6,831 Shares in BWX Technologies, Inc. $BWXT Purchased by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. acquired a new stake in BWX Technologies, purchasing 6,831 shares valued at approximately $674,000 in Q1.
• A significant number of other institutional investors also increased their holdings, including T. Rowe Price, which boosted its stake by 19.7%, now owning shares valued at $444 million.
• Analysts have mixed ratings on BWXT, with a moderate buy average rating and a target price of $154.51, reflecting strong expectations for growth despite some downgrades.

Graham Capital Management L.P. purchased a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,831 shares of the technology company's stock, valued at approximately $674,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BWXT. Baird Financial Group Inc. boosted its position in BWX Technologies by 35.6% during the 1st quarter. Baird Financial Group Inc. now owns 460,326 shares of the technology company's stock worth $45,411,000 after buying an additional 120,851 shares during the period. Vident Advisory LLC raised its stake in shares of BWX Technologies by 149.2% during the first quarter. Vident Advisory LLC now owns 148,880 shares of the technology company's stock valued at $14,687,000 after acquiring an additional 89,137 shares during the last quarter. Magnetar Financial LLC lifted its holdings in shares of BWX Technologies by 143.2% during the first quarter. Magnetar Financial LLC now owns 82,150 shares of the technology company's stock worth $8,104,000 after purchasing an additional 48,371 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of BWX Technologies by 194.0% in the first quarter. Canada Pension Plan Investment Board now owns 157,900 shares of the technology company's stock worth $15,577,000 after purchasing an additional 104,200 shares during the last quarter. Finally, State of Wyoming increased its holdings in BWX Technologies by 4.8% in the first quarter. State of Wyoming now owns 3,940 shares of the technology company's stock valued at $389,000 after purchasing an additional 179 shares during the period. Institutional investors and hedge funds own 94.39% of the company's stock.

BWX Technologies Trading Up 2.5%

Shares of NYSE:BWXT traded up $4.09 during mid-day trading on Thursday, hitting $170.22. The company had a trading volume of 1,095,429 shares, compared to its average volume of 1,042,944. 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, Inc. has a one year low of $84.21 and a one year high of $189.25. The firm has a fifty day moving average price of $157.81 and a 200 day moving average price of $128.61. The company has a market capitalization of $15.56 billion, a PE ratio of 53.19, a price-to-earnings-growth ratio of 3.76 and a beta of 0.75.

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

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Monday, August 18th were issued 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 currently 31.25%.

Insider Activity

In related news, Director Leland D. Melvin sold 600 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $178.26, for a total transaction of $106,956.00. Following the completion of the sale, the director owned 5,579 shares in the company, valued at approximately $994,512.54. This trade represents a 9.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Omar Fathi Meguid sold 2,261 shares of BWX Technologies stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $179.84, for a total transaction of $406,618.24. Following the completion of the sale, the senior vice president directly owned 2,361 shares in the company, valued at $424,602.24. This trade represents a 48.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,953 shares of company stock valued at $5,359,758 over the last ninety days. Company insiders own 0.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Truist Financial set a $145.00 target price on BWX Technologies and gave the stock a "hold" rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $150.00 price objective (up from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. William Blair reissued an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. Maxim Group restated a "hold" rating on shares of BWX Technologies in a research report on Wednesday, August 6th. Finally, Northland Securities began coverage on shares of BWX Technologies in a research note on Wednesday. They issued an "outperform" rating and a $205.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $160.83.

About BWX Technologies

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.