Doliver Advisors LP Takes $1.03 Million Position in BWX Technologies, Inc. $BWXT

Key Points

• Doliver Advisors LP has acquired a new stake in BWX Technologies, purchasing 7,176 shares valued at approximately $1.03 million during the second quarter.
• BWX Technologies reported earnings per share (EPS) of $1.02 for the last quarter, exceeding analyst expectations by $0.23, along with a year-over-year revenue increase of 12.1%.
• The company declared a quarterly dividend of $0.25 per share, resulting in an annualized yield of 0.6% and a dividend payout ratio of 31.25%.

Doliver Advisors LP purchased a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,176 shares of the technology company's stock, valued at approximately $1,034,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BWXT. Ameriprise Financial Inc. raised its holdings in shares of BWX Technologies by 43.4% during the 4th quarter. Ameriprise Financial Inc. now owns 173,851 shares of the technology company's stock valued at $19,365,000 after purchasing an additional 52,598 shares in the last quarter. Cetera Investment Advisers raised its holdings in BWX Technologies by 38.7% in the 4th quarter. Cetera Investment Advisers now owns 25,763 shares of the technology company's stock worth $2,870,000 after acquiring an additional 7,190 shares during the period. Focus Partners Wealth raised its holdings in BWX Technologies by 3.9% in the 4th quarter. Focus Partners Wealth now owns 19,508 shares of the technology company's stock worth $2,173,000 after acquiring an additional 731 shares during the period. Nomura Holdings Inc. bought a new position in BWX Technologies in the 4th quarter worth $1,352,000. Finally, Quantinno Capital Management LP raised its holdings in BWX Technologies by 63.1% in the 4th quarter. Quantinno Capital Management LP now owns 64,812 shares of the technology company's stock worth $7,219,000 after acquiring an additional 25,063 shares during the period. Institutional investors own 94.39% of the company's stock.

BWX Technologies Stock Performance

NYSE BWXT opened at $168.54 on Friday. 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 capitalization of $15.40 billion, a price-to-earnings ratio of 52.67, a P/E/G ratio of 3.85 and a beta of 0.75. The company's fifty day moving average is $158.26 and its two-hundred day moving average is $129.05. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $189.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly 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. The company had revenue of $764.00 million for the quarter, compared to analyst estimates of $708.00 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The business's quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the business posted $0.82 EPS. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Equities research analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, August 18th. BWX Technologies's dividend payout ratio (DPR) is currently 31.25%.

Insider Activity at BWX Technologies

In other news, SVP Omar Fathi Meguid sold 2,261 shares of BWX Technologies stock in a transaction dated Wednesday, August 6th. The shares were 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 approximately $424,602.24. The trade was a 48.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leland D. Melvin sold 600 shares of BWX Technologies stock in a transaction dated 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 owned 5,579 shares in the company, valued at approximately $994,512.54. This trade represents a 9.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,953 shares of company stock valued at $5,359,758. Company insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on BWXT. William Blair reiterated an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $150.00 target price (up previously from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. Northland Capmk upgraded shares of BWX Technologies to a "strong-buy" rating in a report on Tuesday. Truist Financial set a $145.00 target price on shares of BWX Technologies and gave the stock a "hold" rating in a report on Tuesday, August 5th. Finally, Wall Street Zen downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, BWX Technologies has a consensus rating of "Moderate Buy" and an average target price of $160.83.

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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