BWX Technologies, Inc. (NYSE:BWXT) Holdings Raised by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in BWX Technologies by 2.1% in Q1 2023, now owning 9,404,287 shares, valued at approximately $927.7 million.
• BWX Technologies reported an EPS of $1.02 for the latest quarter, exceeding estimates, with revenues of $764 million, up 12.1% year-over-year.
• The company has declared a quarterly dividend of $0.25, with an annual yield of 0.6%, set to be paid on September 5th to shareholders recorded by August 18th.

Vanguard Group Inc. raised its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 2.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 9,404,287 shares of the technology company's stock after purchasing an additional 192,363 shares during the period. Vanguard Group Inc. owned 10.29% of BWX Technologies worth $927,733,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Westwood Holdings Group Inc. increased its position in shares of BWX Technologies by 279.0% in the 1st quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company's stock worth $94,562,000 after purchasing an additional 705,648 shares during the last quarter. Blair William & Co. IL grew its position in BWX Technologies by 84.3% in the 1st quarter. Blair William & Co. IL now owns 782,991 shares of the technology company's stock worth $77,242,000 after purchasing an additional 358,170 shares during the last quarter. L & S Advisors Inc grew its position in BWX Technologies by 4.1% in the 1st quarter. L & S Advisors Inc now owns 27,817 shares of the technology company's stock worth $2,744,000 after purchasing an additional 1,098 shares during the last quarter. Bank of Nova Scotia bought a new position in BWX Technologies in the 1st quarter worth about $1,232,000. Finally, Klein Pavlis & Peasley Financial Inc. grew its position in BWX Technologies by 8.2% in the 1st quarter. Klein Pavlis & Peasley Financial Inc. now owns 9,854 shares of the technology company's stock worth $990,000 after purchasing an additional 750 shares during the last quarter. Institutional investors own 94.39% of the company's stock.

Insider Activity

In other BWX Technologies news, SVP Omar Fathi Meguid sold 2,261 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $179.84, for a total value of $406,618.24. Following the completion of the sale, the senior vice president owned 2,361 shares in the company, valued at $424,602.24. This represents a 48.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leland D. Melvin sold 600 shares of the stock in a transaction that occurred 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 completion of the sale, the director owned 5,579 shares of the company's stock, valued at approximately $994,512.54. The trade was a 9.71% 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 in the last quarter. Insiders own 0.47% of the company's stock.

BWX Technologies Price Performance

BWXT stock traded down $2.10 on Thursday, hitting $174.66. 837,715 shares of the company's stock traded hands, compared to its average volume of 1,124,378. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $189.25. The stock has a market cap of $15.96 billion, a price-to-earnings ratio of 54.58, a P/E/G ratio of 4.26 and a beta of 0.73. The stock has a fifty day moving average of $146.79 and a 200-day moving average of $120.56. 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 (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, beating the consensus estimate of $0.79 by $0.23. The business had revenue of $764.00 million during the quarter, compared to the consensus estimate of $708.00 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The firm's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 EPS. On average, analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Bank of America upped their price target on shares of BWX Technologies from $155.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday. Maxim Group reaffirmed a "hold" rating on shares of BWX Technologies in a research note on Wednesday, August 6th. CLSA reaffirmed an "outperform" rating and issued a $177.60 price target (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Wall Street Zen lowered shares of BWX Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Truist Financial set a $145.00 target price on shares of BWX Technologies and gave the company a "hold" rating in a research note on Tuesday, August 5th. One analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $154.51.

About BWX Technologies

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.