Bayforest Capital Ltd Boosts Holdings in BWX Technologies, Inc. $BWXT

Key Points

• Bayforest Capital Ltd significantly increased its stake in BWX Technologies by 641.3% in Q1, owning 3,877 shares valued at $382,000.
• Several institutional investors, including Ameriprise Financial and CoreCap Advisors, also boosted their investments in BWX Technologies during recent quarters, leading to a total of 94.39% ownership by hedge funds and institutional investors.
• Analyst ratings for BWX Technologies are generally positive, with a consensus rating of "Moderate Buy" and a price target range suggesting strong growth potential.

Bayforest Capital Ltd grew its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 641.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,877 shares of the technology company's stock after acquiring an additional 3,354 shares during the quarter. Bayforest Capital Ltd's holdings in BWX Technologies were worth $382,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. increased its stake in BWX Technologies by 43.4% in the 4th quarter. Ameriprise Financial Inc. now owns 173,851 shares of the technology company's stock worth $19,365,000 after purchasing an additional 52,598 shares during the period. Cetera Investment Advisers increased its stake in BWX Technologies by 38.7% in the 4th quarter. Cetera Investment Advisers now owns 25,763 shares of the technology company's stock worth $2,870,000 after purchasing an additional 7,190 shares during the period. CoreCap Advisors LLC increased its stake in BWX Technologies by 220.1% in the 4th quarter. CoreCap Advisors LLC now owns 877 shares of the technology company's stock worth $98,000 after purchasing an additional 603 shares during the period. Deutsche Bank AG increased its stake in BWX Technologies by 6.8% in the 4th quarter. Deutsche Bank AG now owns 172,837 shares of the technology company's stock worth $19,252,000 after purchasing an additional 11,022 shares during the period. Finally, Focus Partners Wealth increased its stake in BWX Technologies by 3.9% in the 4th quarter. Focus Partners Wealth now owns 19,508 shares of the technology company's stock worth $2,173,000 after purchasing an additional 731 shares during the period. 94.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BWXT has been the topic of a number of analyst reports. Northland Securities initiated coverage on BWX Technologies in a research note on Wednesday. They issued an "outperform" rating and a $205.00 price target on the stock. Maxim Group reaffirmed a "hold" rating on shares of BWX Technologies in a research note on Wednesday, August 6th. CLSA reissued an "outperform" rating and set a $177.60 target price (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Bank of America boosted their target price on BWX Technologies from $155.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Finally, William Blair reiterated an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, BWX Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $160.83.

Insider Transactions at BWX Technologies

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 value of $371,183.56. Following the sale, the senior vice president directly owned 10,149 shares of the company's stock, valued at $1,800,737.07. This represents a 17.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rex D. Geveden sold 25,000 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $179.00, for a total value of $4,475,000.00. Following the completion of the sale, the chief executive officer directly owned 197,594 shares in the company, valued at approximately $35,369,326. The trade was a 11.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,953 shares of company stock valued at $5,359,758 in the last three months. Company insiders own 0.47% of the company's stock.

BWX Technologies Stock Performance

NYSE:BWXT opened at $165.76 on Thursday. The stock has a market cap of $15.15 billion, a P/E ratio of 51.80, a price-to-earnings-growth ratio of 3.68 and a beta of 0.75. The firm's fifty day simple moving average is $157.33 and its 200 day simple moving average is $128.12. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month 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 issued its quarterly earnings results 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 company had revenue of $764.00 million for the quarter, compared to analysts' expectations of $708.00 million. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The firm's revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.82 earnings per share. 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 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 paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, August 18th. BWX Technologies's dividend payout ratio is presently 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.

Want to see what other hedge funds are holding BWXT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BWX Technologies, Inc. (NYSE:BWXT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.