Everstar Asset Management LLC Takes $3.43 Million Position in BWX Technologies, Inc. $BWXT

Key Points

• Everstar Asset Management LLC has acquired a new stake in BWX Technologies, Inc. valued at approximately $3.43 million, making it the firm's 28th largest position in its investment portfolio.
• During the first quarter, several institutional investors increased their stakes in BWX Technologies, with 94.39% of the stock currently held by these investors.
• BWX Technologies recently announced a quarterly dividend of $0.25 per share, reflecting an annual yield of 0.6% and a payout ratio of 31.25%.

Everstar Asset Management LLC bought a new stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 34,715 shares of the technology company's stock, valued at approximately $3,425,000. BWX Technologies comprises 0.6% of Everstar Asset Management LLC's investment portfolio, making the stock its 28th biggest position.

Several other hedge funds and other institutional investors also recently modified their holdings of BWXT. Stone House Investment Management LLC purchased a new position in shares of BWX Technologies in the 1st quarter valued at approximately $31,000. Ameriflex Group Inc. acquired a new stake in shares of BWX Technologies in the 4th quarter valued at approximately $34,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of BWX Technologies by 200.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock valued at $35,000 after buying an additional 236 shares during the period. HHM Wealth Advisors LLC lifted its holdings in shares of BWX Technologies by 34.5% in the 1st quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock valued at $38,000 after buying an additional 100 shares during the period. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of BWX Technologies in the 4th quarter valued at approximately $40,000. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on BWXT shares. Northland Securities started coverage on BWX Technologies in a report on Wednesday. They issued an "outperform" rating and a $205.00 price target for the company. William Blair reissued an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $150.00 price target (up from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. Wall Street Zen cut BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Northland Capmk raised BWX Technologies to a "strong-buy" rating in a report on Tuesday. Two equities research 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $160.83.

BWX Technologies Price Performance

BWXT stock traded down $1.56 during midday trading on Friday, hitting $168.54. 688,838 shares of the stock were exchanged, compared to its average volume of 1,055,831. The stock's 50-day moving average price is $158.26 and its 200-day moving average price is $129.20. The stock has a market cap of $15.40 billion, a price-to-earnings ratio of 52.67, a PEG ratio of 3.85 and a beta of 0.75. 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 quick ratio of 1.60 and a current ratio of 1.69.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.23. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The company had revenue of $764.00 million during the quarter, compared to analysts' expectations of $708.00 million. During the same period in the previous year, the firm posted $0.82 earnings per share. The business's revenue for the quarter was up 12.1% compared to the same quarter last year. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Research analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

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

Insider Buying and Selling

In other news, Director Leland D. Melvin sold 600 shares of BWX Technologies stock in a transaction on Monday, August 11th. The stock was sold at an average price of $178.26, for a total value of $106,956.00. Following the completion of the sale, the director owned 5,579 shares of the company's stock, valued at $994,512.54. The trade was a 9.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rex D. Geveden sold 25,000 shares of BWX Technologies stock in a transaction on 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 directly owned 197,594 shares of the company's stock, valued at approximately $35,369,326. This represents a 11.23% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,953 shares of company stock valued at $5,359,758. 0.47% of the stock is owned by insiders.

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.