Portland Investment Counsel Inc. Has $641,000 Stock Position in BWX Technologies, Inc. $BWXT

Key Points

• Portland Investment Counsel Inc. has increased its holdings in BWX Technologies by 62.5%, acquiring an additional 2,500 shares, bringing their total to 6,500 shares valued at approximately $641,000.
• Several analysts have adjusted their ratings on BWX Technologies, with Bank of America raising its price target to $220 and maintaining a "buy" rating on the stock.
• BWX Technologies recently announced a quarterly dividend of $0.25, equating to a 0.6% dividend yield, with the dividend to be paid on September 5th.

Portland Investment Counsel Inc. lifted its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 62.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,500 shares of the technology company's stock after purchasing an additional 2,500 shares during the period. Portland Investment Counsel Inc.'s holdings in BWX Technologies were worth $641,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in BWX Technologies by 2.1% in the first quarter. Vanguard Group Inc. now owns 9,404,287 shares of the technology company's stock worth $927,733,000 after buying an additional 192,363 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of BWX Technologies by 19.7% during the first quarter. T. Rowe Price Investment Management Inc. now owns 4,503,679 shares of the technology company's stock worth $444,288,000 after purchasing an additional 741,282 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of BWX Technologies by 11.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,211,624 shares of the technology company's stock worth $119,522,000 after purchasing an additional 128,791 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of BWX Technologies by 1.6% during the 1st quarter. Bessemer Group Inc. now owns 1,038,223 shares of the technology company's stock valued at $102,419,000 after purchasing an additional 16,262 shares during the last quarter. Finally, Westwood Holdings Group Inc. boosted its position in shares of BWX Technologies by 279.0% in the 1st quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company's stock worth $94,562,000 after purchasing an additional 705,648 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

BWX Technologies Stock Performance

Shares of BWX Technologies stock traded down $0.26 during trading hours on Monday, reaching $162.83. The company's stock had a trading volume of 1,073,651 shares, compared to its average volume of 1,133,679. The stock has a market cap of $14.88 billion, a P/E ratio of 50.88, a price-to-earnings-growth ratio of 3.69 and a beta of 0.73. The company's 50 day simple moving average is $151.64 and its 200 day simple moving average is $123.40. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $189.25. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $764.00 million for the quarter, compared to analysts' expectations of $708.00 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The business's revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. As a group, analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The company 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, August 18th. BWX Technologies's payout ratio is presently 31.25%.

Insider Buying and Selling at BWX Technologies

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

Analysts Set New Price Targets

Several research analysts recently weighed in on BWXT shares. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $150.00 target price (up from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. Bank of America boosted their target price on BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. William Blair restated an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. CLSA restated an "outperform" rating and set a $177.60 target price (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Finally, Wall Street Zen downgraded BWX Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $154.51.

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.