Stratos Wealth Partners LTD. Takes Position in BWX Technologies, Inc. $BWXT

Key Points

• Stratos Wealth Partners LTD. has acquired a new stake in BWX Technologies, buying 1,507 shares valued at approximately $217,000 in the 2nd quarter.
• Analysts have set an average target price of $168.08 for BWX Technologies, with ratings ranging from Strong Buy to Hold, reflecting positive market sentiment.
• BWX Technologies has announced a quarterly dividend of $0.25 per share, contributing to an annualized yield of 0.5% and a payout ratio of 31.25%.

Stratos Wealth Partners LTD. bought a new stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,507 shares of the technology company's stock, valued at approximately $217,000.

Other institutional investors also recently modified their holdings of the company. Vontobel Holding Ltd. bought a new position in shares of BWX Technologies in the first quarter valued at approximately $383,000. Clear Creek Financial Management LLC bought a new position in shares of BWX Technologies in the first quarter valued at approximately $223,000. Sequoia Financial Advisors LLC grew its holdings in shares of BWX Technologies by 7.1% in the second quarter. Sequoia Financial Advisors LLC now owns 46,409 shares of the technology company's stock valued at $6,686,000 after acquiring an additional 3,087 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of 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 valued at $1,131,000 after acquiring an additional 3,950 shares in the last quarter. Finally, Compass Wealth Management LLC grew its holdings in shares of BWX Technologies by 13.9% in the first quarter. Compass Wealth Management LLC now owns 31,435 shares of the technology company's stock valued at $3,101,000 after acquiring an additional 3,830 shares in the last quarter. 94.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Northland Securities assumed coverage on BWX Technologies in a report on Wednesday, September 10th. They issued an "outperform" rating and a $205.00 target price for the company. William Blair reiterated an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, September 17th. Zacks Research upgraded BWX Technologies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft set a $180.00 price objective on BWX Technologies and gave the company a "hold" rating in a research note on Wednesday, October 8th. Finally, Truist Financial upped their price objective on BWX Technologies from $145.00 to $173.00 and gave the company a "hold" rating in a research note on Wednesday, October 15th. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $168.08.

BWX Technologies Trading Up 1.6%

NYSE:BWXT opened at $203.08 on Friday. The company has a market cap of $18.56 billion, a P/E ratio of 63.46, a P/E/G ratio of 4.04 and a beta of 0.78. The stock's fifty day moving average price is $179.30 and its two-hundred day moving average price is $147.95. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $214.72. 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 (NYSE:BWXT - Get Free Report) last posted its earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share (EPS) 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 the consensus estimate 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 prior year, the business posted $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. As a group, analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

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

Insider Activity

In other news, CEO Rex D. Geveden sold 25,000 shares of the company's stock in a transaction 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the company's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $177.43, for a total transaction of $371,183.56. Following the completion of the transaction, the senior vice president directly owned 10,149 shares in the company, valued at approximately $1,800,737.07. The trade was a 17.09% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 29,953 shares of company stock worth $5,359,758. Company insiders own 0.47% of the company's stock.

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.

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