BWX Technologies, Inc. $BWXT Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP reduced its stake in BWX Technologies by 75.6%, now holding approximately 0.52% of the company, which is worth about $46.74 million.
• BWX Technologies recently reported earnings of $1.02 per share, exceeding analyst expectations, with revenue of $764 million for the quarter.
• The company announced a quarterly dividend of $0.25 per share, providing a 0.6% dividend yield for shareholders.

Wellington Management Group LLP cut its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 75.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 473,796 shares of the technology company's stock after selling 1,464,507 shares during the period. Wellington Management Group LLP owned 0.52% of BWX Technologies worth $46,740,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BWXT. Vontobel Holding Ltd. purchased a new stake in BWX Technologies during the first quarter valued at approximately $383,000. Synergy Asset Management LLC purchased a new stake in BWX Technologies during the 1st quarter valued at $296,000. Clear Creek Financial Management LLC purchased a new stake in BWX Technologies during the 1st quarter valued at $223,000. Artemis Investment Management LLP purchased a new stake in BWX Technologies during the 1st quarter valued at $19,331,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in BWX Technologies by 343.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 33,063 shares of the technology company's stock valued at $3,262,000 after buying an additional 25,615 shares during the period. Hedge funds and other institutional investors own 94.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BWXT shares. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. CLSA reiterated an "outperform" rating and issued a $177.60 price target (up previously from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. Bank of America increased their price objective on BWX Technologies from $155.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $150.00 price target (up previously from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. Finally, Maxim Group reiterated a "hold" rating on shares of BWX Technologies in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $154.51.

BWX Technologies Stock Down 0.5%

BWXT stock traded down $0.76 during midday trading on Thursday, reaching $164.84. 393,359 shares of the company were exchanged, compared to its average volume of 1,129,149. 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 1-year low of $84.21 and a 1-year high of $189.25. The stock's 50-day simple moving average is $153.12 and its 200 day simple moving average is $124.32. The company has a market cap of $15.07 billion, a price-to-earnings ratio of 51.53, a price-to-earnings-growth ratio of 3.77 and a beta of 0.73.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.23. The business 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%. The company's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period last year, the firm posted $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, equities analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current 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 issued a $0.25 dividend. The ex-dividend date is Monday, August 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. BWX Technologies's dividend payout ratio is currently 31.25%.

Insider Transactions at BWX Technologies

In related news, Director Leland D. Melvin sold 600 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $178.26, for a total transaction of $106,956.00. Following the sale, the director owned 5,579 shares in the company, valued at approximately $994,512.54. This trade represents a 9.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Omar Fathi Meguid sold 2,261 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was 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 directly owned 2,361 shares in the company, valued at approximately $424,602.24. The trade was a 48.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,953 shares of company stock worth $5,359,758. 0.47% of the stock is currently owned by insiders.

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.