BWX Technologies, Inc. $BWXT Stake Increased by RPG Investment Advisory LLC

Key Points

• RPG Investment Advisory LLC increased its holdings in BWX Technologies by 3,417.9%, acquiring an additional 301,460 shares, which now makes up approximately 2.2% of its portfolio.
• BWX Technologies reported a 12.1% year-over-year revenue growth for the quarter, with earnings per share (EPS) of $1.02, exceeding estimates by $0.23.
• The company announced a quarterly dividend of $0.25 per share, reflecting a 0.6% yield, with a dividend payout ratio of 31.25%.

RPG Investment Advisory LLC raised its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 3,417.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 310,280 shares of the technology company's stock after acquiring an additional 301,460 shares during the quarter. BWX Technologies makes up 2.2% of RPG Investment Advisory LLC's portfolio, making the stock its 18th biggest position. RPG Investment Advisory LLC owned 0.34% of BWX Technologies worth $30,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of BWXT. Stone House Investment Management LLC bought a new position in shares of BWX Technologies in the 1st quarter worth about $31,000. Ameriflex Group Inc. bought a new position in shares of BWX Technologies in the 4th quarter worth about $34,000. MassMutual Private Wealth & Trust FSB lifted its position 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 worth $35,000 after buying an additional 236 shares during the last quarter. HHM Wealth Advisors LLC lifted its position 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 worth $38,000 after buying 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 worth about $40,000. 94.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP Omar Fathi Meguid sold 2,261 shares of the firm's stock in a transaction on 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 of the company's stock, valued at $424,602.24. This trade represents a 48.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the firm's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $177.43, for a total value of $371,183.56. Following the sale, the senior vice president directly owned 10,149 shares of the company's stock, valued at approximately $1,800,737.07. This represents a 17.09% decrease in their ownership of the stock. 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 quarter. 0.47% of the stock is currently owned by insiders.

BWX Technologies Price Performance

Shares of BWXT stock traded down $0.26 during midday trading on Monday, reaching $162.83. 1,073,651 shares of the company were exchanged, compared to its average volume of 1,133,679. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $189.25. The company has a market cap of $14.88 billion, a P/E ratio of 50.88, a PEG ratio of 3.69 and a beta of 0.73. The company's 50 day moving average price is $151.64 and its two-hundred day moving average price is $123.40. 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 released its quarterly earnings results on Monday, August 4th. The technology company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.23. The company had revenue of $764.00 million for the quarter, compared to the consensus estimate of $708.00 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. BWX Technologies's revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 EPS. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, sell-side analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

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 issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. BWX Technologies's dividend payout ratio is currently 31.25%.

Wall Street Analyst Weigh In

BWXT has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Deutsche Bank Aktiengesellschaft reissued 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 lifted their price target on BWX Technologies from $155.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. 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. Finally, Maxim Group reissued a "hold" rating on shares of BWX Technologies in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.