Bridges Investment Management Inc. Has $41.55 Million Holdings in BWX Technologies, Inc. $BWXT

Key Points

• Bridges Investment Management Inc. increased its stake in BWX Technologies, Inc. by 2.0% during Q2, holding 288,401 shares valued at approximately $41.55 million.
• BWX Technologies reported an EPS of $1.02 for the most recent quarter, exceeding estimates, with a 12.1% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.25, which equates to an annual yield of 0.5%, with a payout ratio of 31.25%.

Bridges Investment Management Inc. raised its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 2.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 288,401 shares of the technology company's stock after buying an additional 5,589 shares during the period. Bridges Investment Management Inc. owned 0.32% of BWX Technologies worth $41,547,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BWXT. Farther Finance Advisors LLC raised its stake in shares of BWX Technologies by 109.6% in the first quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock worth $46,000 after acquiring an additional 240 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of BWX Technologies by 9.8% in the first quarter. Fifth Third Bancorp now owns 3,136 shares of the technology company's stock worth $309,000 after acquiring an additional 279 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of BWX Technologies by 343.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 33,063 shares of the technology company's stock worth $3,262,000 after acquiring an additional 25,615 shares during the last quarter. Sowell Financial Services LLC bought a new position in shares of BWX Technologies in the first quarter worth about $460,000. Finally, State of Alaska Department of Revenue raised its stake in shares of BWX Technologies by 0.6% in the first quarter. State of Alaska Department of Revenue now owns 50,753 shares of the technology company's stock worth $5,006,000 after acquiring an additional 285 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Stock Up 0.7%

Shares of NYSE:BWXT opened at $203.94 on Thursday. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 week high of $214.00. 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 company has a market capitalization of $18.64 billion, a PE ratio of 63.73, a PEG ratio of 4.03 and a beta of 0.78. The company has a 50 day moving average price of $175.74 and a two-hundred day moving average price of $142.39.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its 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. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The firm 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 earnings per share. The business's quarterly revenue was up 12.1% on a year-over-year basis. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, August 18th. BWX Technologies's dividend payout ratio is presently 31.25%.

Insider Activity

In other BWX Technologies news, Director Leland D. Melvin sold 600 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director owned 5,579 shares of the company's stock, valued at approximately $994,512.54. This represents a 9.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the company's stock in a transaction that occurred on Monday, August 11th. The shares were 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 owned 10,149 shares of the company's stock, valued at $1,800,737.07. This trade represents a 17.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,953 shares of company stock worth $5,359,758 over the last three months. Company insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

BWXT has been the subject of a number of research analyst reports. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, September 17th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of BWX Technologies and gave the stock a "hold" rating in a research note on Wednesday, October 8th. Maxim Group reaffirmed a "hold" rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Wall Street Zen downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Weiss Ratings downgraded shares of BWX Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $168.08.

About BWX Technologies

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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