BWX Technologies, Inc. $BWXT Shares Acquired by Curi RMB Capital LLC

Key Points

• Curi RMB Capital LLC increased its stake in BWX Technologies by 3.5%, acquiring a total of 70,384 shares valued at approximately $6.94 million.
• BWX Technologies reported a quarterly EPS of $1.02, exceeding analysts' expectations, with a quarterly revenue of $764 million, reflecting a 12.1% increase year-over-year.
• The company declared a quarterly dividend of $0.25 per share, with an annualized yield of 0.6% and a payout ratio of 31.25%.

Curi RMB Capital LLC boosted its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 3.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,384 shares of the technology company's stock after purchasing an additional 2,379 shares during the period. Curi RMB Capital LLC owned approximately 0.08% of BWX Technologies worth $6,943,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bosun Asset Management LLC grew its stake in shares of BWX Technologies by 9.2% during the first quarter. Bosun Asset Management LLC now owns 25,266 shares of the technology company's stock valued at $2,492,000 after acquiring an additional 2,130 shares in the last quarter. Alliancebernstein L.P. grew its stake in BWX Technologies by 2.5% during the 1st quarter. Alliancebernstein L.P. now owns 818,418 shares of the technology company's stock valued at $80,737,000 after purchasing an additional 19,639 shares in the last quarter. Banque Transatlantique SA acquired a new stake in BWX Technologies during the 1st quarter valued at approximately $98,000. Royal Bank of Canada grew its stake in BWX Technologies by 65.8% during the 1st quarter. Royal Bank of Canada now owns 420,004 shares of the technology company's stock valued at $41,433,000 after purchasing an additional 166,614 shares in the last quarter. Finally, Graham Capital Management L.P. acquired a new stake in shares of BWX Technologies during the first quarter worth approximately $674,000. 94.39% of the stock is owned by institutional investors and hedge funds.

BWX Technologies Stock Performance

Shares of BWXT stock opened at $163.86 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.69 and a debt-to-equity ratio of 1.28. The business has a 50 day moving average of $155.60 and a two-hundred day moving average of $126.50. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 week high of $189.25. The company has a market cap of $14.98 billion, a P/E ratio of 51.21, a PEG ratio of 3.65 and a beta of 0.75.

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 analysts' consensus estimates of $0.79 by $0.23. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The company had revenue of $764.00 million during the quarter, compared to the consensus estimate of $708.00 million. During the same period in the previous year, the firm posted $0.82 earnings per share. BWX Technologies's quarterly revenue 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. As a group, analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Monday, August 18th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. BWX Technologies's payout ratio is 31.25%.

Analyst Ratings Changes

BWXT has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $150.00 price target (up previously from $119.00) on shares of BWX Technologies in a research report on Tuesday, July 8th. William Blair reissued an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. CLSA reissued an "outperform" rating and set a $177.60 price objective (up from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. Wall Street Zen downgraded BWX Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Truist Financial set a $145.00 price target on BWX Technologies and gave the stock a "hold" rating in a research note on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, BWX Technologies has an average rating of "Moderate Buy" and an average price target of $154.51.

Insider Activity

In other BWX Technologies news, CEO Rex D. Geveden sold 25,000 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $179.00, for a total transaction of $4,475,000.00. Following the completion of the transaction, the chief executive officer directly owned 197,594 shares of the company's stock, valued at $35,369,326. The trade was a 11.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Leland D. Melvin sold 600 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $178.26, for a total transaction of $106,956.00. Following the transaction, the director directly owned 5,579 shares of the company's stock, valued at $994,512.54. The trade was a 9.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 29,953 shares of company stock worth $5,359,758. 0.47% of the stock is owned by insiders.

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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