Eos Management L.P. Purchases New Holdings in BWX Technologies, Inc. $BWXT

Key Points

• Eos Management L.P. acquired 20,250 shares of BWX Technologies in Q2, valued at approximately $2.9 million, representing 1.3% of their portfolio.
• BWX Technologies reported earnings of $1.02 per share for the last quarter, exceeding expectations and indicating a revenue increase of 12.1% year-over-year.
• The company announced a quarterly dividend of $0.25, translating to an annual yield of 0.5% and a payout ratio of 31.25%.

Eos Management L.P. acquired a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 20,250 shares of the technology company's stock, valued at approximately $2,917,000. BWX Technologies accounts for about 1.3% of Eos Management L.P.'s portfolio, making the stock its 22nd biggest position.

A number of other institutional investors have also modified their holdings of the stock. Valeo Financial Advisors LLC grew its position in BWX Technologies by 33,572.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,517,599 shares of the technology company's stock valued at $2,228,000 after buying an additional 1,513,092 shares during the last quarter. William Blair Investment Management LLC lifted its stake in shares of BWX Technologies by 523.2% in the 2nd quarter. William Blair Investment Management LLC now owns 1,517,356 shares of the technology company's stock worth $218,590,000 after acquiring an additional 1,273,895 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in shares of BWX Technologies by 19.7% in the first 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 acquiring an additional 741,282 shares in the last quarter. Westwood Holdings Group Inc. increased 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 acquiring an additional 705,648 shares during the period. Finally, Chevy Chase Trust Holdings LLC raised its holdings in BWX Technologies by 403.3% during the second quarter. Chevy Chase Trust Holdings LLC now owns 463,919 shares of the technology company's stock worth $66,832,000 after purchasing an additional 371,748 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company's stock.

BWX Technologies Trading Down 2.9%

Shares of BWXT stock opened at $202.92 on Monday. The stock has a market cap of $18.55 billion, a P/E ratio of 63.41, a P/E/G ratio of 4.03 and a beta of 0.78. The company has a quick ratio of 1.60, a current ratio of 1.69 and a debt-to-equity ratio of 1.28. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $214.72. The business has a fifty day simple moving average of $176.80 and a 200-day simple moving average of $144.49.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its earnings results 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 firm 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 firm's revenue for the quarter was up 12.1% on a year-over-year basis. During the same period last year, the firm posted $0.82 EPS. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently announced 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 of this dividend was Monday, August 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. BWX Technologies's dividend payout ratio is presently 31.25%.

Analyst Ratings Changes

A number of brokerages have weighed in on BWXT. Truist Financial lifted their price objective on BWX Technologies from $145.00 to $173.00 and gave the company a "hold" rating in a report on Wednesday, October 15th. Wedbush reaffirmed an "outperform" rating on shares of BWX Technologies in a report on Wednesday, October 1st. Zacks Research raised BWX Technologies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 7th. Weiss Ratings lowered shares of BWX Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 8th. Finally, Northland Securities started coverage on shares of BWX Technologies in a report on Wednesday, September 10th. They issued an "outperform" rating and a $205.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, BWX Technologies has an average rating of "Moderate Buy" and a consensus price target of $168.08.

Insider Buying and Selling

In related news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of BWX Technologies stock in a transaction dated Monday, August 11th. The stock was 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 owned 10,149 shares in the company, valued at approximately $1,800,737.07. This trade represents a 17.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Omar Fathi Meguid sold 2,261 shares of the business'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 directly owned 2,361 shares of the company's stock, valued at $424,602.24. The trade was a 48.92% decrease in their position. 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 currently owned by corporate insiders.

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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