Russell Investments Group Ltd. Has $8.98 Million Holdings in BWX Technologies, Inc. $BWXT

Key Points

• Russell Investments Group Ltd. increased its holdings in BWX Technologies by 28.8% in Q1, owning 91,034 shares worth approximately $8.98 million at quarter's end.
• Institutional investors now own 94.39% of BWX Technologies, indicating strong confidence in the company's operations.
• BWX Technologies reported quarterly earnings of $1.02 EPS, surpassing estimates by $0.23, and announced a dividend of $0.25 per share to be paid on September 5th.

Russell Investments Group Ltd. raised its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 28.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,034 shares of the technology company's stock after acquiring an additional 20,348 shares during the quarter. Russell Investments Group Ltd. owned about 0.10% of BWX Technologies worth $8,981,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Stone House Investment Management LLC bought a new position in shares of BWX Technologies in the first quarter worth about $31,000. Ameriflex Group Inc. bought a new position in BWX Technologies in the 4th quarter worth approximately $34,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of BWX Technologies by 200.0% during the first 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 boosted its position in shares of BWX Technologies by 34.5% in the first 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 period. Finally, Vermillion Wealth Management Inc. bought a new stake in shares of BWX Technologies in the fourth quarter valued at approximately $40,000. Institutional investors own 94.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. William Blair reiterated an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. Wall Street Zen cut shares of BWX Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. CLSA reissued an "outperform" rating and set a $177.60 target price (up from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. Truist Financial set a $145.00 price target on BWX Technologies and gave the company a "hold" rating in a report on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $150.00 price objective (up previously from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $154.51.

BWX Technologies Trading Down 1.4%

Shares of BWXT opened at $171.11 on Tuesday. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28. The stock has a market cap of $15.64 billion, a PE ratio of 53.47, a PEG ratio of 3.93 and a beta of 0.73. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $189.25. The stock has a 50 day simple moving average of $149.35 and a 200-day simple moving average of $121.94.

BWX Technologies (NYSE:BWXT - Get Free Report) last released 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 firm had revenue of $764.00 million during the quarter, compared to analyst estimates of $708.00 million. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%. The business's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 earnings per share. On average, sell-side analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

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

Insider Activity

In other BWX Technologies news, SVP Omar Fathi Meguid sold 2,261 shares of BWX Technologies stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $179.84, for a total value 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $106,956.00. Following the completion of the transaction, the director directly owned 5,579 shares in the company, valued at approximately $994,512.54. This represents a 9.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,953 shares of company stock valued at $5,359,758 over the last three months. 0.47% of the stock is owned by corporate insiders.

About BWX Technologies

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.

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