BWX Technologies, Inc. $BWXT Shares Acquired by Royal Bank of Canada

Key Points

• Royal Bank of Canada increased its stake in BWX Technologies by 65.8%, acquiring an additional 166,614 shares during the first quarter.
• BWX Technologies reported earnings per share of $1.02, surpassing analyst expectations of $0.79, alongside a revenue of $764 million for the quarter.
• Wall Street analysts have varied opinions, with a consensus rating of "Moderate Buy" and price target estimates ranging significantly, including a recent high of $220.00 from Bank of America.

Royal Bank of Canada increased its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 65.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 420,004 shares of the technology company's stock after purchasing an additional 166,614 shares during the period. Royal Bank of Canada owned 0.46% of BWX Technologies worth $41,433,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. HHM Wealth Advisors LLC increased its position in BWX Technologies by 34.5% during the first quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock worth $38,000 after buying an additional 100 shares during the period. Gateway Investment Advisers LLC boosted its holdings in shares of BWX Technologies by 6.0% in the first quarter. Gateway Investment Advisers LLC now owns 2,154 shares of the technology company's stock valued at $212,000 after acquiring an additional 121 shares during the period. Mesirow Financial Investment Management Inc. grew its position in shares of BWX Technologies by 3.3% during the first quarter. Mesirow Financial Investment Management Inc. now owns 4,186 shares of the technology company's stock worth $413,000 after acquiring an additional 132 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of BWX Technologies by 2.0% in the 1st quarter. Avantax Advisory Services Inc. now owns 7,136 shares of the technology company's stock valued at $704,000 after acquiring an additional 141 shares during the period. Finally, Commerce Bank increased its holdings in shares of BWX Technologies by 6.9% in the 1st quarter. Commerce Bank now owns 2,313 shares of the technology company's stock valued at $228,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 94.39% of the company's stock.

BWX Technologies Price Performance

BWX Technologies stock traded up $4.09 during midday trading on Thursday, reaching $170.22. The company's stock had a trading volume of 1,095,429 shares, compared to its average volume of 1,042,944. The firm has a market capitalization of $15.56 billion, a PE ratio of 53.19, a P/E/G ratio of 3.76 and a beta of 0.75. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $189.25. The stock's 50 day simple moving average is $157.81 and its 200 day simple moving average is $128.61. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly 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. The business had revenue of $764.00 million for the quarter, compared to analysts' expectations of $708.00 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The business's revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 EPS. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, equities research analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The business 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Monday, August 18th. BWX Technologies's dividend payout ratio (DPR) is presently 31.25%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BWXT. Northland Securities began coverage on shares of BWX Technologies in a research note on Wednesday. They set an "outperform" rating and a $205.00 price target for the company. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $150.00 price target (up from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. Maxim Group reissued a "hold" rating on shares of BWX Technologies in a research note on Wednesday, August 6th. William Blair restated an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. Finally, Wall Street Zen cut shares of BWX Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $160.83.

Insider Transactions at BWX Technologies

In other BWX Technologies news, Director Leland D. Melvin sold 600 shares of the company'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 sale, the director owned 5,579 shares of the company's stock, valued at $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, CEO Rex D. Geveden sold 25,000 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $179.00, for a total transaction of $4,475,000.00. Following the sale, the chief executive officer directly owned 197,594 shares in the company, valued at $35,369,326. This represents a 11.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,953 shares of company stock worth $5,359,758 over the last quarter. Insiders own 0.47% of the company's stock.

BWX Technologies Company 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.