BWX Technologies, Inc. $BWXT is Copeland Capital Management LLC's 8th Largest Position

Key Points

• Copeland Capital Management LLC has reduced its stake in BWX Technologies by 19.8%, now holding approximately 1.7% of the company's shares.
• Notable institutional investors such as T. Rowe Price and Westwood Holdings have increased their positions in BWX Technologies significantly during the first quarter.
• BWX Technologies announced a quarterly dividend of $0.25 per share, representing a 0.5% dividend yield with a payout ratio of 31.25%.

Copeland Capital Management LLC reduced its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 19.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 559,994 shares of the technology company's stock after selling 138,043 shares during the quarter. BWX Technologies comprises approximately 1.7% of Copeland Capital Management LLC's holdings, making the stock its 8th largest position. Copeland Capital Management LLC owned about 0.61% of BWX Technologies worth $80,673,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BWXT. T. Rowe Price Investment Management Inc. boosted its position in shares of BWX Technologies by 19.7% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,503,679 shares of the technology company's stock valued at $444,288,000 after acquiring an additional 741,282 shares during the last quarter. Westwood Holdings Group Inc. boosted its position in shares of BWX Technologies by 279.0% during the 1st quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company's stock valued at $94,562,000 after acquiring an additional 705,648 shares during the last quarter. Blair William & Co. IL boosted its position in shares of BWX Technologies by 84.3% during the 1st quarter. Blair William & Co. IL now owns 782,991 shares of the technology company's stock valued at $77,242,000 after acquiring an additional 358,170 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of BWX Technologies by 6,116.6% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 323,326 shares of the technology company's stock valued at $31,896,000 after acquiring an additional 318,125 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. bought a new position in shares of BWX Technologies during the 1st quarter valued at approximately $31,318,000. 94.39% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of BWX Technologies 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 sale, the senior vice president directly owned 10,149 shares in the company, valued at approximately $1,800,737.07. This trade represents a 17.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Omar Fathi Meguid sold 2,261 shares of BWX Technologies stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $179.84, for a total value of $406,618.24. Following the sale, the senior vice president owned 2,361 shares of the company's stock, valued at approximately $424,602.24. This trade represents a 48.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,953 shares of company stock valued at $5,359,758 in the last three months. 0.47% of the stock is owned by company insiders.

Analyst Ratings Changes

BWXT has been the subject of a number of research reports. Maxim Group reiterated a "hold" rating on shares of BWX Technologies in a research report on Wednesday, August 6th. William Blair reiterated an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, September 17th. Wedbush reiterated an "outperform" rating on shares of BWX Technologies in a research report on Wednesday. Wall Street Zen downgraded BWX Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Northland Securities began coverage on BWX Technologies in a research report on Wednesday, September 10th. They issued an "outperform" rating and a $205.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $160.83.

BWX Technologies Stock Down 0.7%

Shares of BWXT opened at $185.87 on Friday. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $190.01. The company has a market cap of $16.99 billion, a PE ratio of 58.09, a P/E/G ratio of 4.24 and a beta of 0.78. The business has a fifty day moving average of $168.95 and a 200 day moving average of $136.57. 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 released its 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. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The business had revenue of $764.00 million during the quarter, compared to the consensus estimate of $708.00 million. During the same period last year, the company earned $0.82 earnings per share. The business'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. On average, sell-side analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Monday, August 18th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, August 18th. BWX Technologies's dividend payout ratio (DPR) is 31.25%.

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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