Martingale Asset Management L P Purchases 7,503 Shares of BWX Technologies, Inc. $BWXT

Key Points

• Martingale Asset Management L P increased its stake in BWX Technologies, Inc. by 267.5% in the first quarter, owning over 10,000 shares valued at approximately $1,017,000.
• BWX Technologies reported an earnings per share of $1.02 for the recent quarter, surpassing estimates and showing a 12.1% year-over-year revenue growth.
• The company recently announced a quarterly dividend of $0.25 per share, scheduled for payment on September 5th, representing an annualized yield of 0.6%.

Martingale Asset Management L P boosted its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 267.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,308 shares of the technology company's stock after purchasing an additional 7,503 shares during the period. Martingale Asset Management L P's holdings in BWX Technologies were worth $1,017,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BWXT. Stone House Investment Management LLC purchased a new position in shares of BWX Technologies during the 1st quarter valued at $31,000. Ameriflex Group Inc. acquired a new stake in shares of BWX Technologies during the 4th quarter valued at about $34,000. MassMutual Private Wealth & Trust FSB grew its position in BWX Technologies by 200.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock worth $35,000 after acquiring an additional 236 shares in the last quarter. HHM Wealth Advisors LLC boosted its holdings in BWX Technologies by 34.5% in the first quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock worth $38,000 after purchasing an additional 100 shares in the last quarter. Finally, Vermillion Wealth Management Inc. bought a new stake in shares of BWX Technologies during the 4th quarter worth about $40,000. Institutional investors and hedge funds own 94.39% of the company's stock.

Insider Buying and Selling at BWX Technologies

In other news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $177.43, for a total value of $371,183.56. Following 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Leland D. Melvin sold 600 shares of the business'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 transaction, the director owned 5,579 shares of the company's stock, valued at $994,512.54. The trade was a 9.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,953 shares of company stock valued at $5,359,758. 0.47% of the stock is currently owned by corporate insiders.

BWX Technologies Price Performance

Shares of NYSE:BWXT traded down $4.00 on Friday, hitting $161.83. The stock had a trading volume of 440,705 shares, compared to its average volume of 1,127,354. The firm's 50 day moving average price is $153.63 and its 200-day moving average price is $124.67. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $189.25. The company has a market capitalization of $14.79 billion, a price-to-earnings ratio of 50.51, a price-to-earnings-growth ratio of 3.75 and a beta of 0.73.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The technology company reported $1.02 earnings per share 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 company had revenue of $764.00 million during the quarter, compared to analyst estimates of $708.00 million. During the same quarter last year, the business posted $0.82 earnings per share. The company's revenue was up 12.1% on a year-over-year basis. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, equities research 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 announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Monday, August 18th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend 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 31.25%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BWXT. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $150.00 price objective (up from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. CLSA reiterated an "outperform" rating and issued a $177.60 target price (up previously from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. Wall Street Zen cut shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. William Blair restated an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. Finally, Maxim Group reaffirmed a "hold" rating on shares of BWX Technologies in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned 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 currently has an average rating of "Moderate Buy" and a consensus target price 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.