Dover Advisors LLC Takes Position in BWX Technologies, Inc. $BWXT

Key Points

• Dover Advisors LLC acquired a new position in BWX Technologies, purchasing 1,517 shares valued at approximately $219,000 during the second quarter.
• BWX Technologies reported a quarterly earnings increase, with $1.02 earnings per share, surpassing the consensus estimate of $0.79, and a revenue of $764 million for the quarter.
• The company declared a quarterly dividend of $0.25 per share, resulting in an annualized dividend yield of 0.6%.

Dover Advisors LLC acquired a new position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,517 shares of the technology company's stock, valued at approximately $219,000.

A number of other institutional investors have also made changes to their positions in the business. Amanah Holdings Trust bought a new stake in shares of BWX Technologies in the second quarter worth $40,481,000. Doliver Advisors LP bought a new stake in shares of BWX Technologies in the second quarter worth $1,034,000. Compass Financial Services Inc bought a new stake in shares of BWX Technologies in the first quarter worth $33,000. Inspire Investing LLC lifted its position in shares of BWX Technologies by 3.7% in the first quarter. Inspire Investing LLC now owns 21,900 shares of the technology company's stock worth $2,160,000 after purchasing an additional 788 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of BWX Technologies in the first quarter worth $3,068,000. Institutional investors own 94.39% of the company's stock.

BWX Technologies Price Performance

Shares of BWXT opened at $168.54 on Monday. The firm has a market capitalization of $15.40 billion, a PE ratio of 52.67, a PEG ratio of 3.81 and a beta of 0.75. The company's 50-day moving average is $158.26 and its 200-day moving average is $129.39. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week 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.

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, beating 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 company's revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Equities analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

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

Insider Buying and Selling at BWX Technologies

In related news, Director Leland D. Melvin sold 600 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $178.26, for a total value of $106,956.00. Following the transaction, the director directly owned 5,579 shares in the company, 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 accessible through this link. Also, SVP Omar Fathi Meguid sold 2,261 shares of the company's 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 completion of the transaction, the senior vice president 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 ninety days, insiders have sold 29,953 shares of company stock valued at $5,359,758. 0.47% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Truist Financial set a $145.00 price objective on shares of BWX Technologies and gave the stock a "hold" rating in a research report on Tuesday, August 5th. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. Northland Capmk raised shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, September 9th. Maxim Group reaffirmed a "hold" rating on shares of BWX Technologies in a research report on Wednesday, August 6th. Finally, Wall Street Zen lowered shares of BWX Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $160.83.

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.

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