Raymond James Financial Inc. Boosts Stock Position in BWX Technologies, Inc. $BWXT

Key Points

• Raymond James Financial Inc. increased its stake in BWX Technologies by 4.7% in Q1, owning 655,604 shares valued at approximately $64.68 million.
• Several institutional investors have also boosted their positions, with Vanguard Group and Dimensional Fund Advisors increasing their stakes by 2.1% and 11.9%, respectively.
• BWX Technologies reported a quarterly EPS of $1.02, surpassing analysts' expectations, and set its FY 2025 guidance at 3.650-3.750 EPS.

Raymond James Financial Inc. boosted its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 4.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 655,604 shares of the technology company's stock after purchasing an additional 29,604 shares during the period. Raymond James Financial Inc. owned about 0.72% of BWX Technologies worth $64,675,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stone House Investment Management LLC bought a new position in shares of BWX Technologies in the 1st quarter valued at $31,000. Ameriflex Group Inc. bought a new position in shares of BWX Technologies in the 4th quarter valued at $34,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of BWX Technologies by 200.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock valued at $35,000 after acquiring an additional 236 shares during the last quarter. HHM Wealth Advisors LLC lifted its stake in shares of BWX Technologies by 34.5% in the 1st quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock valued at $38,000 after acquiring an additional 100 shares during the last quarter. Finally, Vermillion Wealth Management Inc. bought a new position in shares of BWX Technologies in the 4th quarter valued at $40,000. 94.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other BWX Technologies news, SVP Omar Fathi Meguid sold 2,261 shares of BWX Technologies 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $106,956.00. Following the transaction, the director owned 5,579 shares of the company's stock, valued at $994,512.54. This trade represents a 9.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,953 shares of company stock worth $5,359,758 over the last 90 days. Company insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Maxim Group reiterated a "hold" rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Truist Financial set a $145.00 price objective on BWX Technologies and gave the company a "hold" rating in a report on Tuesday, August 5th. Bank of America increased their price objective on BWX Technologies from $155.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. William Blair restated an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $150.00 price objective (up from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, BWX Technologies has an average rating of "Moderate Buy" and an average price target of $154.51.

BWX Technologies Trading Up 0.3%

BWX Technologies stock traded up $0.4940 during trading hours on Monday, reaching $163.5840. 684,847 shares of the company's stock were exchanged, compared to its average volume of 1,131,083. The company has a quick ratio of 1.60, a current ratio of 1.69 and a debt-to-equity ratio of 1.28. The firm's 50 day simple moving average is $151.64 and its 200 day simple moving average is $123.40. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $189.25. The firm has a market capitalization of $14.95 billion, a PE ratio of 51.18, a PEG ratio of 3.69 and a beta of 0.73.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.23. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The firm had revenue of $764.00 million during the quarter, compared to the consensus estimate of $708.00 million. During the same period last year, the business posted $0.82 EPS. The business's revenue was up 12.1% compared to the same quarter last year. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Research analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Monday, August 18th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, August 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. 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.