BWX Technologies, Inc. $BWXT Shares Acquired by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. has increased its stake in BWX Technologies by 19.7%, holding approximately 4.93% of the company, valued at about $444.29 million as of the latest SEC filing.
• BWX Technologies reported a Q2 EPS of $1.02, exceeding analysts' expectations of $0.79, with revenue reaching $764 million, a 12.1% year-over-year increase.
• The company declared a quarterly dividend of $0.25, resulting in an annualized dividend of $1.00 and a dividend yield of 0.6%.

T. Rowe Price Investment Management Inc. increased its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 19.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,503,679 shares of the technology company's stock after acquiring an additional 741,282 shares during the period. T. Rowe Price Investment Management Inc. owned about 4.93% of BWX Technologies worth $444,288,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BWXT. Stone House Investment Management LLC acquired a new stake in BWX Technologies in the first quarter valued at approximately $31,000. Ameriflex Group Inc. purchased a new stake in shares of BWX Technologies in the 4th quarter valued at approximately $34,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of BWX Technologies by 200.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock valued at $35,000 after buying an additional 236 shares during the period. HHM Wealth Advisors LLC raised its holdings in shares of BWX Technologies by 34.5% in the 1st quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock valued at $38,000 after buying an additional 100 shares during the period. Finally, Vermillion Wealth Management Inc. purchased a new stake in BWX Technologies during the 4th quarter worth about $40,000. 94.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BWXT shares. CLSA reaffirmed an "outperform" rating and set a $177.60 price objective (up from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. Wall Street Zen downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Bank of America lifted their price objective on BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $150.00 price objective (up from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. Finally, Truist Financial set a $145.00 price objective on BWX Technologies and gave the stock a "hold" rating in a report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, BWX Technologies presently has an average rating of "Moderate Buy" and an average price target of $154.51.

Insider Transactions at BWX Technologies

In related news, Director Leland D. Melvin sold 600 shares of BWX Technologies stock in a transaction on Monday, August 11th. The stock was sold at an average price of $178.26, for a total value of $106,956.00. Following the transaction, the director owned 5,579 shares in the company, valued at approximately $994,512.54. This trade represents a 9.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rex D. Geveden sold 25,000 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was 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 in the company, 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 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 insiders.

BWX Technologies Price Performance

BWX Technologies stock traded down $2.2030 during mid-day trading on Friday, hitting $163.1370. 1,277,712 shares of the company were exchanged, compared to its average volume of 1,405,280. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. The business's 50 day simple moving average is $151.64 and its two-hundred day simple moving average is $123.25. The company has a market capitalization of $14.91 billion, a P/E ratio of 50.98, a PEG ratio of 3.75 and a beta of 0.73. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $189.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.23. The company had revenue of $764.00 million during 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%.BWX Technologies's revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

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

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.