BWX Technologies, Inc. $BWXT Shares Acquired by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management has increased its stake in BWX Technologies by 2.2%, now owning 326,414 shares valued at approximately $32 million, as of its latest SEC filing.
• BWX Technologies reported earnings of $1.02 per share for the latest quarter, exceeding analysts' expectations and showing a 12.1% increase in revenue year-over-year.
• The company recently declared a quarterly dividend of $0.25 per share, representing an annual yield of 0.6% with a payout ratio of 31.25%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 2.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 326,414 shares of the technology company's stock after buying an additional 6,959 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.36% of BWX Technologies worth $32,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in BWXT. T. Rowe Price Investment Management Inc. grew its stake in shares of BWX Technologies by 19.7% in 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. lifted 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 worth $94,562,000 after purchasing an additional 705,648 shares during the last quarter. Blair William & Co. IL lifted 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 worth $77,242,000 after purchasing an additional 358,170 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted 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 worth $31,896,000 after purchasing an additional 318,125 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. purchased a new stake in shares of BWX Technologies during the 1st quarter worth $31,318,000. Institutional investors and hedge funds own 94.39% of the company's stock.

BWX Technologies Stock Up 3.6%

Shares of NYSE BWXT opened at $174.33 on Tuesday. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $189.25. The company has a market capitalization of $15.93 billion, a PE ratio of 54.48, a price-to-earnings-growth ratio of 3.81 and a beta of 0.75. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. The firm's 50-day moving average is $158.87 and its two-hundred day moving average is $129.89.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.23. The business had revenue of $764.00 million for the quarter, compared to the consensus estimate of $708.00 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The company's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Equities analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 18th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Monday, August 18th. BWX Technologies's dividend payout ratio (DPR) is presently 31.25%.

Insider Activity

In related news, SVP Omar Fathi Meguid sold 2,261 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $179.84, for a total transaction of $406,618.24. Following the completion of the sale, the senior vice president directly owned 2,361 shares of the company's stock, valued at approximately $424,602.24. This trade represents a 48.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rex D. Geveden sold 25,000 shares of the firm's stock in a transaction on 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 sale, the chief executive officer directly owned 197,594 shares of the company's stock, valued at approximately $35,369,326. The trade was a 11.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,953 shares of company stock valued at $5,359,758 in the last 90 days. Company insiders own 0.47% of the company's stock.

Analyst Ratings Changes

BWXT has been the subject of a number of research reports. Northland Securities initiated coverage on shares of BWX Technologies in a research report on Wednesday, September 10th. They issued an "outperform" rating and a $205.00 price target for the company. Bank of America upped their target price on shares of BWX Technologies from $155.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Northland Capmk raised shares of BWX Technologies to a "strong-buy" rating in a report on Tuesday, September 9th. CLSA reaffirmed an "outperform" rating and issued a $177.60 target price (up from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. Finally, Maxim Group reaffirmed a "hold" rating on shares of BWX Technologies in a report on Wednesday, August 6th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $160.83.

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.

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