Strs Ohio Invests $3.07 Million in BWX Technologies, Inc. $BWXT

Key Points

• Strs Ohio has made a new investment in BWX Technologies, acquiring 31,100 shares valued at approximately $3,068,000 during the first quarter.
• BWX Technologies reported $1.02 EPS for the last quarter, surpassing analysts' consensus estimates of $0.79, and has provided FY 2025 guidance of 3.650-3.750 EPS.
• The company's recent quarterly dividend of $0.25 per share signifies an annual yield of 0.6%, with a dividend payout ratio of 31.25%.

Strs Ohio acquired a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 31,100 shares of the technology company's stock, valued at approximately $3,068,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BWXT. Vontobel Holding Ltd. acquired a new position in BWX Technologies in the first quarter valued at approximately $383,000. Synergy Asset Management LLC acquired a new position in BWX Technologies in the first quarter valued at approximately $296,000. Clear Creek Financial Management LLC purchased a new stake in BWX Technologies in the first quarter valued at approximately $223,000. Artemis Investment Management LLP purchased a new stake in BWX Technologies in the first quarter valued at approximately $19,331,000. Finally, PNC Financial Services Group Inc. lifted its stake 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 valued at $1,131,000 after buying an additional 3,950 shares during the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Leland D. Melvin sold 600 shares of the firm's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $178.26, for a total transaction of $106,956.00. Following the sale, the director directly owned 5,579 shares in the company, valued at approximately $994,512.54. This trade represents a 9.71% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Omar Fathi Meguid sold 2,261 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $179.84, for a total value of $406,618.24. Following the sale, the senior vice president owned 2,361 shares in the company, valued at approximately $424,602.24. The trade was a 48.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,953 shares of company stock valued at $5,359,758. Corporate insiders own 0.47% of the company's stock.

BWX Technologies Trading Up 0.3%

Shares of BWX Technologies stock traded up $0.48 during trading hours on Friday, reaching $174.51. The stock had a trading volume of 2,476,862 shares, compared to its average volume of 1,041,001. The firm has a 50 day simple moving average of $161.77 and a two-hundred day simple moving average of $131.48. The firm has a market capitalization of $15.95 billion, a price-to-earnings ratio of 54.53, a P/E/G ratio of 3.94 and a beta of 0.75. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $189.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The technology company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.23. The company 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 company's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the business posted $0.82 EPS. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. As a group, equities research analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. CLSA reiterated an "outperform" rating and issued a $177.60 price objective (up previously from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Truist Financial set a $145.00 price objective on BWX Technologies and gave the company a "hold" rating in a research note on Tuesday, August 5th. Bank of America upped their price target on 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 note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $150.00 price target (up previously from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. Two 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 given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $160.83.

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.