BWX Technologies, Inc. $BWXT Shares Bought by Ceredex Value Advisors LLC

Key Points

• Ceredex Value Advisors LLC increased its stake in BWX Technologies by 11.9% in Q1, now owning 97,200 shares valued at approximately $9.6 million.
• BWX Technologies reported $1.02 EPS for the latest quarter, exceeding estimates, and announced a quarterly dividend of $0.25, equating to a 0.6% yield.
• Analysts have increased their price targets for BWX Technologies, with Bank of America raising its target from $155 to $220, maintaining a buy rating.

Ceredex Value Advisors LLC raised its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 11.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,200 shares of the technology company's stock after buying an additional 10,300 shares during the period. Ceredex Value Advisors LLC owned about 0.11% of BWX Technologies worth $9,589,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake 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 valued at $927,733,000 after buying an additional 192,363 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in BWX Technologies by 19.7% in the first 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 buying an additional 741,282 shares in the last quarter. Dimensional Fund Advisors LP raised 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 valued at $119,522,000 after buying an additional 128,791 shares in the last quarter. Bessemer Group Inc. raised its stake in BWX Technologies by 1.6% in the first 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. raised its stake in BWX Technologies by 279.0% in the first 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 and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Maxim Group restated a "hold" rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Wall Street Zen downgraded BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Truist Financial set a $145.00 target price on BWX Technologies and gave the company a "hold" rating in a report on Tuesday, August 5th. William Blair reissued an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $150.00 target price (up from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, BWX Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $154.51.

Insider Buying and Selling

In related news, CEO Rex D. Geveden sold 25,000 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was 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. The trade was a 11.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Leland D. Melvin sold 600 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $178.26, for a total value of $106,956.00. Following the completion of the transaction, the director owned 5,579 shares in the company, valued at $994,512.54. This trade represents a 9.71% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, 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 Performance

BWXT stock traded down $3.90 during trading on Friday, hitting $161.94. The company had a trading volume of 847,318 shares, compared to its average volume of 1,415,553. The firm has a market cap of $14.80 billion, a PE ratio of 50.60, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $189.25. The firm has a 50-day moving average price of $154.02 and a 200-day moving average price of $125.13. The company has a quick ratio of 1.60, a current ratio of 1.69 and a debt-to-equity ratio of 1.28.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.23. The firm had revenue of $764.00 million for the quarter, compared to analysts' expectations 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 previous year, the firm posted $0.82 EPS. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

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