Voleon Capital Management LP Acquires Shares of 30,261 BWX Technologies, Inc. $BWXT

Key Points

• Voleon Capital Management LP has made a new investment of approximately $2.99 million in BWX Technologies, acquiring 30,261 shares during the first quarter.
• Several large investors, including Ameriprise Financial and BNP Paribas, have significantly increased their holdings in BWX Technologies, reflecting strong institutional interest as they now own 94.39% of the company's stock.
• BWX Technologies reported a 12.1% revenue increase year-over-year, beating analysts' expectations with $764 million in revenue for the last quarter and setting FY 2025 guidance at $3.650-3.750 EPS.

Voleon Capital Management LP purchased a new stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,261 shares of the technology company's stock, valued at approximately $2,985,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. acquired a new stake in BWX Technologies in the fourth quarter valued at $34,000. Stone House Investment Management LLC acquired a new stake in BWX Technologies in the first quarter valued at $31,000. MassMutual Private Wealth & Trust FSB raised its holdings in BWX Technologies by 200.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock valued at $35,000 after acquiring an additional 236 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new stake in BWX Technologies in the fourth quarter valued at $40,000. Finally, HHM Wealth Advisors LLC raised its holdings in BWX Technologies by 34.5% in the first quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock valued at $38,000 after acquiring an additional 100 shares in the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

BWX Technologies Stock Performance

Shares of BWX Technologies stock traded down $1.56 during trading on Friday, hitting $168.54. 688,838 shares of the stock were exchanged, compared to its average volume of 1,055,831. The stock's fifty day moving average is $158.26 and its 200 day moving average is $129.20. The stock has a market cap of $15.40 billion, a PE ratio of 52.67, a P/E/G ratio of 3.85 and a beta of 0.75. 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 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 EPS for the quarter, topping the consensus estimate 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 net margin of 10.28% and a return on equity of 30.61%. The company'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 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. As a group, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 18th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.00 annualized dividend and a yield of 0.6%. BWX Technologies's dividend payout ratio is presently 31.25%.

Insider Activity at BWX Technologies

In other BWX Technologies news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $177.43, for a total transaction of $371,183.56. Following the completion of the sale, the senior vice president directly owned 10,149 shares of the company's stock, valued at approximately $1,800,737.07. This represents a 17.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rex D. Geveden sold 25,000 shares of the company's stock in a transaction dated 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 sale, the chief executive officer directly owned 197,594 shares of the company's stock, valued at $35,369,326. This represents a 11.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,953 shares of company stock worth $5,359,758. 0.47% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on BWXT shares. Bank of America upped their price target on shares of BWX Technologies from $155.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Northland Securities started coverage on shares of BWX Technologies in a research note on Wednesday. They set an "outperform" rating and a $205.00 target price for the company. 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. Maxim Group reiterated a "hold" rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Finally, Northland Capmk upgraded shares of BWX Technologies to a "strong-buy" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $160.83.

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.