Petrus Trust Company LTA Makes New Investment in BWX Technologies, Inc. $BWXT

Key Points

• Petrus Trust Company LTA acquired 3,235 shares of BWX Technologies, valued at around $319,000, indicating growing institutional interest in the company.
• Multiple large investors have increased their holdings in BWX Technologies, with Vanguard Group Inc. owning over $927 million worth of shares, highlighting a trend of investment in the company.
• BWX Technologies reported better-than-expected earnings for the last quarter, with an EPS of $1.02, surpassing the consensus estimate of $0.79, and revenue of $764 million, showcasing robust performance.

Petrus Trust Company LTA bought a new stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,235 shares of the technology company's stock, valued at approximately $319,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BWXT. T. Rowe Price Investment Management Inc. grew its holdings in BWX Technologies by 19.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,503,679 shares of the technology company's stock valued at $444,288,000 after buying an additional 741,282 shares during the last quarter. Westwood Holdings Group Inc. grew its holdings in BWX Technologies by 279.0% in the 1st quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company's stock valued at $94,562,000 after buying an additional 705,648 shares during the last quarter. Blair William & Co. IL grew its holdings in BWX Technologies by 84.3% in the 1st quarter. Blair William & Co. IL now owns 782,991 shares of the technology company's stock valued at $77,242,000 after buying an additional 358,170 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in BWX Technologies by 6,116.6% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 323,326 shares of the technology company's stock valued at $31,896,000 after buying an additional 318,125 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. acquired a new stake in BWX Technologies in the 1st quarter valued at approximately $31,318,000. Institutional investors and hedge funds own 94.39% of the company's stock.

BWX Technologies Price Performance

BWXT stock traded down $1.56 during trading on Friday, hitting $168.54. The company had a trading volume of 688,838 shares, compared to its average volume of 1,045,166. The company has a fifty day moving average price of $158.26 and a two-hundred day moving average price of $129.39. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28. The company has a market cap of $15.40 billion, a P/E ratio of 52.67, a P/E/G ratio of 3.81 and a beta of 0.75. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $189.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The technology company reported $1.02 EPS for the quarter, beating 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%.BWX Technologies's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 EPS. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Equities research analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 18th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.00 annualized dividend and a yield of 0.6%. BWX Technologies's payout ratio is currently 31.25%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BWXT shares. Maxim Group reaffirmed a "hold" rating on shares of BWX Technologies in a report on Wednesday, August 6th. CLSA reissued an "outperform" rating and set a $177.60 price objective (up previously from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $150.00 price objective (up previously from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. Wall Street Zen lowered BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Truist Financial set a $145.00 price objective on BWX Technologies and gave the stock a "hold" rating in a report on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $160.83.

Insider Buying and Selling

In other BWX Technologies news, SVP Omar Fathi Meguid sold 2,261 shares of the business'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 transaction, the senior vice president owned 2,361 shares of the company's stock, valued at approximately $424,602.24. The trade was a 48.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rex D. Geveden sold 25,000 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $179.00, for a total value of $4,475,000.00. Following the completion of the transaction, the chief executive officer directly owned 197,594 shares in the company, valued at approximately $35,369,326. This represents a 11.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,953 shares of company stock worth $5,359,758 in the last quarter. Corporate insiders own 0.47% of the company's stock.

About BWX Technologies

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.