Jump Financial LLC Buys 48,495 Shares of BWX Technologies, Inc. $BWXT

Key Points

• Jump Financial LLC has significantly increased its stake in BWX Technologies, Inc., raising it by 901.4% to own a total of 53,875 shares, valued at approximately $5.3 million.
• Several institutional investors have also boosted their stakes, with Vanguard Group now holding 9.4 million shares worth around $927.7 million, indicating strong interest in the company's stock.
• BWX Technologies recently posted a Q2 EPS of $1.02, surpassing analysts' expectations, while also announcing a quarterly dividend of $0.25 per share, with a yield of 0.6%.

Jump Financial LLC boosted its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 901.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,875 shares of the technology company's stock after purchasing an additional 48,495 shares during the quarter. Jump Financial LLC owned about 0.06% of BWX Technologies worth $5,315,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vontobel Holding Ltd. bought a new stake in shares of BWX Technologies in the first quarter valued at about $383,000. Synergy Asset Management LLC bought a new position in shares of BWX Technologies during the first quarter worth approximately $296,000. Clear Creek Financial Management LLC acquired a new stake in shares of BWX Technologies in the first quarter valued at approximately $223,000. Artemis Investment Management LLP bought a new stake in shares of BWX Technologies in the first quarter valued at approximately $19,331,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in BWX Technologies by 343.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 33,063 shares of the technology company's stock worth $3,262,000 after buying an additional 25,615 shares in the last quarter. Institutional investors own 94.39% of the company's stock.

Analyst Ratings Changes

BWXT has been the topic of a number of recent research reports. Wall Street Zen lowered BWX Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Bank of America increased their target price on BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Maxim Group reaffirmed a "hold" rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $150.00 price objective (up previously from $119.00) on shares of BWX Technologies in a research report on Tuesday, July 8th. Finally, William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. One 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 assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $154.51.

Insider Buying and Selling at BWX Technologies

In other news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the firm's stock in a transaction on 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 owned 10,149 shares of the company's stock, valued at approximately $1,800,737.07. This trade represents a 17.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leland D. Melvin sold 600 shares of the firm's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $178.26, for a total transaction of $106,956.00. Following the transaction, the director directly owned 5,579 shares of the company's stock, valued at $994,512.54. The trade was a 9.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,953 shares of company stock worth $5,359,758 over the last ninety days. Insiders own 0.47% of the company's stock.

BWX Technologies Price Performance

NYSE:BWXT traded up $0.24 on Thursday, hitting $165.84. The company had a trading volume of 810,948 shares, compared to its average volume of 1,131,735. The stock has a market capitalization of $15.16 billion, a price-to-earnings ratio of 51.83, a PEG ratio of 3.77 and a beta of 0.73. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28. The firm has a 50 day moving average of $153.12 and a two-hundred day moving average of $124.32. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 week high of $189.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its 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 firm had revenue of $764.00 million for the quarter, compared to analysts' expectations 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 was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, research analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 0.6%. BWX Technologies's dividend payout ratio (DPR) is presently 31.25%.

BWX Technologies Company 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.