Steward Partners Investment Advisory LLC Raises Stock Position in BWX Technologies, Inc. $BWXT

Key Points

• Steward Partners Investment Advisory LLC increased its stake in BWX Technologies, Inc. by 10.6%, holding a total of 45,649 shares valued at approximately $4.5 million after purchasing 4,382 additional shares.
• BWX Technologies reported earnings of $1.02 per share for the most recent quarter, exceeding expectations, with revenues of $764 million, a 12.1% year-on-year increase.
• The company recently announced a $0.25 quarterly dividend, which will be paid to stockholders, representing an annualized yield of 0.6%.

Steward Partners Investment Advisory LLC raised its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 10.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,649 shares of the technology company's stock after acquiring an additional 4,382 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in BWX Technologies were worth $4,503,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BWXT. Stone House Investment Management LLC acquired a new stake in BWX Technologies in the first quarter valued at $31,000. Ameriflex Group Inc. acquired a new stake in shares of BWX Technologies during the 4th quarter worth about $34,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of BWX Technologies by 200.0% during 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 stake 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 worth $38,000 after buying an additional 100 shares during the last quarter. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of BWX Technologies during the 4th quarter worth about $40,000. Institutional investors and hedge funds own 94.39% of the company's stock.

Analyst Ratings Changes

BWXT has been the subject of several analyst reports. Wall Street Zen cut shares of BWX Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Truist Financial set a $145.00 price objective on shares of BWX Technologies and gave the stock a "hold" rating in a research note on Tuesday, August 5th. Bank of America lifted their price objective on shares of BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. William Blair restated an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. Finally, Maxim Group restated a "hold" rating on shares of BWX Technologies in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, BWX Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.51.

BWX Technologies Trading Down 1.3%

BWXT traded down $2.2030 during trading on Friday, reaching $163.1370. 1,277,712 shares of the company's stock were exchanged, compared to its average volume of 1,405,280. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $189.25. 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 capitalization of $14.91 billion, a PE ratio of 50.98, a price-to-earnings-growth ratio of 3.69 and a beta of 0.73. The firm has a fifty day moving average price of $151.64 and a two-hundred day moving average price of $123.32.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The technology company reported $1.02 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.23. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The company had revenue of $764.00 million for the quarter, compared to analyst estimates of $708.00 million. During the same period in the prior year, the firm posted $0.82 EPS. The company's quarterly revenue was up 12.1% on a year-over-year basis. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. As a group, equities research analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Monday, August 18th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.00 annualized dividend and a yield of 0.6%. BWX Technologies's dividend payout ratio is currently 31.25%.

Insider Activity at BWX Technologies

In other BWX Technologies news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the firm's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $177.43, for a total value of $371,183.56. Following the transaction, the senior vice president directly owned 10,149 shares of the company's stock, valued at approximately $1,800,737.07. This trade represents a 17.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rex D. Geveden sold 25,000 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $179.00, for a total transaction of $4,475,000.00. Following the completion of the sale, the chief executive officer owned 197,594 shares of the company's stock, valued at approximately $35,369,326. This represents a 11.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,953 shares of company stock valued at $5,359,758 in the last ninety days. Insiders own 0.47% of the company's stock.

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.