BWX Technologies, Inc. $BWXT Shares Bought by Van Hulzen Asset Management LLC

Key Points

• Van Hulzen Asset Management LLC significantly increased its stake in BWX Technologies by 95,290.0%, acquiring a total of 9,539 shares valued at approximately $941,000.
• The company reported better-than-expected earnings with $1.02 EPS for the last quarter, surpassing analysts' estimates of $0.79 and resulting in a year-over-year revenue increase of 12.1%.
• Analyst ratings for BWX Technologies are mixed, with one "Strong Buy," four "Buy," and one "Sell," leading to a consensus rating of "Moderate Buy" and a target price of $154.51.

Van Hulzen Asset Management LLC raised its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 95,290.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,539 shares of the technology company's stock after purchasing an additional 9,529 shares during the quarter. Van Hulzen Asset Management LLC's holdings in BWX Technologies were worth $941,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in BWX Technologies by 2.1% in the first quarter. Vanguard Group Inc. now owns 9,404,287 shares of the technology company's stock valued at $927,733,000 after buying an additional 192,363 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in BWX Technologies by 19.7% during 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 buying an additional 741,282 shares during the period. Dimensional Fund Advisors LP increased its position in shares of BWX Technologies by 11.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,211,624 shares of the technology company's stock worth $119,522,000 after acquiring an additional 128,791 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of BWX Technologies by 1.6% in the 1st quarter. Bessemer Group Inc. now owns 1,038,223 shares of the technology company's stock valued at $102,419,000 after acquiring an additional 16,262 shares during the period. Finally, Westwood Holdings Group Inc. lifted its holdings 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 valued at $94,562,000 after acquiring an additional 705,648 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wall Street Zen downgraded BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Maxim Group reaffirmed a "hold" rating on shares of BWX Technologies in a research report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft reiterated 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. Truist Financial set a $145.00 price target on BWX Technologies and gave the stock a "hold" rating in a research report on Tuesday, August 5th. Finally, William Blair restated an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, BWX Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.51.

BWX Technologies Price Performance

Shares of NYSE BWXT opened at $163.1370 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.69 and a debt-to-equity ratio of 1.28. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $189.25. The business has a 50 day moving average price of $151.64 and a two-hundred day moving average price of $123.25. The firm has a market cap of $14.91 billion, a PE ratio of 50.98, a price-to-earnings-growth ratio of 3.75 and a beta of 0.73.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating 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 company had revenue of $764.00 million for the quarter, compared to analyst estimates of $708.00 million. During the same period in the prior year, the company posted $0.82 EPS. BWX Technologies's quarterly 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. Sell-side analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Monday, August 18th will be paid 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 is Monday, August 18th. BWX Technologies's dividend payout ratio is 31.25%.

Insider Activity at BWX Technologies

In other news, SVP Omar Fathi Meguid sold 2,261 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $179.84, for a total value 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 approximately $424,602.24. The trade was a 48.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rex D. Geveden sold 25,000 shares of the 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 transaction, the chief executive officer directly owned 197,594 shares in the company, valued at $35,369,326. The trade was a 11.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,953 shares of company stock valued at $5,359,758 in the last 90 days. 0.47% of the stock is currently owned by insiders.

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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