BWX Technologies, Inc. $BWXT Shares Sold by Trexquant Investment LP

Key Points

• Trexquant Investment LP has decreased its holdings in BWX Technologies by 40.9%, now owning 44,706 shares valued at $4,410,000 after selling 30,918 shares in the first quarter.
• BWX Technologies recently reported earnings per share (EPS) of $1.02 for the quarter, exceeding analysts' expectations by $0.23, with a revenue of $764 million.
• The company has announced a quarterly dividend of $0.25, representing a yield of 0.6% and a dividend payout ratio of 31.25%.

Trexquant Investment LP decreased its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 40.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,706 shares of the technology company's stock after selling 30,918 shares during the quarter. Trexquant Investment LP's holdings in BWX Technologies were worth $4,410,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of BWXT. Hsbc Holdings PLC raised its position in BWX Technologies by 103.1% in the fourth quarter. Hsbc Holdings PLC now owns 3,826 shares of the technology company's stock worth $425,000 after acquiring an additional 1,942 shares in the last quarter. Northern Trust Corp raised its position in BWX Technologies by 13.3% in the fourth quarter. Northern Trust Corp now owns 815,089 shares of the technology company's stock worth $90,793,000 after acquiring an additional 95,811 shares in the last quarter. AlTi Global Inc. purchased a new position in BWX Technologies in the fourth quarter worth $405,000. Ameriprise Financial Inc. increased its position in shares of BWX Technologies by 43.4% in the fourth quarter. Ameriprise Financial Inc. now owns 173,851 shares of the technology company's stock valued at $19,365,000 after buying an additional 52,598 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of BWX Technologies by 93.9% in the fourth quarter. BNP Paribas Financial Markets now owns 90,376 shares of the technology company's stock valued at $10,067,000 after buying an additional 43,772 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

Insider Activity at BWX Technologies

In other BWX Technologies 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Omar Fathi Meguid sold 2,261 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $179.84, for a total transaction of $406,618.24. Following the sale, the senior vice president directly owned 2,361 shares of the company's stock, valued at $424,602.24. This represents a 48.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,953 shares of company stock valued at $5,359,758 over the last three months. Insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

BWXT has been the topic of a number of research reports. Wall Street Zen cut shares of BWX Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. CLSA reaffirmed an "outperform" rating and issued a $177.60 price target (up previously from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. Maxim Group reissued a "hold" rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $150.00 price objective (up from $119.00) on shares of BWX Technologies in a research report on Tuesday, July 8th. Finally, Bank of America increased their target price on BWX Technologies from $155.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $154.51.

BWX Technologies Trading Up 0.4%

Shares of BWX Technologies stock traded up $0.60 during mid-day trading on Wednesday, hitting $160.63. 1,015,006 shares of the stock were exchanged, compared to its average volume of 1,307,028. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $189.25. The stock has a market capitalization of $14.68 billion, a price-to-earnings ratio of 50.20, a price-to-earnings-growth ratio of 3.67 and a beta of 0.75. The company has a 50-day simple moving average of $155.16 and a 200 day simple moving average of $126.11. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings results 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. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The company had revenue of $764.00 million for the quarter, compared to analysts' expectations of $708.00 million. During the same period last year, the company earned $0.82 EPS. The firm's revenue for the quarter was up 12.1% compared to the same quarter last year. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Research analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, August 18th. BWX Technologies's dividend payout ratio (DPR) is currently 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.