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

Key Points

• Veracity Capital LLC increased its stake in BWX Technologies by 40.2%, acquiring a total of 8,994 shares valued at approximately $1.296 million as of the end of the second quarter.
• BWX Technologies reported a quarterly earnings beat with an EPS of $1.02, surpassing expectations, while revenue grew by 12.1% year-over-year, reaching $764 million.
• The company's dividend yield stands at 0.6%, with a recent quarterly dividend of $0.25 per share announced and paid out to investors.

Veracity Capital LLC grew its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 40.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,994 shares of the technology company's stock after purchasing an additional 2,577 shares during the period. Veracity Capital LLC's holdings in BWX Technologies were worth $1,296,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Stone House Investment Management LLC purchased a new stake in shares of BWX Technologies in the first quarter worth about $31,000. Compass Financial Services Inc purchased a new stake in shares of BWX Technologies in the first quarter worth about $33,000. Ameriflex Group Inc. purchased a new stake in shares of BWX Technologies in the fourth quarter worth about $34,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of BWX Technologies by 200.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock worth $35,000 after buying an additional 236 shares during the last quarter. Finally, HHM Wealth Advisors LLC boosted its stake in shares of BWX Technologies by 34.5% in 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 last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

BWX Technologies Price Performance

NYSE:BWXT opened at $174.33 on Tuesday. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $189.25. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69. The stock has a market cap of $15.93 billion, a PE ratio of 54.48, a P/E/G ratio of 3.81 and a beta of 0.75. The stock has a 50 day moving average price of $158.87 and a 200 day moving average price of $129.89.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $708.00 million. During the same quarter last year, the firm earned $0.82 earnings per share. The business's revenue for the quarter was up 12.1% on a year-over-year basis. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Equities research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. CLSA restated an "outperform" rating and issued a $177.60 target price (up previously from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $150.00 target price (up previously from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. Wall Street Zen downgraded BWX Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Bank of America increased their price target on BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Finally, William Blair reiterated an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. Two 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's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $160.83.

Insider Buying and Selling

In other BWX Technologies news, SVP Omar Fathi Meguid sold 2,261 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was 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 owned 2,361 shares of the company's stock, valued at $424,602.24. This trade represents a 48.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the firm's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $177.43, for a total value of $371,183.56. Following the sale, the senior vice president directly owned 10,149 shares of the company's stock, valued at approximately $1,800,737.07. This trade represents a 17.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,953 shares of company stock worth $5,359,758 in the last three months. Company insiders own 0.47% of the company's stock.

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.

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