Quantbot Technologies LP Makes New Investment in BWX Technologies, Inc. $BWXT

Key Points

• Quantbot Technologies LP has invested approximately $2.93 million to acquire 29,656 shares in BWX Technologies in the first quarter of this year.
• Insider selling occurred as CEO Rex D. Geveden sold 25,000 shares for about $4.48 million, reducing his ownership stake by 11.23%.
• Analyst ratings for BWX Technologies vary, with a consensus rating of "Moderate Buy" and a recent price target increase from analysts, including a boost from Bank of America from $155.00 to $220.00.

Quantbot Technologies LP purchased a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 29,656 shares of the technology company's stock, valued at approximately $2,926,000.

Several other hedge funds and other institutional investors have also bought and sold shares of BWXT. Mariner LLC boosted its position in BWX Technologies by 5.0% in the fourth quarter. Mariner LLC now owns 13,043 shares of the technology company's stock worth $1,453,000 after purchasing an additional 619 shares during the last quarter. Guggenheim Capital LLC purchased a new position in BWX Technologies in the fourth quarter worth $353,000. Jump Financial LLC boosted its position in BWX Technologies by 71.4% in the fourth quarter. Jump Financial LLC now owns 5,380 shares of the technology company's stock worth $599,000 after purchasing an additional 2,242 shares during the last quarter. MetLife Investment Management LLC boosted its position in BWX Technologies by 8.9% in the fourth quarter. MetLife Investment Management LLC now owns 52,362 shares of the technology company's stock worth $5,833,000 after purchasing an additional 4,270 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in BWX Technologies by 38.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,256 shares of the technology company's stock worth $697,000 after purchasing an additional 1,724 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

BWX Technologies Stock Performance

Shares of BWXT traded up $0.42 during trading hours on Monday, hitting $163.51. The company's stock had a trading volume of 724,991 shares, compared to its average volume of 1,131,379. The company has a market cap of $14.94 billion, a price-to-earnings ratio of 51.15, a PEG ratio of 3.69 and a beta of 0.73. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. The business has a 50 day simple moving average of $151.64 and a two-hundred day simple moving average of $123.40. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $189.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.23. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The firm had revenue of $764.00 million during the quarter, compared to the consensus estimate of $708.00 million. During the same quarter last year, the company earned $0.82 earnings per share. The company's revenue was up 12.1% on a year-over-year basis. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, equities 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 disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Monday, August 18th will be paid a dividend of $0.25 per share. 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

In related news, Director Leland D. Melvin sold 600 shares of the business's 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 sale, the director directly owned 5,579 shares in the company, valued at approximately $994,512.54. The trade was a 9.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Omar Fathi Meguid sold 2,261 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $179.84, for a total value of $406,618.24. Following the sale, the senior vice president owned 2,361 shares in the company, valued at approximately $424,602.24. The trade was a 48.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,953 shares of company stock valued at $5,359,758. 0.47% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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