Renaissance Technologies LLC Buys New Stake in BWX Technologies, Inc. $BWXT

Key Points

• Renaissance Technologies initiated a BWX Technologies position of 11,600 shares worth approximately $2.37 million during the first quarter. Institutional investors collectively own 94.39% of the company.
• BWX Technologies reported quarterly EPS of $1.07, beating estimates of $1.04, while revenue rose 18% year over year to $901.62 million. The company reaffirmed fiscal 2026 EPS guidance of $4.70–$4.80.
• The company declared a quarterly dividend of $0.27 per share, equivalent to a 0.6% annualized yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $228.20.

Renaissance Technologies LLC bought a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 11,600 shares of the technology company's stock, valued at approximately $2,372,000.

Several other hedge funds also recently bought and sold shares of the stock. MV Capital Management Inc. purchased a new stake in shares of BWX Technologies in the fourth quarter valued at $32,000. WFA of San Diego LLC acquired a new stake in shares of BWX Technologies during the second quarter valued at $29,000. Tucker Asset Management LLC purchased a new stake in BWX Technologies during the 4th quarter worth about $36,000. Vermillion Wealth Management Inc. increased its position in BWX Technologies by 71.7% during the 4th quarter. Vermillion Wealth Management Inc. now owns 237 shares of the technology company's stock worth $41,000 after purchasing an additional 99 shares in the last quarter. Finally, Smithfield Trust Co raised its stake in BWX Technologies by 52.1% in the 4th quarter. Smithfield Trust Co now owns 251 shares of the technology company's stock valued at $44,000 after purchasing an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

BWX Technologies Price Performance

BWXT opened at $169.17 on Tuesday. The company has a quick ratio of 2.33, a current ratio of 2.40 and a debt-to-equity ratio of 1.51. BWX Technologies, Inc. has a 52-week low of $157.10 and a 52-week high of $241.82. The company has a 50 day moving average of $184.65 and a two-hundred day moving average of $200.03. The company has a market cap of $15.50 billion, a P/E ratio of 43.83, a P/E/G ratio of 2.66 and a beta of 0.76.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The technology company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.03. BWX Technologies had a net margin of 10.11% and a return on equity of 30.83%. The company had revenue of $901.62 million during the quarter, compared to analyst estimates of $902.41 million. During the same quarter in the prior year, the business earned $1.02 earnings per share. The business's quarterly revenue was up 18.0% compared to the same quarter last year. BWX Technologies has set its FY 2026 guidance at 4.700-4.800 EPS. On average, analysts expect that BWX Technologies, Inc. will post 4.75 earnings per share for the current year.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Tuesday, August 18th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, August 18th. BWX Technologies's payout ratio is currently 27.98%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Weiss Ratings lowered shares of BWX Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, July 29th. Wall Street Zen downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday. Seaport Research Partners raised shares of BWX Technologies from a "neutral" rating to a "buy" rating and set a $245.00 price objective for the company in a research report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft raised shares of BWX Technologies from a "hold" rating to a "buy" rating and upped their price objective for the company from $205.00 to $255.00 in a research note on Friday, May 15th. Finally, Truist Financial raised their target price on shares of BWX Technologies from $205.00 to $212.00 and gave the stock a "hold" rating in a research report on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $228.20.

About BWX Technologies

BWX Technologies, Inc NYSE: BWXT is a specialized supplier of nuclear components and services, primarily serving the U.S. government and commercial markets. The company's core expertise lies in the design, fabrication and servicing of nuclear propulsion systems for the U.S. Navy, where it supports the maintenance and overhaul of naval nuclear reactors. In addition to defense applications, BWXT develops small modular reactors (SMRs), nuclear fuel and related technologies for non‐defense power generation, offering scalable solutions to meet evolving energy and industrial demands.

Beyond propulsion and power systems, BWXT is a leading producer of medical radioisotopes used in diagnostic imaging and cancer treatment.

Want to see what other hedge funds are holding BWXT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BWX Technologies, Inc. (NYSE:BWXT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source