Oppenheimer Asset Management Inc. Acquires Shares of 6,334 BWX Technologies, Inc. $BWXT

Key Points

• Oppenheimer Asset Management acquired 6,334 BWX Technologies shares worth approximately $1.23 million. Institutional investors collectively own 94.39% of the company, with several firms recently increasing or initiating positions.
• Analyst sentiment remains favorable, with BWXT carrying a “Moderate Buy” consensus rating and an average price target of $227.20; BTIG Research and JPMorgan assigned targets of $235 and $230, respectively.
• BWXT beat quarterly earnings expectations with $1.07 in EPS versus $1.04 expected, while revenue rose 18% year over year to $901.62 million. The company also declared a quarterly dividend of $0.27 per share, equivalent to a 0.6% annual yield.

Oppenheimer Asset Management Inc. acquired a new position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,334 shares of the technology company's stock, valued at approximately $1,233,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BWXT. Invesco Ltd. increased its position in shares of BWX Technologies by 60.1% during the third quarter. Invesco Ltd. now owns 2,549,150 shares of the technology company's stock valued at $469,987,000 after buying an additional 956,770 shares during the period. Select Equity Group L.P. purchased a new stake in BWX Technologies in the second quarter worth about $68,902,000. Orion Porfolio Solutions LLC lifted its holdings in BWX Technologies by 1,353.1% in the second quarter. Orion Porfolio Solutions LLC now owns 363,757 shares of the technology company's stock worth $52,403,000 after buying an additional 338,723 shares during the period. Orbis Allan Gray Ltd bought a new stake in BWX Technologies during the 2nd quarter valued at approximately $42,504,000. Finally, Blair William & Co. IL boosted its position in BWX Technologies by 20.9% during the 4th quarter. Blair William & Co. IL now owns 1,439,666 shares of the technology company's stock valued at $248,832,000 after acquiring an additional 248,598 shares in the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BWXT has been the subject of several research reports. BTIG Research reissued a "buy" rating and issued a $235.00 target price on shares of BWX Technologies in a research report on Tuesday, August 4th. Wall Street Zen lowered BWX Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Zacks Research cut BWX Technologies from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 11th. Weiss Ratings raised shares of BWX Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. initiated coverage on shares of BWX Technologies in a research note on Monday, July 27th. They issued an "overweight" rating and a $230.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, BWX Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $227.20.

BWX Technologies Stock Performance

Shares of NYSE BWXT opened at $173.14 on Monday. The firm's 50-day moving average price is $183.41 and its 200-day moving average price is $199.02. BWX Technologies, Inc. has a 52-week low of $157.10 and a 52-week high of $241.82. The company has a market cap of $15.86 billion, a PE ratio of 44.86, a PEG ratio of 2.71 and a beta of 0.76. The company has a quick ratio of 2.33, a current ratio of 2.40 and a debt-to-equity ratio of 1.51.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The technology company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.03. The firm had revenue of $901.62 million during the quarter, compared to analysts' expectations of $902.41 million. BWX Technologies had a net margin of 10.11% and a return on equity of 30.83%. The firm's quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.02 earnings per share. BWX Technologies has set its FY 2026 guidance at 4.700-4.800 EPS. As a group, analysts anticipate that BWX Technologies, Inc. will post 4.75 EPS for the current year.

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Tuesday, August 18th will be paid a dividend of $0.27 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.08 dividend on an annualized basis and a yield of 0.6%. BWX Technologies's payout ratio is currently 27.98%.

Insiders Place Their Bets

In other news, CEO Rex D. Geveden sold 10,000 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $172.50, for a total transaction of $1,725,000.00. Following the transaction, the chief executive officer directly owned 192,491 shares of the company's stock, valued at $33,204,697.50. This represents a 4.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company's stock.

About BWX Technologies

BWX Technologies, Inc NYSE: BWXT is a specialized supplier of nuclear components and services, primarily serving the U.S. government and commercial markets. The company's core expertise lies in the design, fabrication and servicing of nuclear propulsion systems for the U.S. Navy, where it supports the maintenance and overhaul of naval nuclear reactors. In addition to defense applications, BWXT develops small modular reactors (SMRs), nuclear fuel and related technologies for non‐defense power generation, offering scalable solutions to meet evolving energy and industrial demands.

Beyond propulsion and power systems, BWXT is a leading producer of medical radioisotopes used in diagnostic imaging and cancer treatment.

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