Perennial Advisors LLC Acquires New Stake in BWX Technologies, Inc. $BWXT

Key Points

• Perennial Advisors LLC acquired 1,530 shares of BWX Technologies, valued at approximately $220,000, during Q2, highlighting increasing interest from institutional investors.
• Analysts have set a consensus price target of $160.83 for BWX Technologies, with Bank of America boosting its target from $155.00 to $220.00, reflecting positive sentiment about the company's future performance.
• Insider transactions included significant sales by senior executives, with a total of 29,953 shares sold in the past three months, indicating potential shifts in ownership dynamics within the company.

Perennial Advisors LLC bought a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 1,530 shares of the technology company's stock, valued at approximately $220,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Mackenzie Financial Corp bought a new position in shares of BWX Technologies during the fourth quarter worth about $387,000. Ameriflex Group Inc. acquired a new stake in BWX Technologies during the 4th quarter valued at approximately $34,000. Centaurus Financial Inc. raised its holdings in BWX Technologies by 21.9% during the 4th quarter. Centaurus Financial Inc. now owns 1,840 shares of the technology company's stock worth $205,000 after purchasing an additional 330 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of BWX Technologies by 2.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,448 shares of the technology company's stock worth $830,000 after purchasing an additional 172 shares during the period. Finally, 111 Capital bought a new stake in shares of BWX Technologies in the 4th quarter valued at $364,000. Institutional investors own 94.39% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BWXT shares. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $150.00 target price (up previously from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. Truist Financial set a $145.00 price objective on BWX Technologies and gave the stock a "hold" rating in a research report on Tuesday, August 5th. Bank of America boosted their price objective on BWX Technologies from $155.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Wall Street Zen cut BWX Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Northland Securities initiated coverage on BWX Technologies in a report on Wednesday, September 10th. They issued an "outperform" rating and a $205.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, BWX Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $160.83.

Insider Buying and Selling at BWX Technologies

In other BWX Technologies news, SVP Omar Fathi Meguid sold 2,261 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $179.84, for a total transaction of $406,618.24. Following the transaction, the senior vice president owned 2,361 shares in the company, valued at approximately $424,602.24. This represents a 48.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Leland D. Melvin sold 600 shares of BWX Technologies stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $178.26, for a total transaction of $106,956.00. Following the transaction, the director owned 5,579 shares of the company's stock, valued at $994,512.54. This represents a 9.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,953 shares of company stock worth $5,359,758. Corporate insiders own 0.47% of the company's stock.

BWX Technologies Stock Performance

Shares of BWXT opened at $175.14 on Thursday. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $189.25. The company has a market cap of $16.01 billion, a PE ratio of 54.73, a P/E/G ratio of 4.03 and a beta of 0.75. The stock has a 50-day moving average of $164.08 and a 200-day moving average of $133.06. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.23. The business had revenue of $764.00 million for 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 company's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, equities research analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Monday, August 18th. BWX Technologies's payout ratio is 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.

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