SBI Okasan Asset Management Co.Ltd. Makes New $2.23 Million Investment in BWX Technologies, Inc. $BWXT

Key Points

• SBI Okasan Asset Management opened a new position in BWX Technologies, buying 12,680 shares worth about $2.23 million in the fourth quarter.
• BWX Technologies reported strong quarterly results, with EPS of $1.12 beating estimates and revenue of $860.22 million topping expectations; revenue rose 26.1% year over year.
• Analyst sentiment remains mostly positive, with the stock carrying an average rating of “Moderate Buy” and an average price target of $228, though some firms recently mixed in upgrades and downgrades.

SBI Okasan Asset Management Co.Ltd. bought a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 12,680 shares of the technology company's stock, valued at approximately $2,225,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BWXT. Aventura Private Wealth LLC purchased a new position in shares of BWX Technologies during the 4th quarter worth approximately $29,000. WFA of San Diego LLC purchased a new position in shares of BWX Technologies during the 2nd quarter worth approximately $29,000. Strategic Advocates LLC purchased a new position in shares of BWX Technologies during the 3rd quarter worth approximately $32,000. Tucker Asset Management LLC purchased a new position in shares of BWX Technologies during the 4th quarter worth approximately $36,000. Finally, Strategic Investment Solutions Inc. IL grew its holdings in shares of BWX Technologies by 300.0% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 200 shares of the technology company's stock worth $37,000 after acquiring an additional 150 shares during the period. Hedge funds and other institutional investors own 94.39% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on BWXT shares. Bank of America upped their target price on BWX Technologies from $230.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, March 25th. Zacks Research downgraded BWX Technologies from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 11th. Weiss Ratings restated a "buy (b-)" rating on shares of BWX Technologies in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft upgraded BWX Technologies from a "hold" rating to a "buy" rating and upped their price target for the stock from $205.00 to $255.00 in a research note on Friday, May 15th. Finally, Wells Fargo & Company started coverage on BWX Technologies in a research note on Wednesday, April 1st. They issued an "underweight" rating and a $200.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $228.00.

BWX Technologies Stock Performance

BWXT stock opened at $199.24 on Friday. The stock has a market capitalization of $18.25 billion, a PE ratio of 53.27, a price-to-earnings-growth ratio of 3.28 and a beta of 0.78. BWX Technologies, Inc. has a 12-month low of $123.12 and a 12-month high of $241.82. The company has a current ratio of 2.40, a quick ratio of 2.33 and a debt-to-equity ratio of 1.58. The stock's 50 day simple moving average is $213.25 and its 200 day simple moving average is $199.63.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings data on Monday, May 4th. The technology company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.20. The business had revenue of $860.22 million for the quarter, compared to analysts' expectations of $837.47 million. BWX Technologies had a return on equity of 31.33% and a net margin of 10.20%.The firm's quarterly revenue was up 26.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 EPS. BWX Technologies has set its FY 2026 guidance at 4.600-4.750 EPS. As a group, research analysts forecast that BWX Technologies, Inc. will post 4.71 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Tuesday, May 19th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, May 19th. BWX Technologies's dividend payout ratio is presently 28.88%.

Insider Activity

In other news, CAO Kevin James Gorman sold 1,344 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $214.71, for a total transaction of $288,570.24. Following the transaction, the chief accounting officer directly owned 114 shares of the company's stock, valued at $24,476.94. This represents a 92.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael Thomas Fitzgerald sold 2,417 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $209.25, for a total value of $505,757.25. Following the transaction, the chief financial officer directly owned 6,884 shares in the company, valued at $1,440,477. The trade was a 25.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 13,761 shares of company stock valued at $2,842,427 in the last ninety days. 0.60% of the stock is currently owned by company insiders.

BWX Technologies Company Profile

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.