The Manufacturers Life Insurance Company Takes $9.69 Million Position in BWX Technologies, Inc. $BWXT

Key Points

• The Manufacturers Life Insurance Company acquired 49,769 BWX Technologies shares worth approximately $9.69 million, while institutional investors collectively own 94.39% of the company.
• BWXT exceeded quarterly earnings expectations, reporting $1.07 in EPS versus a $1.04 consensus estimate, with revenue rising 18% year over year to $901.62 million. The company maintained fiscal 2026 EPS guidance of $4.70–$4.80.
• Analyst sentiment remains moderately bullish, with an average price target of $224.20, although some firms recently downgraded the stock or reduced their targets. BWXT also announced a quarterly dividend of $0.27 per share, yielding about 0.7%.

The Manufacturers Life Insurance Company purchased a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 49,769 shares of the technology company's stock, valued at approximately $9,688,000. The Manufacturers Life Insurance Company owned 0.05% of BWX Technologies at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of BWXT. Goldman Sachs Group Inc. grew its position in BWX Technologies by 0.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 141,680 shares of the technology company's stock valued at $13,977,000 after buying an additional 371 shares during the last quarter. Caxton Associates LLP purchased a new position in BWX Technologies in the first quarter valued at about $304,000. Flow Traders U.S. LLC acquired a new position in BWX Technologies during the second quarter worth $404,000. NewEdge Advisors LLC raised its stake in shares of BWX Technologies by 670.0% during the 2nd quarter. NewEdge Advisors LLC now owns 7,030 shares of the technology company's stock worth $1,013,000 after buying an additional 6,117 shares during the last quarter. Finally, Sei Investments Co. raised its position in BWX Technologies by 44.9% during the second quarter. Sei Investments Co. now owns 256,969 shares of the technology company's stock worth $37,018,000 after acquiring an additional 79,646 shares during the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at BWX Technologies

In other news, CEO Rex D. Geveden sold 10,000 shares of the firm's stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $172.50, for a total transaction of $1,725,000.00. Following the transaction, the chief executive officer directly owned 192,491 shares of the company's stock, valued at approximately $33,204,697.50. This trade represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.60% of the company's stock.

BWX Technologies Stock Performance

Shares of NYSE BWXT opened at $153.12 on Friday. BWX Technologies, Inc. has a 52-week low of $147.74 and a 52-week high of $241.82. The stock has a market capitalization of $14.03 billion, a P/E ratio of 39.67, a P/E/G ratio of 2.39 and a beta of 0.76. The company has a quick ratio of 2.33, a current ratio of 2.40 and a debt-to-equity ratio of 1.51. The firm's 50-day moving average price is $175.83 and its two-hundred day moving average price is $195.80.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The technology company reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.03. The firm had revenue of $901.62 million during the quarter, compared to the consensus estimate of $902.41 million. BWX Technologies had a return on equity of 30.83% and a net margin of 10.11%.The firm's revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.02 EPS. BWX Technologies has set its FY 2026 guidance at 4.700-4.800 EPS. As a group, sell-side analysts forecast that BWX Technologies, Inc. will post 4.75 earnings per share for the current year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Tuesday, August 18th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, August 18th. BWX Technologies's dividend payout ratio (DPR) is currently 27.98%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BWXT. Truist Financial reduced their price objective on BWX Technologies from $212.00 to $202.00 and set a "hold" rating on the stock in a research report on Friday, August 14th. Seaport Research Partners upgraded shares of BWX Technologies from a "neutral" rating to a "buy" rating and set a $245.00 price target on the stock in a report on Monday, June 22nd. Wall Street Zen downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Weiss Ratings lowered BWX Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday. Finally, Wells Fargo & Company upgraded shares of BWX Technologies from an "underweight" rating to an "equal weight" rating and cut their price objective for the stock from $200.00 to $170.00 in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $224.20.

BWX Technologies Company Profile

BWX Technologies, Inc NYSE: BWXT is a specialized supplier of nuclear components and services, primarily serving the U.S. government and commercial markets. The company's core expertise lies in the design, fabrication and servicing of nuclear propulsion systems for the U.S. Navy, where it supports the maintenance and overhaul of naval nuclear reactors. In addition to defense applications, BWXT develops small modular reactors (SMRs), nuclear fuel and related technologies for non‐defense power generation, offering scalable solutions to meet evolving energy and industrial demands.

Beyond propulsion and power systems, BWXT is a leading producer of medical radioisotopes used in diagnostic imaging and cancer treatment.

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