BWX Technologies, Inc. (NYSE:BWXT) Shares Bought by US Bancorp DE

Key Points

• US Bancorp DE increased its holdings in BWX Technologies by 20.1%, now owning a total of 12,352 shares valued at approximately $1.22 million.
• Wall Street analysts have issued mixed ratings for BWX Technologies, with a consensus rating of "Moderate Buy" and an average price target of $142.37.
• In the latest quarterly earnings report, BWX Technologies reported earnings of $1.02 per share, exceeding estimates by $0.23, and announced a quarterly dividend of $0.25 to be paid on September 5th.

US Bancorp DE boosted its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 20.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,352 shares of the technology company's stock after acquiring an additional 2,071 shares during the period. US Bancorp DE's holdings in BWX Technologies were worth $1,219,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Ameriflex Group Inc. acquired a new position in shares of BWX Technologies in the fourth quarter valued at approximately $34,000. MassMutual Private Wealth & Trust FSB grew its holdings in BWX Technologies by 200.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock worth $35,000 after buying an additional 236 shares in the last quarter. HHM Wealth Advisors LLC grew its holdings in BWX Technologies by 34.5% during the first quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock worth $38,000 after buying an additional 100 shares in the last quarter. Vermillion Wealth Management Inc. bought a new stake in BWX Technologies during the fourth quarter worth $40,000. Finally, Farther Finance Advisors LLC grew its stake in BWX Technologies by 109.6% in the 1st quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock valued at $46,000 after purchasing an additional 240 shares during the period. Institutional investors own 94.39% of the company's stock.

BWX Technologies Price Performance

NYSE BWXT traded down $4.61 during trading hours on Wednesday, reaching $174.90. The company's stock had a trading volume of 523,075 shares, compared to its average volume of 1,119,408. 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 company's 50-day moving average is $145.83 and its two-hundred day moving average is $120.17. The firm has a market capitalization of $15.99 billion, a price-to-earnings ratio of 54.70, a P/E/G ratio of 4.16 and a beta of 0.73. 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 posted its quarterly earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.23. The business had revenue of $764.00 million during the quarter, compared to analyst estimates of $708.00 million. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%. The business's revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.82 earnings per share. On average, equities analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BWXT shares. Truist Financial set a $145.00 target price on BWX Technologies and gave the stock a "hold" rating in a research report on Tuesday, August 5th. William Blair restated an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. Maxim Group reiterated a "hold" rating on shares of BWX Technologies in a research report on Wednesday, August 6th. Wall Street Zen cut BWX Technologies from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, CLSA reiterated an "outperform" rating and set a $177.60 target price (up previously from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $142.37.

Insider Transactions at BWX Technologies

In related news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the firm's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $177.43, for a total transaction of $371,183.56. Following the transaction, the senior vice president owned 10,149 shares of the company's stock, valued at $1,800,737.07. This trade represents a 17.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Rex D. Geveden sold 25,000 shares of the firm'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 directly 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. In the last ninety days, insiders sold 29,953 shares of company stock worth $5,359,758. 0.47% of the stock is owned by company insiders.

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.