BWX Technologies, Inc. $BWXT Shares Purchased by Copeland Capital Management LLC

Key Points

• Copeland Capital Management more than doubled its BWXT stake in the third quarter, purchasing 50,068 additional shares to own 97,205 shares valued at approximately $13.3 million. Institutional investors collectively hold 94.39% of the company.
• BWXT shares opened at $139.10, near the lower end of their 52-week range of $131.86 to $241.82. The company reported quarterly EPS of $1.07, exceeding estimates, while revenue rose 18% year over year to $901.62 million.
• CEO Rex Geveden sold 10,000 shares for $1.725 million under a pre-arranged Rule 10b5-1 plan. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $205, despite several recent target-price reductions.

Copeland Capital Management LLC raised its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 106.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 97,205 shares of the technology company's stock after buying an additional 50,068 shares during the quarter. Copeland Capital Management LLC owned about 0.11% of BWX Technologies worth $13,317,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BWXT. BlackRock Inc. purchased a new position in BWX Technologies in the 2nd quarter valued at about $2,359,895,000. First Trust Advisors LP grew its holdings in shares of BWX Technologies by 12.2% during the first quarter. First Trust Advisors LP now owns 1,391,079 shares of the technology company's stock worth $284,462,000 after buying an additional 151,580 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of BWX Technologies by 8.4% in the first quarter. Bank of New York Mellon Corp now owns 1,283,997 shares of the technology company's stock valued at $262,565,000 after buying an additional 99,053 shares during the last quarter. Blair William & Co. IL raised its position in shares of BWX Technologies by 20.9% in the fourth quarter. Blair William & Co. IL now owns 1,439,666 shares of the technology company's stock valued at $248,832,000 after buying an additional 248,598 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of BWX Technologies by 5.5% in the first quarter. Bank of America Corp DE now owns 1,005,621 shares of the technology company's stock valued at $205,639,000 after buying an additional 52,413 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

Insiders Place Their Bets

In other BWX Technologies news, CEO Rex D. Geveden sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $172.50, for a total transaction of $1,725,000.00. Following the completion of the sale, the chief executive officer directly owned 192,491 shares in the company, valued at $33,204,697.50. The trade was a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by company insiders.

BWX Technologies Trading Down 0.6%

Shares of BWXT opened at $139.10 on Wednesday. The company has a current ratio of 2.40, a quick ratio of 2.33 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $12.74 billion, a P/E ratio of 36.04, a price-to-earnings-growth ratio of 2.14 and a beta of 0.74. The stock's fifty day simple moving average is $152.25 and its 200 day simple moving average is $182.87. BWX Technologies, Inc. has a twelve month low of $131.86 and a twelve month high of $241.82.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its earnings results on Monday, August 3rd. The technology company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $1.04 by $0.03. The firm had revenue of $901.62 million for the quarter, compared to analysts' expectations of $902.41 million. BWX Technologies had a return on equity of 30.83% and a net margin of 10.11%. The firm's revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.02 earnings per share. BWX Technologies has set its FY 2026 guidance at 4.700-4.800 EPS. On average, equities research analysts forecast that BWX Technologies, Inc. will post 4.75 earnings per share for the current year.

BWX Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, August 18th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, August 18th. BWX Technologies's payout ratio is 27.98%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BWXT shares. Weiss Ratings cut BWX Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, August 26th. Truist Financial reduced their target price on BWX Technologies from $202.00 to $182.00 and set a "hold" rating on the stock in a research report on Tuesday, October 6th. Seaport Research Partners raised BWX Technologies from a "neutral" rating to a "buy" rating and set a $245.00 price target on the stock in a research note on Monday, June 22nd. Wells Fargo & Company raised BWX Technologies from an "underweight" rating to an "equal weight" rating and decreased their price target for the stock from $200.00 to $170.00 in a research note on Thursday, August 27th. Finally, Northland Securities lowered their price target on BWX Technologies from $250.00 to $220.00 and set an "outperform" rating for the company in a report on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $205.00.

BWX Technologies Profile

BWX Technologies, Inc NYSE: BWXT is a provider of nuclear components, systems and services for government and commercial customers. The company is best known for designing and manufacturing nuclear reactors and related components for the U.S. Navy's nuclear-powered aircraft carriers and submarines. It also supports the nuclear fuel cycle and provides engineering, manufacturing, maintenance and technical services for nuclear facilities.

BWXT serves the U.S. government, commercial nuclear power producers, research institutions and customers in the healthcare and space industries.

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