BWX Technologies, Inc. $BWXT Holdings Lifted by Magnetar Financial LLC

Key Points

• Magnetar Financial LLC increased its stake in BWX Technologies by 143.2%, acquiring an additional 48,371 shares during the first quarter, now holding 82,150 shares worth approximately $8.1 million.
• BWX Technologies reported earnings of $1.02 per share for the quarter, surpassing analysts' expectations, with a revenue increase of 12.1% year-over-year, totaling $764 million.
• The company declared a quarterly dividend of $0.25 per share, representing a yield of 0.6%, set to be paid on September 5th, with a dividend payout ratio of 31.25%.

Magnetar Financial LLC raised its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 143.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 82,150 shares of the technology company's stock after purchasing an additional 48,371 shares during the period. Magnetar Financial LLC owned about 0.09% of BWX Technologies worth $8,104,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in BWXT. Stone House Investment Management LLC acquired a new position in shares of BWX Technologies in the 1st quarter valued at approximately $31,000. Ameriflex Group Inc. acquired a new position in shares of BWX Technologies in the 4th quarter valued at approximately $34,000. MassMutual Private Wealth & Trust FSB raised its position in shares of BWX Technologies by 200.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock valued at $35,000 after purchasing an additional 236 shares in the last quarter. HHM Wealth Advisors LLC raised its position in shares of BWX Technologies by 34.5% during the 1st quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock valued at $38,000 after acquiring an additional 100 shares in the last quarter. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of BWX Technologies during the 4th quarter valued at approximately $40,000. 94.39% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Rex D. Geveden sold 25,000 shares of the 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 transaction, the chief executive officer owned 197,594 shares of the company's stock, valued at approximately $35,369,326. This represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Leland D. Melvin sold 600 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $178.26, for a total value of $106,956.00. Following the transaction, the director directly owned 5,579 shares of the company's stock, valued at $994,512.54. This represents a 9.71% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,953 shares of company stock worth $5,359,758. 0.47% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Truist Financial set a $145.00 price target on BWX Technologies and gave the company a "hold" rating in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $150.00 price target (up from $119.00) on shares of BWX Technologies in a research report on Tuesday, July 8th. Maxim Group reissued a "hold" rating on shares of BWX Technologies in a research report on Wednesday, August 6th. Wall Street Zen lowered BWX Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, CLSA reissued an "outperform" rating and issued a $177.60 price target (up previously from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. One 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, BWX Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $154.51.

BWX Technologies Stock Performance

BWXT traded down $3.90 during trading on Monday, reaching $161.94. 847,318 shares of the company were exchanged, compared to its average volume of 1,389,134. The stock has a market cap of $14.80 billion, a P/E ratio of 50.60, a PEG ratio of 3.67 and a beta of 0.75. The firm has a 50 day moving average of $154.02 and a 200 day moving average of $125.24. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 week high of $189.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The technology company reported $1.02 EPS 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 firm had revenue of $764.00 million during the quarter, compared to the consensus estimate of $708.00 million. During the same period in the prior year, the business earned $0.82 EPS. The firm'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, sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Monday, August 18th will be paid a $0.25 dividend. 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 dividend payout ratio is presently 31.25%.

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.