Dimensional Fund Advisors LP Boosts Stock Holdings in BWX Technologies, Inc. $BWXT

Key Points

• Dimensional Fund Advisors LP increased its holdings in BWX Technologies by 11.9% during Q1, now owning 1,211,624 shares worth approximately $119.52 million.
• BWX Technologies reported an earnings per share (EPS) of $1.02, exceeding the consensus estimate of $0.79, along with a revenue increase of 12.1% year-over-year.
• The company declared a quarterly dividend of $0.25 per share, with an annualized dividend yield of 0.6%, to be paid on September 5th.

Dimensional Fund Advisors LP grew its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 11.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,211,624 shares of the technology company's stock after acquiring an additional 128,791 shares during the quarter. Dimensional Fund Advisors LP owned about 1.33% of BWX Technologies worth $119,522,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vontobel Holding Ltd. purchased a new position in shares of BWX Technologies in the first quarter valued at approximately $383,000. Synergy Asset Management LLC purchased a new position in shares of BWX Technologies in the first quarter valued at approximately $296,000. Clear Creek Financial Management LLC purchased a new position in shares of BWX Technologies in the first quarter valued at approximately $223,000. Artemis Investment Management LLP purchased a new position in shares of BWX Technologies in the first quarter valued at approximately $19,331,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of BWX Technologies by 343.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 33,063 shares of the technology company's stock valued at $3,262,000 after acquiring an additional 25,615 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

BWX Technologies Trading Down 0.2%

BWX Technologies stock traded down $0.26 during mid-day trading on Monday, hitting $162.83. The company's stock had a trading volume of 1,073,651 shares, compared to its average volume of 1,417,875. The firm has a market capitalization of $14.88 billion, a PE ratio of 50.88, a price-to-earnings-growth ratio of 3.69 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 company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28. The stock's fifty day moving average is $152.10 and its two-hundred day moving average is $123.73.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued 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 company had revenue of $764.00 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

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 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, August 18th. BWX Technologies's dividend payout ratio is 31.25%.

Insider Transactions at BWX Technologies

In other BWX Technologies news, 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 transaction, the senior vice president directly owned 2,361 shares in the company, valued at $424,602.24. This represents a 48.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the company's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $177.43, for a total value of $371,183.56. Following the transaction, the senior vice president owned 10,149 shares in the company, valued at $1,800,737.07. This trade represents a 17.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,953 shares of company stock valued at $5,359,758 over the last three months. 0.47% of the stock is currently owned by company insiders.

Analyst Ratings Changes

BWXT has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $150.00 price target (up previously from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. Maxim Group reaffirmed a "hold" rating on shares of BWX Technologies in a report on Wednesday, August 6th. Bank of America increased their price target on BWX Technologies from $155.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Truist Financial set a $145.00 price target on BWX Technologies and gave the company a "hold" rating in a report on Tuesday, August 5th. Finally, William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. One equities 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $154.51.

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.