BWX Technologies, Inc. $BWXT Holdings Lifted by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its stake in BWX Technologies by 270.8%, acquiring an additional 35,273 shares to reach a total of 48,298 shares worth approximately $4.76 million.
• Insider transactions include a recent sale of 25,000 shares by CEO Rex D. Geveden valued at about $4.48 million, indicating a 11.23% reduction in his ownership of the stock.
• BWX Technologies recently reported earnings of $1.02 per share, exceeding expectations and revealing a revenue increase of 12.1% year-over-year to $764 million.

Intech Investment Management LLC boosted its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 270.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,298 shares of the technology company's stock after purchasing an additional 35,273 shares during the quarter. Intech Investment Management LLC owned approximately 0.05% of BWX Technologies worth $4,765,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BWXT. T. Rowe Price Investment Management Inc. boosted its position in BWX Technologies by 19.7% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,503,679 shares of the technology company's stock valued at $444,288,000 after purchasing an additional 741,282 shares during the period. Westwood Holdings Group Inc. boosted its position in BWX Technologies by 279.0% during the 1st quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company's stock valued at $94,562,000 after purchasing an additional 705,648 shares during the period. Blair William & Co. IL boosted its position in BWX Technologies by 84.3% during the 1st quarter. Blair William & Co. IL now owns 782,991 shares of the technology company's stock valued at $77,242,000 after purchasing an additional 358,170 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in BWX Technologies by 6,116.6% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 323,326 shares of the technology company's stock valued at $31,896,000 after purchasing an additional 318,125 shares during the period. Finally, Nikko Asset Management Americas Inc. acquired a new position in BWX Technologies during the 1st quarter valued at approximately $31,318,000. Institutional investors and hedge funds own 94.39% of the company's stock.

Insider Buying and Selling

In other news, SVP Omar Fathi Meguid sold 2,261 shares of BWX Technologies stock in a transaction 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 transaction, the senior vice president owned 2,361 shares in the company, valued at approximately $424,602.24. The trade was a 48.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Leland D. Melvin sold 600 shares of BWX Technologies stock in a transaction on Monday, August 11th. The shares were sold at an average price of $178.26, for a total value of $106,956.00. Following the transaction, the director owned 5,579 shares in the company, valued at $994,512.54. This represents a 9.71% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,953 shares of company stock valued at $5,359,758. Insiders own 0.47% of the company's stock.

BWX Technologies Price Performance

Shares of BWXT traded up $2.70 during midday trading on Tuesday, reaching $177.00. The stock had a trading volume of 1,864,034 shares, compared to its average volume of 1,125,018. 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 firm's 50 day moving average price is $158.87 and its 200-day moving average price is $129.89. The company has a market capitalization of $16.18 billion, a P/E ratio of 55.31, a P/E/G ratio of 3.81 and a beta of 0.75.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The technology company reported $1.02 EPS 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 for the quarter, compared to the consensus estimate of $708.00 million. During the same quarter in the previous year, the business earned $0.82 EPS. The company's quarterly revenue 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. On average, analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors 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 was Monday, August 18th. BWX Technologies's payout ratio is presently 31.25%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BWXT. Truist Financial set a $145.00 price objective on BWX Technologies and gave the company a "hold" rating in a research report on Tuesday, August 5th. Wall Street Zen downgraded BWX Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Maxim Group reaffirmed a "hold" rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Bank of America lifted their target price on BWX Technologies from $155.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Finally, Northland Securities began coverage on BWX Technologies in a research note on Wednesday, September 10th. They set an "outperform" rating and a $205.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.