Sanders Morris Harris LLC Invests $209,000 in BWX Technologies, Inc. $BWXT

Key Points

• Sanders Morris Harris LLC invested $209,000 in BWX Technologies, Inc. by acquiring 1,450 shares in the 2nd quarter, reflecting growing institutional interest in the technology company.
• BWX Technologies reported a quarterly earnings per share of $1.02, exceeding analysts' expectations of $0.79, with revenue reaching $764 million, marking a 12.1% year-over-year increase.
• The company recently announced a quarterly dividend of $0.25 per share, yielding 0.5% annually, showing a sustainable payout ratio of 31.25% amidst solid financial performance.

Sanders Morris Harris LLC bought a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 1,450 shares of the technology company's stock, valued at approximately $209,000.

Several other institutional investors have also modified their holdings of BWXT. Stone House Investment Management LLC bought a new position in shares of BWX Technologies during the 1st quarter valued at about $31,000. Compass Financial Services Inc bought a new position in shares of BWX Technologies during the 1st quarter valued at about $33,000. HHM Wealth Advisors LLC lifted its holdings in shares of BWX Technologies by 34.5% during the 1st quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock valued at $38,000 after purchasing an additional 100 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of BWX Technologies by 109.6% during the 1st quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock valued at $46,000 after purchasing an additional 240 shares in the last quarter. Finally, National Bank of Canada FI lifted its holdings in shares of BWX Technologies by 369.7% during the 1st quarter. National Bank of Canada FI now owns 559 shares of the technology company's stock valued at $55,000 after purchasing an additional 440 shares in the last quarter. Institutional investors own 94.39% of the company's stock.

BWX Technologies Stock Up 2.4%

NYSE:BWXT opened at $208.05 on Tuesday. The firm has a market capitalization of $19.02 billion, a price-to-earnings ratio of 65.02, a price-to-earnings-growth ratio of 4.03 and a beta of 0.78. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $214.72. The stock's 50 day moving average price is $177.41 and its two-hundred day moving average price is $145.32. The company has a quick ratio of 1.60, a current ratio of 1.69 and a debt-to-equity ratio of 1.28.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly 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. The firm had revenue of $764.00 million for 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 quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 EPS. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Equities research analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 18th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. BWX Technologies's payout ratio is presently 31.25%.

Wall Street Analysts Forecast Growth

BWXT has been the topic of several recent analyst reports. Northland Securities initiated coverage on BWX Technologies in a report on Wednesday, September 10th. They set an "outperform" rating and a $205.00 price objective on the stock. Wedbush reiterated an "outperform" rating on shares of BWX Technologies in a report on Wednesday, October 1st. William Blair restated an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, September 17th. Weiss Ratings cut BWX Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, October 8th. Finally, Maxim Group restated a "hold" rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $168.08.

Insiders Place Their Bets

In related news, SVP Omar Fathi Meguid sold 2,261 shares of the business's stock in a transaction that occurred 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 transaction, the senior vice president directly owned 2,361 shares of the company's stock, valued at approximately $424,602.24. The trade was a 48.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leland D. Melvin sold 600 shares of the business's stock in a transaction that occurred 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 transaction, the director directly owned 5,579 shares in the company, valued at $994,512.54. The trade was a 9.71% decrease in their ownership of the stock. 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 90 days. 0.47% of the stock is owned by insiders.

BWX Technologies 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.

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