United Services Automobile Association Takes $600,000 Position in BWX Technologies, Inc. $BWXT

Key Points

• United Services Automobile Association acquired a new stake in BWX Technologies worth approximately $600,000 by purchasing 6,046 shares.
• The company recently reported earnings of $1.02 per share, surpassing expectations, with quarterly revenue showing a 12.1% increase year-over-year.
• Insider trading activity includes notable sales by CEO Rex D. Geveden, who sold 25,000 shares, leading to an 11.23% decrease in his ownership stake.

United Services Automobile Association purchased a new stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 6,046 shares of the technology company's stock, valued at approximately $600,000.

Several other hedge funds also recently made changes to their positions in the business. Caxton Associates LLP bought a new position in shares of BWX Technologies during the first quarter worth approximately $304,000. Voleon Capital Management LP bought a new position in shares of BWX Technologies during the first quarter worth approximately $2,985,000. Everstar Asset Management LLC bought a new position in shares of BWX Technologies during the first quarter worth approximately $3,425,000. Goldman Sachs Group Inc. increased its holdings in shares of BWX Technologies by 0.3% during the first quarter. Goldman Sachs Group Inc. now owns 141,680 shares of the technology company's stock worth $13,977,000 after purchasing an additional 371 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of BWX Technologies during the first quarter worth approximately $319,000. 94.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on BWXT shares. Wall Street Zen lowered shares of BWX Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. William Blair reiterated an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. CLSA reiterated an "outperform" rating and set a $177.60 price target (up previously from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. Northland Securities started coverage on shares of BWX Technologies in a research report on Wednesday. They set an "outperform" rating and a $205.00 price target on the stock. Finally, Maxim Group reiterated a "hold" rating on shares of BWX Technologies in a research report on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $160.83.

Insider Activity

In related news, CEO Rex D. Geveden sold 25,000 shares of BWX Technologies stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $179.00, for a total transaction 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 $35,369,326. This trade represents a 11.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $106,956.00. Following the transaction, the director directly owned 5,579 shares of the company's stock, valued at $994,512.54. This represents a 9.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,953 shares of company stock worth $5,359,758 over the last ninety days. Corporate insiders own 0.47% of the company's stock.

BWX Technologies Trading Down 0.9%

Shares of NYSE:BWXT traded down $1.56 during mid-day trading on Friday, reaching $168.54. 688,838 shares of the company's stock were exchanged, compared to its average volume of 1,055,831. The firm has a market capitalization of $15.40 billion, a price-to-earnings ratio of 52.67, a PEG ratio of 3.85 and a beta of 0.75. The business's fifty day moving average price is $158.26 and its 200-day moving average price is $129.20. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $189.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly 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. The company had revenue of $764.00 million for the quarter, compared to analyst estimates of $708.00 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. BWX Technologies's revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, research analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

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

BWX Technologies Company 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.