Chescapmanager LLC Reduces Holdings in BWX Technologies, Inc. $BWXT

Key Points

• Chescapmanager LLC has reduced its holdings in BWX Technologies, Inc. by 1.2%, holding 285,059 shares, which represent approximately 3.0% of its investment portfolio.
• The company reported a quarterly earnings per share (EPS) of $1.02, surpassing analysts' expectations, and indicated revenue growth of 12.1% year-over-year.
• BWX Technologies will pay a quarterly dividend of $0.25, representing a 0.6% dividend yield, with a payout ratio of 31.25% as of August 18.

Chescapmanager LLC decreased its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 1.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 285,059 shares of the technology company's stock after selling 3,364 shares during the period. BWX Technologies accounts for approximately 3.0% of Chescapmanager LLC's investment portfolio, making the stock its 11th largest position. Chescapmanager LLC owned 0.31% of BWX Technologies worth $28,121,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Hsbc Holdings PLC lifted its holdings in shares of BWX Technologies by 103.1% in the 4th 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 during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of BWX Technologies by 43.4% in the 4th quarter. Ameriprise Financial Inc. now owns 173,851 shares of the technology company's stock worth $19,365,000 after acquiring an additional 52,598 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of BWX Technologies by 93.9% in the 4th quarter. BNP Paribas Financial Markets now owns 90,376 shares of the technology company's stock worth $10,067,000 after acquiring an additional 43,772 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of BWX Technologies by 73.7% in the 4th quarter. Benjamin Edwards Inc. now owns 3,687 shares of the technology company's stock worth $411,000 after acquiring an additional 1,564 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of BWX Technologies by 6.4% in the 4th quarter. Captrust Financial Advisors now owns 28,788 shares of the technology company's stock worth $3,207,000 after acquiring an additional 1,722 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

BWX Technologies Price Performance

BWX Technologies stock opened at $160.63 on Thursday. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $189.25. The company's 50 day moving average is $155.16 and its two-hundred day moving average is $126.11. The firm has a market cap of $14.68 billion, a PE ratio of 50.20, a price-to-earnings-growth ratio of 3.67 and a beta of 0.75. 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 announced its quarterly earnings data on Monday, August 4th. The technology company reported $1.02 earnings per share 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 analyst estimates of $708.00 million. During the same period last year, the business earned $0.82 EPS. The company's 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. On average, research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Monday, August 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, August 18th. BWX Technologies's dividend payout ratio (DPR) is presently 31.25%.

Wall Street Analysts Forecast Growth

BWXT has been the topic of several recent analyst reports. Truist Financial set a $145.00 price objective on shares of BWX Technologies and gave the stock a "hold" rating in a report on Tuesday, August 5th. Bank of America upped their price objective on shares of BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. CLSA restated an "outperform" rating and issued a $177.60 price objective (up from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. Wall Street Zen lowered shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Maxim Group reiterated a "hold" rating on shares of BWX Technologies in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $154.51.

Insider Activity

In other news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the firm's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $177.43, for a total value of $371,183.56. Following the sale, the senior vice president directly owned 10,149 shares in the company, valued at approximately $1,800,737.07. This trade represents a 17.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rex D. Geveden sold 25,000 shares of the firm'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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,953 shares of company stock valued at $5,359,758 over the last quarter. Company insiders own 0.47% of the company's stock.

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.

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