AQR Capital Management LLC Has $9.88 Million Stock Holdings in BWX Technologies, Inc. $BWXT

Key Points

• AQR Capital Management LLC reduced its stake in BWX Technologies by 10.4%, selling 11,802 shares, while still holding 101,385 shares valued at approximately $9.88 million.
• BWX Technologies reported $1.02 earnings per share for the last quarter, surpassing analyst expectations and achieving a 12.1% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.25 per share, reflecting a 0.6% dividend yield with a payout ratio of 31.25% as of its latest record date.

AQR Capital Management LLC cut its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 10.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 101,385 shares of the technology company's stock after selling 11,802 shares during the period. AQR Capital Management LLC owned about 0.11% of BWX Technologies worth $9,884,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stone House Investment Management LLC bought a new stake in BWX Technologies in the first quarter worth approximately $31,000. Ameriflex Group Inc. bought a new stake in BWX Technologies in the fourth quarter worth approximately $34,000. MassMutual Private Wealth & Trust FSB grew its position 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 worth $35,000 after acquiring an additional 236 shares in the last quarter. HHM Wealth Advisors LLC grew its position in BWX Technologies by 34.5% in the first quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock worth $38,000 after acquiring an additional 100 shares in the last quarter. Finally, Vermillion Wealth Management Inc. bought a new stake in BWX Technologies in the fourth quarter worth approximately $40,000. 94.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BWXT has been the subject of several recent research reports. Truist Financial set a $145.00 target price on shares of BWX Technologies and gave the stock a "hold" rating in a research report on Tuesday, August 5th. Wall Street Zen downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Maxim Group reissued a "hold" rating on shares of BWX Technologies in a research report on Wednesday, August 6th. Northland Capmk raised shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday. Finally, Northland Securities assumed coverage on shares of BWX Technologies in a report on Wednesday. They set an "outperform" rating and a $205.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, BWX Technologies has a consensus rating of "Moderate Buy" and an average target price of $160.83.

Insider Activity at BWX Technologies

In related news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $177.43, for a total transaction of $371,183.56. Following the completion of the transaction, the senior vice president directly owned 10,149 shares in the company, valued at $1,800,737.07. This represents a 17.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Rex D. Geveden sold 25,000 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $179.00, for a total transaction of $4,475,000.00. Following the transaction, the chief executive officer owned 197,594 shares of the company's stock, valued at approximately $35,369,326. The trade was a 11.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,953 shares of company stock valued at $5,359,758 in the last 90 days. 0.47% of the stock is owned by company insiders.

BWX Technologies Stock Performance

Shares of NYSE BWXT traded down $1.56 during trading hours on Friday, hitting $168.54. 688,838 shares of the stock were exchanged, compared to its average volume of 1,055,831. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. The company's 50 day moving average is $158.26 and its 200 day moving average is $129.05. The firm has a market capitalization of $15.40 billion, a P/E ratio of 52.67, a P/E/G ratio of 3.85 and a beta of 0.75. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $189.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.23. The business had revenue of $764.00 million during the quarter, compared to the consensus estimate of $708.00 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. BWX Technologies's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 EPS. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 18th were paid a dividend of $0.25 per share. 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 is presently 31.25%.

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.