BWX Technologies, Inc. $BWXT Position Increased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in BWX Technologies by 61.8%, owning about 0.41% of the company, valued at approximately $36.6 million.
• BWX Technologies reported $1.02 earnings per share for the last quarter, exceeding analysts' expectations by $0.23, with revenue of $764 million.
• The company announced a quarterly dividend of $0.25 per share, resulting in an annualized yield of 0.6% and a payout ratio of 31.25%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 61.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 370,935 shares of the technology company's stock after buying an additional 141,736 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.41% of BWX Technologies worth $36,593,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BWXT. Stone House Investment Management LLC purchased a new position in shares of BWX Technologies in the 1st quarter valued at about $31,000. Ameriflex Group Inc. acquired a new position in BWX Technologies in the fourth quarter valued at approximately $34,000. MassMutual Private Wealth & Trust FSB increased its stake in BWX Technologies by 200.0% in the first 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 during the last quarter. HHM Wealth Advisors LLC increased its stake in BWX Technologies by 34.5% in the first quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock valued at $38,000 after purchasing an additional 100 shares during the last quarter. Finally, Vermillion Wealth Management Inc. acquired a new stake in BWX Technologies during the fourth quarter worth approximately $40,000. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Stock Down 0.9%

BWXT stock traded down $1.57 during trading on Friday, reaching $168.53. The stock had a trading volume of 198,983 shares, compared to its average volume of 1,117,560. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $189.25. 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 company has a market capitalization of $15.40 billion, a P/E ratio of 52.71, a PEG ratio of 3.76 and a beta of 0.75. The firm has a fifty day moving average price of $157.81 and a 200 day moving average price of $128.61.

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 net margin of 10.28% and a return on equity of 30.61%. The firm had revenue of $764.00 million for the quarter, compared to analyst estimates of $708.00 million. During the same quarter in the previous year, the business posted $0.82 EPS. The firm's revenue was up 12.1% compared to the same quarter last year. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, equities analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BWXT shares. Maxim Group restated a "hold" rating on shares of BWX Technologies in a report on Wednesday, August 6th. CLSA reissued an "outperform" rating and issued a $177.60 price target (up from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. Northland Securities began coverage on shares of BWX Technologies in a research note on Wednesday. They issued an "outperform" rating and a $205.00 price objective for the company. Bank of America lifted their target price 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 reissued an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $160.83.

Insider Transactions at BWX Technologies

In other BWX Technologies news, SVP Omar Fathi Meguid sold 2,261 shares of the stock in a transaction that occurred 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 transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the stock in a transaction that occurred 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 transaction, the senior vice president directly owned 10,149 shares in the company, valued at approximately $1,800,737.07. This represents a 17.09% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,953 shares of company stock worth $5,359,758. 0.47% of the stock is currently owned by corporate insiders.

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.