Invesco Ltd. Has $65.73 Million Holdings in BWX Technologies, Inc. $BWXT

Key Points

• Invesco Ltd. has reduced its stake in BWX Technologies by 41.7% during the first quarter, now owning approximately 666,263 shares valued at $65.7 million.
• BWX Technologies reported earnings per share (EPS) of $1.02 in its latest quarter, exceeding expectations of $0.79, alongside a revenue increase of 12.1% year-over-year.
• The company will pay a quarterly dividend of $0.25 per share on September 5th, which equates to an annualized yield of 0.6% and a dividend payout ratio of 31.25%.

Invesco Ltd. decreased its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 41.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 666,263 shares of the technology company's stock after selling 475,858 shares during the period. Invesco Ltd. owned 0.73% of BWX Technologies worth $65,727,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. National Bank of Canada FI lifted its position in BWX Technologies by 369.7% during the first quarter. National Bank of Canada FI now owns 559 shares of the technology company's stock worth $55,000 after acquiring an additional 440 shares during the last quarter. Citigroup Inc. increased its stake in shares of BWX Technologies by 73.9% during the first quarter. Citigroup Inc. now owns 198,700 shares of the technology company's stock worth $19,602,000 after purchasing an additional 84,471 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in BWX Technologies by 41.0% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,761 shares of the technology company's stock worth $1,851,000 after purchasing an additional 5,452 shares during the last quarter. Headlands Technologies LLC boosted its stake in BWX Technologies by 240.7% in the 1st quarter. Headlands Technologies LLC now owns 3,015 shares of the technology company's stock valued at $297,000 after purchasing an additional 2,130 shares during the period. Finally, Deutsche Bank AG boosted its stake in BWX Technologies by 18.2% in the 1st quarter. Deutsche Bank AG now owns 204,334 shares of the technology company's stock valued at $20,158,000 after purchasing an additional 31,497 shares during the period. Institutional investors and hedge funds own 94.39% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on BWXT. Bank of America increased their price objective on BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. CLSA reiterated an "outperform" rating and issued a $177.60 price objective (up previously from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. 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. Finally, Maxim Group reaffirmed a "hold" rating on shares of BWX Technologies in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, BWX Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $154.51.

Insiders Place Their Bets

In related news, Director Leland D. Melvin sold 600 shares of the firm's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $178.26, for a total value of $106,956.00. Following the sale, the director directly owned 5,579 shares of the company's stock, valued at $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 available through this link. Also, CEO Rex D. Geveden sold 25,000 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was 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 of the company's stock, valued at approximately $35,369,326. The trade was a 11.23% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,953 shares of company stock worth $5,359,758. 0.47% of the stock is currently owned by company insiders.

BWX Technologies Price Performance

BWX Technologies stock traded up $2.2750 during trading hours on Thursday, reaching $165.8350. 127,239 shares of the stock were exchanged, compared to its average volume of 1,128,084. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $189.25. The company has a market cap of $15.16 billion, a P/E ratio of 51.87, a price-to-earnings-growth ratio of 3.75 and a beta of 0.73. The stock has a 50 day moving average of $150.58 and a two-hundred day moving average of $122.53.

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

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Monday, August 18th will be 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 of this dividend is Monday, August 18th. BWX Technologies's dividend payout ratio (DPR) 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.