Silvant Capital Management LLC Acquires New Shares in BWX Technologies, Inc. $BWXT

Key Points

• Silvant Capital Management acquired 33,773 BWX Technologies shares during the second quarter, valued at approximately $6.6 million. Institutional investors collectively own 94.39% of the company.
• BWXT shares opened at $156.71, down 3.4%, and remain well below their 52-week high of $241.82. Despite the decline, analysts maintain a “Moderate Buy” consensus with an average price target of $227.20.
• The company exceeded quarterly earnings expectations, reporting $1.07 in EPS and $901.62 million in revenue, up 18% year over year. BWXT also declared a quarterly dividend of $0.27 per share, representing a 0.7% annualized yield.

Silvant Capital Management LLC acquired a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 33,773 shares of the technology company's stock, valued at approximately $6,574,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. MV Capital Management Inc. bought a new stake in shares of BWX Technologies in the fourth quarter worth about $32,000. WFA of San Diego LLC bought a new position in shares of BWX Technologies during the 2nd quarter valued at about $29,000. Tucker Asset Management LLC bought a new position in shares of BWX Technologies during the 4th quarter valued at about $36,000. Vermillion Wealth Management Inc. grew its position in shares of BWX Technologies by 71.7% in the 4th quarter. Vermillion Wealth Management Inc. now owns 237 shares of the technology company's stock valued at $41,000 after purchasing an additional 99 shares during the period. Finally, Smithfield Trust Co grew its position in shares of 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 period. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Stock Down 3.4%

Shares of BWX Technologies stock opened at $156.71 on Friday. The firm has a market cap of $14.36 billion, a PE ratio of 40.60, a P/E/G ratio of 2.54 and a beta of 0.76. The business's 50 day simple moving average is $181.44 and its 200 day simple moving average is $197.69. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.33 and a current ratio of 2.40. BWX Technologies, Inc. has a 52-week low of $154.59 and a 52-week high of $241.82.

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

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Tuesday, August 18th will be given a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.08 dividend on an annualized basis and a yield of 0.7%. BWX Technologies's dividend payout ratio (DPR) is 27.98%.

Analyst Upgrades and Downgrades

Several brokerages have commented on BWXT. Zacks Research downgraded shares of BWX Technologies from a "strong-buy" rating to a "hold" rating in a report on Monday, May 11th. BTIG Research reiterated a "buy" rating and issued a $235.00 price target on shares of BWX Technologies in a report on Tuesday, August 4th. Truist Financial lowered their price objective on shares of BWX Technologies from $212.00 to $202.00 and set a "hold" rating for the company in a research report on Friday, August 14th. Seaport Research Partners upgraded shares of BWX Technologies from a "neutral" rating to a "buy" rating and set a $245.00 price objective on the stock in a report on Monday, June 22nd. Finally, JPMorgan Chase & Co. initiated coverage on shares of BWX Technologies in a research report on Monday, July 27th. They issued an "overweight" rating and a $230.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $227.20.

Insider Transactions at BWX Technologies

In other BWX Technologies news, CEO Rex D. Geveden sold 10,000 shares of BWX Technologies stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $172.50, for a total value of $1,725,000.00. Following the sale, the chief executive officer directly owned 192,491 shares in the company, valued at approximately $33,204,697.50. The trade was a 4.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company's stock.

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.

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