Landscape Capital Management L.L.C. Purchases New Shares in BWX Technologies, Inc. $BWXT

Key Points

• Landscape Capital Management L.L.C. acquired 8,091 shares of BWX Technologies, Inc. valued at approximately $798,000, as part of its first quarter investments.
• Institutional investors hold 94.39% of BWX Technologies' stock, with significant increases in stakes from firms like Hsbc Holdings PLC and Voya Investment Management LLC during the 4th quarter.
• BWX Technologies recently reported earnings of $1.02 per share, surpassing expectations, and announced a quarterly dividend of $0.25 per share, with an annualized dividend yield of 0.6%.

Landscape Capital Management L.L.C. purchased a new stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 8,091 shares of the technology company's stock, valued at approximately $798,000.

A number of other institutional investors have also recently added to or reduced their stakes in BWXT. Hsbc Holdings PLC grew its stake in BWX Technologies by 103.1% in the 4th quarter. Hsbc Holdings PLC now owns 3,826 shares of the technology company's stock valued at $425,000 after acquiring an additional 1,942 shares during the period. Voya Investment Management LLC grew its stake in BWX Technologies by 34.9% in the 4th quarter. Voya Investment Management LLC now owns 26,550 shares of the technology company's stock valued at $2,957,000 after acquiring an additional 6,862 shares during the period. Northern Trust Corp grew its stake in BWX Technologies by 13.3% in the 4th quarter. Northern Trust Corp now owns 815,089 shares of the technology company's stock valued at $90,793,000 after acquiring an additional 95,811 shares during the period. Utah Retirement Systems grew its stake in BWX Technologies by 2.1% in the 4th quarter. Utah Retirement Systems now owns 4,900 shares of the technology company's stock valued at $546,000 after acquiring an additional 100 shares during the period. Finally, AlTi Global Inc. acquired a new stake in BWX Technologies in the 4th quarter valued at $405,000. Institutional investors and hedge funds own 94.39% of the company's stock.

Insider Activity

In other news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $177.43, for a total transaction of $371,183.56. Following the transaction, the senior vice president owned 10,149 shares of the company's stock, valued at approximately $1,800,737.07. The trade was a 17.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Omar Fathi Meguid sold 2,261 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $179.84, for a total transaction of $406,618.24. Following the transaction, the senior vice president directly owned 2,361 shares in the company, valued at approximately $424,602.24. The trade was a 48.92% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,953 shares of company stock worth $5,359,758. 0.47% of the stock is owned by insiders.

BWX Technologies Trading Down 2.3%

Shares of BWXT stock opened at $161.94 on Friday. The company's 50-day moving average price is $154.02 and its 200-day moving average price is $125.13. 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 stock has a market cap of $14.80 billion, a price-to-earnings ratio of 50.60, a PEG ratio of 3.67 and a beta of 0.73. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month 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 earnings per share for the quarter, beating the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. As a group, equities analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Monday, August 18th will be given 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 payout ratio is presently 31.25%.

Analysts Set New Price Targets

BWXT has been the topic of a number of research analyst reports. Bank of America lifted their price target on shares of BWX Technologies from $155.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Maxim Group reaffirmed a "hold" rating on shares of BWX Technologies in a report on Wednesday, August 6th. Wall Street Zen lowered shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. Finally, CLSA reaffirmed an "outperform" rating and set a $177.60 target price (up previously from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $154.51.

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.

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