FCG Investment Co Purchases Shares of 5,557 BWX Technologies, Inc. $BWXT

Key Points

• FCG Investment Co has invested approximately $548,000 in BWX Technologies, acquiring 5,557 shares during the first quarter.
• Several institutional investors, such as Rockefeller Capital and Barclays PLC, have increased their stakes in BWX Technologies, contributing to a total institutional ownership of 94.39%.
• BWX Technologies recently announced a quarterly dividend of $0.25 per share, indicating a dividend yield of 0.6%, with the payout date set for September 5th.

FCG Investment Co purchased a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,557 shares of the technology company's stock, valued at approximately $548,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Utah Retirement Systems boosted its position in BWX Technologies by 2.1% in the 4th quarter. Utah Retirement Systems now owns 4,900 shares of the technology company's stock valued at $546,000 after buying an additional 100 shares during the last quarter. HHM Wealth Advisors LLC increased its position in shares of BWX Technologies by 34.5% during the first quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock worth $38,000 after acquiring an additional 100 shares during the last quarter. Gateway Investment Advisers LLC lifted its stake in shares of BWX Technologies by 6.0% in the first quarter. Gateway Investment Advisers LLC now owns 2,154 shares of the technology company's stock worth $212,000 after acquiring an additional 121 shares in the last quarter. Mesirow Financial Investment Management Inc. lifted its stake in shares of BWX Technologies by 3.3% in the first quarter. Mesirow Financial Investment Management Inc. now owns 4,186 shares of the technology company's stock worth $413,000 after acquiring an additional 132 shares in the last quarter. Finally, Avantax Advisory Services Inc. boosted its holdings in BWX Technologies by 2.0% in the first quarter. Avantax Advisory Services Inc. now owns 7,136 shares of the technology company's stock valued at $704,000 after purchasing an additional 141 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BWXT. CLSA restated an "outperform" rating and set a $177.60 price objective (up from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. Bank of America lifted their price target on shares of BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. Wall Street Zen lowered shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Truist Financial set a $145.00 target price on shares of BWX Technologies and gave the stock a "hold" rating in a research report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $154.51.

BWX Technologies Stock Performance

BWXT traded down $1.9240 during trading on Wednesday, reaching $163.8360. 1,408,260 shares of the company were exchanged, compared to its average volume of 1,134,411. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 week 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 firm has a 50 day moving average of $150.02 and a 200 day moving average of $122.24. The stock has a market cap of $14.97 billion, a P/E ratio of 51.20, a PEG ratio of 3.87 and a beta of 0.73.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.79 by $0.23. The business had revenue of $764.00 million during 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 quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter 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. On average, sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

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

Insiders Place Their Bets

In other BWX Technologies news, CEO Rex D. Geveden sold 25,000 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $179.00, for a total transaction of $4,475,000.00. Following the completion of the transaction, the chief executive officer owned 197,594 shares in the company, valued at approximately $35,369,326. The trade was a 11.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 owned 2,361 shares in the company, valued at approximately $424,602.24. This represents a 48.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,953 shares of company stock worth $5,359,758 over the last 90 days. Insiders own 0.47% of the company's stock.

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.