BWX Technologies, Inc. $BWXT Shares Purchased by Covea Finance

Key Points

• Covea Finance increased its stake in BWX Technologies by 59.1%, acquiring an additional 63,964 shares during the second quarter, bringing its total holdings to approximately 0.19% of the company.
• Several brokerages have set new price targets for BWX Technologies, with Northland Securities rating it as "outperform" with a target of $205.00, while Deutsche Bank raised its target to $150.00.
• Insider trading activity includes CEO Rex D. Geveden selling 25,000 shares for about $4.48 million, reducing his ownership by 11.23%.

Covea Finance increased its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 59.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 172,256 shares of the technology company's stock after acquiring an additional 63,964 shares during the quarter. Covea Finance owned approximately 0.19% of BWX Technologies worth $24,815,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stone House Investment Management LLC acquired a new stake in BWX Technologies during the first quarter worth about $31,000. Compass Financial Services Inc acquired a new stake in shares of BWX Technologies in the first quarter valued at approximately $33,000. Ameriflex Group Inc. acquired a new stake in shares of BWX Technologies in the fourth quarter valued at approximately $34,000. MassMutual Private Wealth & Trust FSB increased 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 valued at $35,000 after purchasing an additional 236 shares during the period. Finally, HHM Wealth Advisors LLC increased 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 valued at $38,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 94.39% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on BWXT. Northland Securities began coverage on shares of BWX Technologies in a research note on Wednesday, September 10th. They issued an "outperform" rating and a $205.00 price target on the stock. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $150.00 price target (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 shares of BWX Technologies and gave the company a "hold" rating in a research note on Tuesday, August 5th. Wall Street Zen cut shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Northland Capmk upgraded shares of BWX Technologies to a "strong-buy" rating in a report on Tuesday, September 9th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $160.83.

Insider Activity

In related news, CEO Rex D. Geveden sold 25,000 shares of BWX Technologies stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $179.00, for a total value of $4,475,000.00. Following the transaction, the chief executive officer owned 197,594 shares in the company, valued at $35,369,326. This trade represents a 11.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Omar Fathi Meguid sold 2,261 shares of BWX Technologies 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 transaction, the senior vice president owned 2,361 shares in the company, valued at $424,602.24. This trade represents a 48.92% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,953 shares of company stock worth $5,359,758. Insiders own 0.47% of the company's stock.

BWX Technologies Stock Up 2.2%

BWXT stock opened at $178.34 on Tuesday. 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 firm has a market cap of $16.30 billion, a PE ratio of 55.73, a PEG ratio of 3.95 and a beta of 0.75. The company has a fifty day simple moving average of $162.57 and a 200 day simple moving average of $132.45. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $189.25.

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, beating analysts' consensus estimates of $0.79 by $0.23. The business had revenue of $764.00 million for the quarter, compared to analyst estimates of $708.00 million. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The firm's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.82 EPS. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Sell-side analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently announced 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 yield of 0.6%. The ex-dividend date was Monday, August 18th. BWX Technologies's dividend payout ratio (DPR) is 31.25%.

BWX Technologies 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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