Inspire Investing LLC Increases Stock Position in BWX Technologies, Inc. $BWXT

Key Points

• Inspire Investing LLC boosted its stake in BWX Technologies by 17.4% during the second quarter, increasing its holdings to approximately $3.7 million.
• The stock is currently rated as a Moderate Buy by analysts, with a consensus price target of $164.58, amid various upgrades and performances in research reports.
• Recent insider trading noted a sale of 29,953 shares totaling over $5.3 million by company executives, indicating a decrease in their ownership stakes.

Inspire Investing LLC raised its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 17.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,704 shares of the technology company's stock after buying an additional 3,804 shares during the quarter. Inspire Investing LLC's holdings in BWX Technologies were worth $3,703,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Intrua Financial LLC lifted its position in BWX Technologies by 3.9% during the first quarter. Intrua Financial LLC now owns 2,625 shares of the technology company's stock valued at $259,000 after buying an additional 99 shares during the period. HHM Wealth Advisors LLC lifted its position in BWX Technologies by 34.5% during the first 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. Oakworth Capital Inc. lifted its position in BWX Technologies by 10.0% during the second quarter. Oakworth Capital Inc. now owns 1,105 shares of the technology company's stock valued at $159,000 after buying an additional 100 shares during the period. Louisiana State Employees Retirement System lifted its position in BWX Technologies by 0.4% during the second quarter. Louisiana State Employees Retirement System now owns 25,700 shares of the technology company's stock valued at $3,702,000 after buying an additional 100 shares during the period. Finally, UMB Bank n.a. lifted its position in BWX Technologies by 12.7% during the second quarter. UMB Bank n.a. now owns 1,031 shares of the technology company's stock valued at $149,000 after buying an additional 116 shares during the period. Hedge funds and other institutional investors own 94.39% of the company's stock.

Wall Street Analysts Forecast Growth

BWXT has been the subject of several recent research reports. Wedbush reissued an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft set a $180.00 price target on BWX Technologies and gave the stock a "hold" rating in a research report on Wednesday. Truist Financial set a $145.00 price target on BWX Technologies and gave the stock a "hold" rating in a research report on Tuesday, August 5th. Northland Capmk raised BWX Technologies to a "strong-buy" rating in a research report on Tuesday, September 9th. Finally, Zacks Research raised BWX Technologies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Three research 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. According to data from MarketBeat, BWX Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $164.58.

Insider Transactions at BWX Technologies

In other 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 transaction, the senior vice president directly owned 10,149 shares of the company's stock, valued at $1,800,737.07. The trade was a 17.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 value of $4,475,000.00. Following the transaction, the chief executive officer directly owned 197,594 shares in the company, valued at approximately $35,369,326. The trade was a 11.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,953 shares of company stock valued at $5,359,758. 0.47% of the stock is owned by company insiders.

BWX Technologies Price Performance

NYSE BWXT opened at $190.00 on Friday. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $199.72. The stock has a 50-day moving average of $173.96 and a 200 day moving average of $140.31. The company has a market capitalization of $17.37 billion, a price-to-earnings ratio of 59.38, a PEG ratio of 4.42 and a beta of 0.78. 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 data on Monday, August 4th. The technology company reported $1.02 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 company had revenue of $764.00 million during the quarter, compared to the consensus estimate of $708.00 million. During the same period last year, the company earned $0.82 EPS. BWX Technologies's revenue for the quarter was up 12.1% on a year-over-year basis. 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 year.

BWX Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, August 18th. BWX Technologies's payout ratio is currently 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.

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