21,149 Shares in BWX Technologies, Inc. $BWXT Purchased by Korea Investment CORP

Key Points

• Korea Investment CORP acquired 21,149 shares of BWX Technologies, Inc. during the 1st quarter, valued at approximately $2,086,000.
• BWX Technologies reported a 12.1% increase in quarterly revenue year-over-year, achieving $764 million and exceeding analysts' estimates.
• The company announced a quarterly dividend of $0.25 per share, with an ex-dividend date of August 18th, reflecting a 0.6% dividend yield.

Korea Investment CORP purchased a new stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 21,149 shares of the technology company's stock, valued at approximately $2,086,000.

A number of other institutional investors also recently modified their holdings of BWXT. Westwood Holdings Group Inc. lifted its holdings in shares of BWX Technologies by 279.0% in the first 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 in the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of BWX Technologies by 204.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 916,323 shares of the technology company's stock valued at $102,069,000 after purchasing an additional 615,693 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of BWX Technologies by 84.3% in the first 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 in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of BWX Technologies by 248.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 453,680 shares of the technology company's stock valued at $50,537,000 after purchasing an additional 323,445 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of BWX Technologies by 6,116.6% in the first 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 in the last quarter. 94.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BWX Technologies

In related news, CEO Rex D. Geveden sold 25,000 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $179.00, for a total transaction 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. This trade represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the firm's 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 in the company, valued at approximately $1,800,737.07. This represents a 17.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,953 shares of company stock valued at $5,359,758 in the last three months. 0.47% of the stock is owned by insiders.

BWX Technologies Stock Performance

Shares of BWXT stock traded down $0.76 during midday trading on Thursday, hitting $164.84. 393,359 shares of the company were exchanged, compared to its average volume of 1,129,149. The firm has a market capitalization of $15.07 billion, a P/E ratio of 51.53, a PEG ratio of 3.77 and a beta of 0.73. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69. The firm's 50 day moving average price is $153.12 and its two-hundred day moving average price is $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 announced its earnings results 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 net margin of 10.28% and a return on equity of 30.61%. The business had revenue of $764.00 million during the quarter, compared to the consensus estimate of $708.00 million. During the same quarter in the previous year, the firm posted $0.82 EPS. BWX Technologies's 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. As a group, equities research analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Monday, August 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a 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%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Truist Financial set a $145.00 price objective on BWX Technologies and gave the company a "hold" rating in a report on Tuesday, August 5th. CLSA restated an "outperform" rating and issued a $177.60 price objective (up previously from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. William Blair restated an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $150.00 price objective (up previously from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. Finally, Maxim Group restated a "hold" rating on shares of BWX Technologies in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $154.51.

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.