Exchange Traded Concepts LLC Grows Holdings in BWX Technologies, Inc. $BWXT

Key Points

• Exchange Traded Concepts LLC increased its holdings in BWX Technologies by 35.3%, now owning 43,777 shares valued at approximately $6.3 million.
• Several hedge funds have recently adjusted their positions in BWX Technologies, with institutional investors currently owning 94.39% of the stock.
• BWX Technologies reported earnings of $1.02 per share for the last quarter, surpassing analysts' expectations and marking a 12.1% increase in revenue year-over-year.

Exchange Traded Concepts LLC grew its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 35.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,777 shares of the technology company's stock after buying an additional 11,432 shares during the quarter. Exchange Traded Concepts LLC's holdings in BWX Technologies were worth $6,307,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

BWXT has been the topic of several analyst reports. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, September 17th. Wall Street Zen downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $150.00 target price (up previously from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. Truist Financial set a $145.00 target price on shares of BWX Technologies and gave the company a "hold" rating in a report on Tuesday, August 5th. Finally, CLSA restated an "outperform" rating and set a $177.60 target price (up previously from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, BWX Technologies has a consensus rating of "Moderate Buy" and an average target price of $160.83.

Insider Buying and Selling at BWX Technologies

In other news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the company's stock in a transaction dated 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 sale, the senior vice president owned 10,149 shares of the company's stock, valued at $1,800,737.07. This represents a 17.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Omar Fathi Meguid sold 2,261 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $179.84, for a total transaction of $406,618.24. Following the sale, the senior vice president directly owned 2,361 shares of the company's stock, valued at $424,602.24. The trade was a 48.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,953 shares of company stock worth $5,359,758 over the last 90 days. 0.47% of the stock is owned by company insiders.

BWX Technologies Stock Performance

NYSE:BWXT traded up $2.12 during mid-day trading on Tuesday, reaching $180.31. The company's stock had a trading volume of 350,717 shares, compared to its average volume of 1,131,517. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $189.25. The firm's fifty day moving average price is $162.57 and its two-hundred day moving average price is $132.45. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28. The stock has a market cap of $16.48 billion, a P/E ratio of 56.36, a PEG ratio of 3.95 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 earnings per share for the quarter, topping 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 business had revenue of $764.00 million during the quarter, compared to analyst estimates of $708.00 million. During the same quarter in the previous year, the firm earned $0.82 EPS. BWX Technologies's 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. On average, equities analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. BWX Technologies's dividend payout ratio is presently 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.