BWX Technologies, Inc. $BWXT Shares Purchased by Cresset Asset Management LLC

Key Points

• Cresset Asset Management LLC increased its stake in BWX Technologies by 3.5%, acquiring an additional 5,565 shares, bringing its total holdings to 166,382 shares valued at approximately $16.4 million.
• Analyst ratings for BWX Technologies show a mix, with a consensus rating of "Moderate Buy" and a price target of $154.51, although recent reports included both buy and hold ratings.
• BWX Technologies reported a net margin of 10.28% and earnings per share of $1.02, exceeding analyst estimates for the recent quarter, with an announced dividend of $0.25 per share.

Cresset Asset Management LLC lifted its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 166,382 shares of the technology company's stock after buying an additional 5,565 shares during the quarter. Cresset Asset Management LLC owned about 0.18% of BWX Technologies worth $16,414,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Stone House Investment Management LLC acquired a new stake in BWX Technologies in the 1st quarter valued at $31,000. Ameriflex Group Inc. purchased a new stake in BWX Technologies in the fourth quarter worth approximately $34,000. MassMutual Private Wealth & Trust FSB boosted its stake 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 buying an additional 236 shares in the last quarter. HHM Wealth Advisors LLC boosted its stake in shares of BWX Technologies by 34.5% during the first quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock valued at $38,000 after purchasing an additional 100 shares during the period. Finally, Vermillion Wealth Management Inc. purchased a new stake in shares of BWX Technologies during the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 94.39% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BWXT shares. CLSA restated an "outperform" rating and set a $177.60 target price (up previously from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. 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 research note on Tuesday, July 8th. Bank of America increased their price objective on BWX Technologies from $155.00 to $220.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Truist Financial set a $145.00 price objective on BWX Technologies and gave the company a "hold" rating in a research report on Tuesday, August 5th. Finally, Maxim Group reissued a "hold" rating on shares of BWX Technologies in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $154.51.

Insider Buying and Selling

In other BWX Technologies news, Director Leland D. Melvin sold 600 shares of the stock in a transaction that occurred 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 completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president directly owned 10,149 shares of the company's stock, valued at approximately $1,800,737.07. This represents a 17.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,953 shares of company stock worth $5,359,758 over the last ninety days. 0.47% of the stock is owned by corporate insiders.

BWX Technologies Trading Up 1.0%

Shares of BWX Technologies stock traded up $1.7010 on Thursday, reaching $165.2610. The company had a trading volume of 904,654 shares, compared to its average volume of 1,133,065. The firm's 50-day moving average price is $150.58 and its two-hundred day moving average price is $122.53. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $189.25. 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 firm has a market cap of $15.10 billion, a price-to-earnings ratio of 51.64, a P/E/G ratio of 3.75 and a beta of 0.73.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.79 by $0.23. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The firm had revenue of $764.00 million during the quarter, compared to analyst estimates of $708.00 million. During the same period in the previous year, the company posted $0.82 EPS. The business'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. As a group, research analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

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 yield of 0.6%. The ex-dividend date is Monday, August 18th. BWX Technologies's 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.