Fox Run Management L.L.C. Raises Stake in BWX Technologies, Inc. $BWXT

Key Points

• Fox Run Management L.L.C. increased its stake in BWX Technologies by 132.2% during the first quarter, owning 15,263 shares valued at approximately $1.51 million.
• BWX Technologies reported a 12.1% year-over-year revenue increase, with earnings per share of $1.02 for the most recent quarter, exceeding analysts' expectations.
• The company announced a quarterly dividend of $0.25 per share, representing an annualized dividend yield of 0.6% for shareholders of record by August 18th.

Fox Run Management L.L.C. boosted its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 132.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,263 shares of the technology company's stock after purchasing an additional 8,690 shares during the quarter. Fox Run Management L.L.C.'s holdings in BWX Technologies were worth $1,506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Stone House Investment Management LLC bought a new position in shares of BWX Technologies in the 1st quarter worth $31,000. Ameriflex Group Inc. bought a new position in shares of BWX Technologies in the 4th quarter worth $34,000. MassMutual Private Wealth & Trust FSB increased 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 worth $35,000 after buying an additional 236 shares during the last quarter. HHM Wealth Advisors LLC increased 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 worth $38,000 after buying an additional 100 shares during the last quarter. Finally, Vermillion Wealth Management Inc. bought a new position in shares of BWX Technologies in the 4th quarter worth $40,000. Institutional investors own 94.39% of the company's stock.

Insider Buying and Selling at BWX Technologies

In related news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of BWX Technologies stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $177.43, for a total transaction of $371,183.56. Following the completion of the transaction, the senior vice president directly owned 10,149 shares of the company's stock, valued at $1,800,737.07. This trade represents a 17.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Rex D. Geveden sold 25,000 shares of BWX Technologies stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $179.00, for a total transaction of $4,475,000.00. Following the transaction, the chief executive officer directly owned 197,594 shares of the company's stock, valued at approximately $35,369,326. This trade represents a 11.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,953 shares of company stock valued at $5,359,758. Insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

BWXT has been the topic of a number of research analyst reports. Bank of America increased their price target on shares of BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Wall Street Zen lowered shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. Maxim Group reaffirmed a "hold" rating on shares of BWX Technologies in a report on Wednesday, August 6th. Finally, CLSA reaffirmed an "outperform" rating and set a $177.60 target price (up previously from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $154.51.

BWX Technologies Trading Down 3.9%

BWX Technologies stock traded down $6.67 during trading hours on Tuesday, reaching $164.27. The stock had a trading volume of 923,977 shares, compared to its average volume of 1,127,241. The stock has a market cap of $15.01 billion, a PE ratio of 51.28, a PEG ratio of 3.93 and a beta of 0.73. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 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. The company has a fifty day simple moving average of $149.35 and a 200-day simple moving average of $121.94.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.23. The firm 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 for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 EPS. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

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

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.