McElhenny Sheffield Capital Management LLC Takes $886,000 Position in BWX Technologies, Inc. $BWXT

Key Points

• McElhenny Sheffield Capital Management LLC has taken a new position in BWX Technologies, acquiring 6,152 shares valued at approximately $886,000.
• BWX Technologies reported $1.02 earnings per share for the last quarter, surpassing analysts' expectations, and had a revenue of $764 million, reflecting a 12.1% increase year-over-year.
• The company announced a quarterly dividend of $0.25 per share, representing an annualized dividend yield of 0.5%, with a dividend payout ratio of 31.25%.

McElhenny Sheffield Capital Management LLC acquired a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,152 shares of the technology company's stock, valued at approximately $886,000.

Several other hedge funds and other institutional investors also recently modified their holdings of BWXT. Stone House Investment Management LLC purchased a new position in shares of BWX Technologies during the first quarter worth about $31,000. Compass Financial Services Inc purchased a new position in shares of BWX Technologies during the first quarter worth about $33,000. HHM Wealth Advisors LLC grew its holdings in shares of BWX Technologies by 34.5% during 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. Farther Finance Advisors LLC grew its holdings in shares of BWX Technologies by 109.6% during the first quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock worth $46,000 after purchasing an additional 240 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings in shares of BWX Technologies by 369.7% during the first quarter. National Bank of Canada FI now owns 559 shares of the technology company's stock worth $55,000 after purchasing an additional 440 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

BWX Technologies Stock Performance

NYSE:BWXT opened at $196.88 on Thursday. The firm has a market cap of $17.99 billion, a PE ratio of 61.53, a price-to-earnings-growth ratio of 4.33 and a beta of 0.78. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $197.52. 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 business has a 50 day moving average price of $172.28 and a 200-day moving average price of $139.10.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.23. The firm had revenue of $764.00 million during the quarter, compared to analyst estimates of $708.00 million. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The business's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Equities research analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 18th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, August 18th. BWX Technologies's dividend payout ratio is currently 31.25%.

Wall Street Analysts Forecast Growth

BWXT has been the subject of several recent analyst reports. Bank of America boosted their price objective on BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Weiss Ratings lowered BWX Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday. Maxim Group reaffirmed a "hold" rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Northland Capmk raised BWX Technologies to a "strong-buy" rating in a research note on Tuesday, September 9th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 target price on BWX Technologies and gave the stock a "hold" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $164.58.

Insiders Place Their Bets

In related news, Director Leland D. Melvin sold 600 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $178.26, for a total transaction of $106,956.00. Following the completion of the transaction, the director owned 5,579 shares in the company, valued at $994,512.54. This represents a 9.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Omar Fathi Meguid sold 2,261 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $179.84, for a total value of $406,618.24. Following the transaction, the senior vice president owned 2,361 shares of the company's stock, valued at approximately $424,602.24. This represents a 48.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,953 shares of company stock worth $5,359,758 in the last ninety days. Insiders own 0.47% of the company's stock.

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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