upgraded shares of BWX Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, August 12th. Finally, Wall Street Zen cut shares of BWX Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $227.20.

BWX Technologies Company Profile

BWX Technologies, Inc NYSE: BWXT is a specialized supplier of nuclear components and services, primarily serving the U.S. government and commercial markets. The company's core expertise lies in the design, fabrication and servicing of nuclear propulsion systems for the U.S. Navy, where it supports the maintenance and overhaul of naval nuclear reactors. In addition to defense applications, BWXT develops small modular reactors (SMRs), nuclear fuel and related technologies for non‐defense power generation, offering scalable solutions to meet evolving energy and industrial demands.

Beyond propulsion and power systems, BWXT is a leading producer of medical radioisotopes used in diagnostic imaging and cancer treatment.

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