Strategic Planning Group LLC Increases Stake in BWX Technologies, Inc. $BWXT

Key Points

• Strategic Planning Group LLC has increased its position in BWX Technologies by 6.3%, now holding 33,320 shares valued at approximately $4.80 million.
• BWX Technologies reported better-than-expected earnings of $1.02 per share for the last quarter, surpassing analysts’ estimates of $0.79.
• The company also declared a quarterly dividend of $0.25 per share, leading to an annualized dividend yield of 0.6%, with a payout ratio of 31.25%.

Strategic Planning Group LLC raised its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 6.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 33,320 shares of the technology company's stock after buying an additional 1,985 shares during the quarter. Strategic Planning Group LLC's holdings in BWX Technologies were worth $4,800,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vontobel Holding Ltd. acquired a new position in BWX Technologies in the first quarter worth $383,000. Synergy Asset Management LLC bought a new stake in BWX Technologies in the 1st quarter valued at $296,000. Clear Creek Financial Management LLC acquired a new position in shares of BWX Technologies during the 1st quarter worth $223,000. Artemis Investment Management LLP acquired a new stake in shares of BWX Technologies in the first quarter valued at about $19,331,000. Finally, PNC Financial Services Group Inc. boosted its holdings in BWX Technologies by 52.6% in the first quarter. PNC Financial Services Group Inc. now owns 11,460 shares of the technology company's stock worth $1,131,000 after acquiring an additional 3,950 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

BWX Technologies Stock Up 2.2%

BWXT traded up $3.84 during trading on Monday, reaching $178.34. The company had a trading volume of 1,045,148 shares, compared to its average volume of 1,100,955. The company has a market cap of $16.30 billion, a P/E ratio of 55.73, a PEG ratio of 3.95 and a beta of 0.75. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $189.25. The business's fifty day moving average price is $162.57 and its 200 day moving average price is $132.45.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its earnings results on Monday, August 4th. The technology company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.23. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The company had revenue of $764.00 million for the quarter, compared to analysts' expectations of $708.00 million. During the same period in the previous year, the business posted $0.82 EPS. The business's revenue for the quarter was up 12.1% compared to the same quarter last year. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Equities analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Monday, August 18th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. BWX Technologies's dividend payout ratio (DPR) is presently 31.25%.

Analyst Upgrades and Downgrades

BWXT has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $150.00 target price (up from $119.00) on shares of BWX Technologies in a research report on Tuesday, July 8th. CLSA reissued an "outperform" rating and set a $177.60 price target (up from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. Wall Street Zen lowered BWX Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Truist Financial set a $145.00 price objective on BWX Technologies and gave the stock a "hold" rating in a research note on Tuesday, August 5th. Finally, 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 for the company. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, BWX Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $160.83.

Insider Activity

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