Northern Trust Corp Increases Position in BWX Technologies, Inc. $BWXT

Key Points

• Northern Trust Corp increased its stake in BWX Technologies by 2.2%, acquiring an additional 17,526 shares, totaling about $82 million in value.
• Analysts have set new price targets for BWX Technologies, with Bank of America raising its target from $155 to $220, indicating strong market confidence in the stock's performance.
• BWX Technologies announced a quarterly dividend of $0.25 per share, representing an annual yield of 0.6%, set to be paid to shareholders of record.

Northern Trust Corp raised its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 2.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 832,615 shares of the technology company's stock after buying an additional 17,526 shares during the period. Northern Trust Corp owned about 0.91% of BWX Technologies worth $82,137,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in BWXT. Utah Retirement Systems boosted its holdings in shares of BWX Technologies by 2.1% during the 4th quarter. Utah Retirement Systems now owns 4,900 shares of the technology company's stock valued at $546,000 after purchasing an additional 100 shares during the last quarter. HHM Wealth Advisors LLC lifted its holdings in shares of BWX Technologies by 34.5% in the 1st quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock valued at $38,000 after acquiring an additional 100 shares during the last quarter. Gateway Investment Advisers LLC lifted its holdings in shares of BWX Technologies by 6.0% in the 1st quarter. Gateway Investment Advisers LLC now owns 2,154 shares of the technology company's stock valued at $212,000 after acquiring an additional 121 shares during the last quarter. Mesirow Financial Investment Management Inc. lifted its holdings in shares of BWX Technologies by 3.3% in the 1st quarter. Mesirow Financial Investment Management Inc. now owns 4,186 shares of the technology company's stock valued at $413,000 after acquiring an additional 132 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its holdings in shares of BWX Technologies by 2.0% in the 1st quarter. Avantax Advisory Services Inc. now owns 7,136 shares of the technology company's stock valued at $704,000 after acquiring an additional 141 shares during the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BWXT shares. Truist Financial set a $145.00 price target on shares of BWX Technologies and gave the company a "hold" rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $150.00 price objective (up previously from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. Bank of America raised their price objective on shares of BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. CLSA reissued 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 reissued an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $154.51.

BWX Technologies Stock Down 2.5%

BWXT stock traded down $4.07 during trading on Friday, hitting $161.77. 407,948 shares of the company's stock traded hands, compared to its average volume of 1,127,254. The firm has a market capitalization of $14.79 billion, a P/E ratio of 50.58, a PEG ratio of 3.75 and a beta of 0.73. The business has a fifty day simple moving average of $153.63 and a two-hundred day simple moving average of $124.67. The company has a quick ratio of 1.60, a current ratio of 1.69 and a debt-to-equity ratio of 1.28. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $189.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.23. The company 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%. BWX Technologies's revenue was up 12.1% compared to the same quarter last year. During the same period last year, the company posted $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Sell-side analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Monday, August 18th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend 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 presently 31.25%.

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 directly owned 10,149 shares of the company's stock, valued at approximately $1,800,737.07. This represents a 17.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Leland D. Melvin sold 600 shares of the company's stock in a transaction on 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 directly owned 5,579 shares in the company, valued at approximately $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. In the last ninety days, insiders sold 29,953 shares of company stock valued at $5,359,758. Company 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.