Monetary Management Group Inc. Makes New Investment in BWX Technologies, Inc. $BWXT

Key Points

• Monetary Management Group Inc. has purchased a new stake of 2,300 shares in BWX Technologies, valued at approximately $227,000.
• Insider activity includes notable sales by senior executives, with CEO Rex D. Geveden selling 25,000 shares, resulting in an 11.23% decrease in ownership.
• BWX Technologies recently reported better-than-expected earnings, with an EPS of $1.02, beating analyst estimates of $0.79.

Monetary Management Group Inc. purchased a new stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,300 shares of the technology company's stock, valued at approximately $227,000.

A number of other hedge funds also recently made changes to their positions in the stock. Vontobel Holding Ltd. acquired a new stake in shares of BWX Technologies during the first quarter worth $383,000. Synergy Asset Management LLC acquired a new position in BWX Technologies in the first quarter valued at $296,000. Clear Creek Financial Management LLC bought a new stake in BWX Technologies during the first quarter valued at $223,000. Artemis Investment Management LLP bought a new stake in BWX Technologies during the first quarter valued at $19,331,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in BWX Technologies by 343.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 33,063 shares of the technology company's stock worth $3,262,000 after acquiring an additional 25,615 shares during the period. 94.39% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the company's stock in a transaction on 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rex D. Geveden sold 25,000 shares of the company'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 sale, the chief executive officer directly owned 197,594 shares in the company, valued at approximately $35,369,326. This trade represents a 11.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,953 shares of company stock valued at $5,359,758. 0.47% of the stock is owned by insiders.

Analysts Set New Price Targets

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

BWX Technologies Price Performance

Shares of NYSE:BWXT opened at $163.1370 on Friday. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $189.25. The stock's 50 day moving average is $151.64 and its 200-day moving average is $123.25. The company has a quick ratio of 1.60, a current ratio of 1.69 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $14.91 billion, a price-to-earnings ratio of 50.98, a PEG ratio of 3.75 and a beta of 0.73.

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 for the quarter, compared to analyst estimates of $708.00 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The business's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the firm earned $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders 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 dividend payout ratio (DPR) 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.

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