Nuveen LLC Takes $25.45 Million Position in BWX Technologies, Inc. $BWXT

Nuveen LLC purchased a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 257,947 shares of the technology company's stock, valued at approximately $25,446,000. Nuveen LLC owned 0.28% of BWX Technologies as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Utah Retirement Systems raised its stake in shares of BWX Technologies by 2.1% during the fourth 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 period. HHM Wealth Advisors LLC increased its position 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 acquiring an additional 100 shares during the last quarter. Gateway Investment Advisers LLC increased its position in shares of BWX Technologies by 6.0% during the first quarter. Gateway Investment Advisers LLC now owns 2,154 shares of the technology company's stock worth $212,000 after acquiring an additional 121 shares during the last quarter. Mesirow Financial Investment Management Inc. increased its position in shares of BWX Technologies by 3.3% during the first quarter. Mesirow Financial Investment Management Inc. now owns 4,186 shares of the technology company's stock worth $413,000 after acquiring an additional 132 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its position in shares of BWX Technologies by 2.0% during the first quarter. Avantax Advisory Services Inc. now owns 7,136 shares of the technology company's stock worth $704,000 after acquiring an additional 141 shares during the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BWXT. CLSA reaffirmed an "outperform" rating and set a $177.60 target price (up from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. Bank of America lifted their target price on BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. Truist Financial set a $145.00 target price on BWX Technologies and gave the stock a "hold" rating in a research report on Tuesday, August 5th. Finally, Maxim Group reaffirmed a "hold" rating on shares of BWX Technologies in a report on Wednesday, August 6th. One research 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's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $154.51.

Insider Buying and Selling at BWX Technologies

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

BWX Technologies Price Performance

BWXT traded up $1.5690 during trading on Thursday, reaching $165.1290. The stock had a trading volume of 540,093 shares, compared to its average volume of 1,130,513. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $189.25. The firm has a market capitalization of $15.09 billion, a price-to-earnings ratio of 51.64, a price-to-earnings-growth ratio of 3.75 and a beta of 0.73. The stock has a 50 day moving average of $150.58 and a two-hundred day moving average of $122.53. 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 (NYSE:BWXT - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The technology company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.23. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The company had revenue of $764.00 million for the quarter, compared to the consensus estimate of $708.00 million. During the same quarter in the previous year, the business earned $0.82 EPS. The company's quarterly revenue was up 12.1% compared to the same quarter last year. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. As a group, equities analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently disclosed 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. 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 currently 31.25%.

BWX Technologies Company 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.