BWX Technologies, Inc. $BWXT Stock Holdings Increased by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its ownership of BWX Technologies by 18.2% during the 1st quarter, purchasing an additional 31,497 shares, bringing its total holdings to 204,334 shares worth approximately $20.16 million.
• BWX Technologies reported $1.02 EPS for the quarter, exceeding analysts' estimates of $0.79, with a total revenue of $764 million, up 12.1% year-over-year.
• The stock currently has a consensus rating of "Moderate Buy" from analysts, with an average target price of $154.51, reflecting varying opinions including hold and buy ratings from multiple institutions.

Deutsche Bank AG increased its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 18.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 204,334 shares of the technology company's stock after acquiring an additional 31,497 shares during the period. Deutsche Bank AG owned approximately 0.22% of BWX Technologies worth $20,158,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Sterling Capital Management LLC lifted its position in shares of BWX Technologies by 48.2% during the fourth quarter. Sterling Capital Management LLC now owns 4,601 shares of the technology company's stock worth $513,000 after purchasing an additional 1,496 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of BWX Technologies by 8.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 21,527 shares of the technology company's stock worth $2,398,000 after purchasing an additional 1,636 shares in the last quarter. Barclays PLC lifted its position in shares of BWX Technologies by 233.2% during the fourth quarter. Barclays PLC now owns 214,973 shares of the technology company's stock worth $23,947,000 after purchasing an additional 150,448 shares in the last quarter. Mariner LLC lifted its position in shares of BWX Technologies by 5.0% during the fourth quarter. Mariner LLC now owns 13,043 shares of the technology company's stock worth $1,453,000 after purchasing an additional 619 shares in the last quarter. Finally, Guggenheim Capital LLC acquired a new position in shares of BWX Technologies during the fourth quarter worth $353,000. 94.39% of the stock is owned by institutional investors and hedge funds.

BWX Technologies Stock Performance

Shares of BWX Technologies stock traded down $2.58 during trading on Monday, hitting $170.67. 724,100 shares of the stock were exchanged, compared to its average volume of 1,120,054. The stock's fifty day moving average is $148.58 and its 200 day moving average is $121.53. The stock has a market cap of $15.60 billion, a PE ratio of 53.31, a P/E/G ratio of 3.93 and a beta of 0.73. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $189.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.23. The business had revenue of $764.00 million during the quarter, compared to the consensus estimate of $708.00 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The company's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 earnings per share. As a group, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

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

Insider Activity at BWX Technologies

In related news, CEO Rex D. Geveden sold 25,000 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $179.00, for a total value of $4,475,000.00. Following the completion of the sale, the chief executive officer owned 197,594 shares of the company's stock, valued at $35,369,326. This represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $177.43, for a total transaction 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 $1,800,737.07. The trade was a 17.09% 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 worth $5,359,758. 0.47% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on BWXT shares. William Blair restated an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. Truist Financial set a $145.00 price target on shares of BWX Technologies and gave the stock a "hold" rating in a research note on Tuesday, August 5th. Maxim Group restated a "hold" rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Bank of America lifted their price target on shares of BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Finally, CLSA reiterated an "outperform" rating and set a $177.60 target price (up previously from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, BWX Technologies currently has an average rating of "Moderate Buy" and an average target price of $154.51.

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.