DAVENPORT & Co LLC Acquires Shares of 1,433 BWX Technologies, Inc. $BWXT

Key Points

• DAVENPORT & Co LLC acquired 1,433 shares of BWX Technologies, Inc., valued at approximately $206,000, during the second quarter.
• Several hedge funds, including Vanguard Group and T. Rowe Price, have increased their stakes in BWX Technologies, reflecting strong institutional interest with 94.39% of the stock owned by institutional investors.
• Analysts have mixed views on BWX Technologies, with price targets ranging from $155.00 to $220.00, and an average rating of "Moderate Buy" with a consensus price target of $164.58.

DAVENPORT & Co LLC acquired a new stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 1,433 shares of the technology company's stock, valued at approximately $206,000.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in BWX Technologies by 2.1% in the 1st 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 during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in BWX Technologies by 19.7% in 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 buying an additional 741,282 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of BWX Technologies by 11.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,211,624 shares of the technology company's stock worth $119,522,000 after buying an additional 128,791 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of BWX Technologies by 1.6% during the first quarter. Bessemer Group Inc. now owns 1,038,223 shares of the technology company's stock worth $102,419,000 after buying an additional 16,262 shares during the last quarter. Finally, Westwood Holdings Group Inc. raised its stake in shares of BWX Technologies by 279.0% during the first quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company's stock worth $94,562,000 after buying an additional 705,648 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Zacks Research raised shares of BWX Technologies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 7th. Weiss Ratings lowered BWX Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 8th. Bank of America raised their price target on BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. William Blair restated an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, September 17th. Finally, Northland Capmk upgraded BWX Technologies to a "strong-buy" rating in a research report on Tuesday, September 9th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, BWX Technologies presently has an average rating of "Moderate Buy" and an average price target of $164.58.

BWX Technologies Stock Performance

BWXT opened at $197.87 on Tuesday. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $199.78. The firm has a market capitalization of $18.09 billion, a PE ratio of 61.83, a PEG ratio of 3.78 and a beta of 0.78. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69. The business's 50-day simple moving average is $174.83 and its 200 day simple moving average is $141.54.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its 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 return on equity of 30.61% and a net margin of 10.28%.The business had revenue of $764.00 million for the quarter, compared to analyst estimates of $708.00 million. During the same quarter in the prior year, the company posted $0.82 earnings per share. BWX Technologies'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. As a group, sell-side analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 18th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, August 18th. BWX Technologies's dividend payout ratio is presently 31.25%.

Insider Activity

In other BWX Technologies news, Director Leland D. Melvin sold 600 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $178.26, for a total transaction of $106,956.00. Following the sale, the director directly owned 5,579 shares of the company's stock, valued at approximately $994,512.54. This represents a 9.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Omar Fathi Meguid sold 2,261 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was 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 in the company, valued at $424,602.24. This trade represents a 48.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,953 shares of company stock valued at $5,359,758. 0.47% of the stock is owned by insiders.

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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