BWX Technologies, Inc. $BWXT Shares Bought by Vident Advisory LLC

Key Points

• Vident Advisory LLC has significantly increased its stake in BWX Technologies, raising its ownership by 149.2% in Q1 2023 to approximately $14.69 million.
• BWX Technologies recently announced a quarterly dividend of $0.25 per share, which will be paid on September 5th, representing an annual yield of 0.6%.
• The company reported $1.02 earnings per share for the last quarter, exceeding analysts' expectations and showing a 12.1% increase in revenue year-over-year.

Vident Advisory LLC increased its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 149.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 148,880 shares of the technology company's stock after buying an additional 89,137 shares during the period. Vident Advisory LLC owned about 0.16% of BWX Technologies worth $14,687,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Magnetar Financial LLC increased its position in shares of BWX Technologies by 143.2% in the 1st quarter. Magnetar Financial LLC now owns 82,150 shares of the technology company's stock valued at $8,104,000 after purchasing an additional 48,371 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of BWX Technologies by 194.0% during the first quarter. Canada Pension Plan Investment Board now owns 157,900 shares of the technology company's stock worth $15,577,000 after purchasing an additional 104,200 shares in the last quarter. State of Wyoming grew its stake in shares of BWX Technologies by 4.8% during the first quarter. State of Wyoming now owns 3,940 shares of the technology company's stock worth $389,000 after purchasing an additional 179 shares in the last quarter. Tema Etfs LLC increased its holdings in BWX Technologies by 275.2% in the first quarter. Tema Etfs LLC now owns 12,186 shares of the technology company's stock valued at $1,202,000 after buying an additional 8,938 shares during the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in BWX Technologies in the first quarter valued at $798,000. Hedge funds and other institutional investors own 94.39% of the company's stock.

Analyst Upgrades and Downgrades

BWXT has been the subject of several analyst reports. Truist Financial set a $145.00 price objective on BWX Technologies and gave the stock a "hold" rating in a research report on Tuesday, August 5th. Bank of America upped their price target on BWX Technologies from $155.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $150.00 price objective (up previously from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. Maxim Group restated a "hold" rating on shares of BWX Technologies in a report on Wednesday, August 6th. Finally, CLSA reaffirmed an "outperform" rating and issued a $177.60 target price (up from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned 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 an average target price of $154.51.

BWX Technologies Stock Performance

NYSE BWXT traded down $3.90 on Monday, reaching $161.94. The stock had a trading volume of 847,318 shares, compared to its average volume of 1,389,134. The stock has a market cap of $14.80 billion, a P/E ratio of 50.60, a price-to-earnings-growth ratio of 3.67 and a beta of 0.75. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $189.25. The business's 50-day moving average price is $154.02 and its 200 day moving average price is $125.24. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69.

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

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, August 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. BWX Technologies's dividend payout ratio is 31.25%.

Insider Buying and Selling

In other BWX Technologies news, SVP Omar Fathi Meguid sold 2,261 shares of BWX Technologies stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $179.84, for a total value of $406,618.24. Following the transaction, the senior vice president directly owned 2,361 shares in the company, valued at approximately $424,602.24. This trade represents a 48.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Leland D. Melvin sold 600 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $178.26, for a total value of $106,956.00. Following the sale, the director owned 5,579 shares of the company's stock, valued at $994,512.54. This trade represents a 9.71% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,953 shares of company stock worth $5,359,758. Corporate insiders own 0.47% of the company's stock.

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.