BWX Technologies, Inc. $BWXT Shares Acquired by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board increased its stake in BWX Technologies, acquiring an additional 104,200 shares, lifting its ownership by 194.0% to a total of 157,900 shares worth approximately $15.58 million.
• Analysts have mixed reviews on BWX Technologies with one Strong Buy and several Buy ratings, while Bank of America recently raised its price target for the stock from $155.00 to $220.00.
• BWX Technologies reported quarterly earnings of $1.02 per share, significantly exceeding analyst expectations and showing a 12.1% revenue increase year-over-year.

Canada Pension Plan Investment Board grew its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 194.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 157,900 shares of the technology company's stock after acquiring an additional 104,200 shares during the quarter. Canada Pension Plan Investment Board owned 0.17% of BWX Technologies worth $15,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of BWXT. Vanguard Group Inc. increased its position in BWX Technologies by 2.1% in the first quarter. Vanguard Group Inc. now owns 9,404,287 shares of the technology company's stock worth $927,733,000 after purchasing an additional 192,363 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in BWX Technologies by 19.7% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,503,679 shares of the technology company's stock valued at $444,288,000 after acquiring an additional 741,282 shares during the period. Dimensional Fund Advisors LP increased its stake in BWX Technologies by 11.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,211,624 shares of the technology company's stock worth $119,522,000 after purchasing an additional 128,791 shares during the period. Bessemer Group Inc. lifted its holdings in BWX Technologies by 1.6% during the 1st quarter. Bessemer Group Inc. now owns 1,038,223 shares of the technology company's stock valued at $102,419,000 after buying an additional 16,262 shares in the last quarter. Finally, Westwood Holdings Group Inc. lifted its holdings in BWX Technologies by 279.0% during the 1st quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company's stock valued at $94,562,000 after buying an additional 705,648 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Stock Performance

NYSE BWXT traded up $0.00 on Friday, hitting $163.79. 1,467,846 shares of the company's stock traded hands, compared to its average volume of 1,069,612. 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, Inc. has a 1-year low of $84.21 and a 1-year high of $189.25. The firm's 50-day moving average price is $156.01 and its two-hundred day moving average price is $126.89. The firm has a market capitalization of $14.97 billion, a PE ratio of 51.18, a P/E/G ratio of 3.71 and a beta of 0.75.

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

BWX Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 18th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, August 18th. BWX Technologies's payout ratio is currently 31.25%.

Wall Street Analyst Weigh In

BWXT has been the subject of a number of research analyst reports. Bank of America lifted their price objective on shares of BWX Technologies from $155.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Maxim Group restated a "hold" rating on shares of BWX Technologies in a report on Wednesday, August 6th. Wall Street Zen lowered shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $150.00 price objective (up previously from $119.00) on shares of BWX Technologies in a research report on Tuesday, July 8th. Finally, Truist Financial set a $145.00 price objective on shares of BWX Technologies and gave the stock a "hold" rating in a research report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, BWX Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $154.51.

Insider Activity at BWX Technologies

In other BWX Technologies news, SVP Omar Fathi Meguid sold 2,261 shares of the company'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 completion of the transaction, the senior vice president directly owned 2,361 shares in the company, valued at approximately $424,602.24. This represents a 48.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Leland D. Melvin sold 600 shares of the company's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $178.26, for a total transaction of $106,956.00. Following the transaction, the director owned 5,579 shares of the company's stock, valued at $994,512.54. This represents a 9.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,953 shares of company stock valued at $5,359,758. 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.