Kieckhefer Group LLC Acquires Shares of 35,730 BWX Technologies, Inc. $BWXT

Key Points

• Kieckhefer Group LLC has made a new investment in BWX Technologies, acquiring 35,730 shares valued at approximately $5.15 million, making it the firm's 8th largest holding.
• BWX Technologies recently reported a 12.1% year-over-year revenue growth for the quarter, with earnings per share of $1.02, surpassing analyst expectations.
• The company announced a quarterly dividend of $0.25 per share, yielding 0.6%, and has a payout ratio of 31.25%.

Kieckhefer Group LLC acquired a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 35,730 shares of the technology company's stock, valued at approximately $5,147,000. BWX Technologies makes up about 2.8% of Kieckhefer Group LLC's investment portfolio, making the stock its 8th biggest holding.

Other institutional investors also recently modified their holdings of the company. Stone House Investment Management LLC acquired a new position in shares of BWX Technologies during the first quarter worth $31,000. Compass Financial Services Inc bought a new stake in BWX Technologies in the first quarter worth $33,000. Ameriflex Group Inc. purchased a new stake in shares of BWX Technologies in the 4th quarter worth about $34,000. MassMutual Private Wealth & Trust FSB raised its position in shares of BWX Technologies by 200.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock worth $35,000 after purchasing an additional 236 shares during the last quarter. Finally, HHM Wealth Advisors LLC increased its position in shares of BWX Technologies by 34.5% during the 1st quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock valued at $38,000 after purchasing an additional 100 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BWXT has been the topic of a number of research analyst reports. Northland Securities began coverage on shares of BWX Technologies in a research report on Wednesday, September 10th. They set an "outperform" rating and a $205.00 target price on the stock. Wall Street Zen cut shares of BWX Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Bank of America raised their target price on BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $150.00 target price (up from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. Finally, Northland Capmk raised BWX Technologies to a "strong-buy" rating in a research note on Tuesday, September 9th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $160.83.

Insider Transactions at BWX Technologies

In other BWX Technologies news, Director Leland D. Melvin sold 600 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $994,512.54. This 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, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the company'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 $1,800,737.07. This represents a 17.09% decrease in their position. The disclosure for this sale can be found here. In the last three months, 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 Trading Up 2.2%

Shares of NYSE:BWXT traded up $3.84 during trading on Monday, hitting $178.34. 1,045,148 shares of the company's stock were exchanged, compared to its average volume of 1,100,955. The firm has a 50-day moving average price of $162.57 and a two-hundred day moving average price of $132.45. 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 market cap of $16.30 billion, a P/E ratio of 55.73, a PEG ratio of 3.95 and a beta of 0.75. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $189.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The technology company reported $1.02 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.23. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The firm had revenue of $764.00 million during the quarter, compared to analysts' expectations of $708.00 million. During the same quarter last year, the company posted $0.82 earnings per share. The company's revenue for the quarter 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. Equities analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

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 0.6%. 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.