ZWJ Investment Counsel Inc. Buys 2,259 Shares of BWX Technologies, Inc. $BWXT

Key Points

• ZWJ Investment Counsel Inc. increased its stake in BWX Technologies by 0.4%, purchasing an additional 2,259 shares, bringing its total ownership to 508,822 shares.
• Analysts have varying ratings for BWX Technologies, with a consensus rating of "Moderate Buy" and a target price of $160.83.
• The company reported earnings of $1.02 per share, exceeding expectations, and announced a quarterly dividend of $0.25 per share, reflecting a 0.5% yield.

ZWJ Investment Counsel Inc. boosted its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 0.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 508,822 shares of the technology company's stock after buying an additional 2,259 shares during the quarter. BWX Technologies makes up approximately 2.7% of ZWJ Investment Counsel Inc.'s portfolio, making the stock its 7th biggest position. ZWJ Investment Counsel Inc. owned 0.56% of BWX Technologies worth $73,301,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in BWX Technologies by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 9,404,287 shares of the technology company's stock worth $927,733,000 after buying an additional 192,363 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in BWX Technologies by 19.7% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,503,679 shares of the technology company's stock worth $444,288,000 after buying an additional 741,282 shares during the period. Dimensional Fund Advisors LP lifted its holdings in BWX Technologies by 11.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,211,624 shares of the technology company's stock worth $119,522,000 after buying an additional 128,791 shares during the period. Bessemer Group Inc. lifted its holdings in BWX Technologies by 1.6% during the 1st quarter. Bessemer Group Inc. now owns 1,038,223 shares of the technology company's stock worth $102,419,000 after buying an additional 16,262 shares during the period. Finally, Westwood Holdings Group Inc. lifted its holdings in BWX Technologies by 279.0% during the 1st quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company's stock worth $94,562,000 after buying an additional 705,648 shares during the period. 94.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BWXT has been the topic of several recent research reports. Wedbush reaffirmed an "outperform" rating on shares of BWX Technologies in a report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $150.00 price target (up from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. Maxim Group reaffirmed a "hold" rating on shares of BWX Technologies in a research note on Wednesday, August 6th. William Blair reissued an "outperform" rating on shares of BWX Technologies in a report on Wednesday, September 17th. Finally, Truist Financial set a $145.00 price objective on BWX Technologies and gave the stock a "hold" rating in a report on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $160.83.

BWX Technologies Price Performance

Shares of NYSE BWXT opened at $186.82 on Friday. The firm has a market cap of $17.08 billion, a price-to-earnings ratio of 58.38, a price-to-earnings-growth ratio of 4.21 and a beta of 0.78. The stock has a fifty day simple moving average of $169.73 and a two-hundred day simple moving average of $137.18. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $190.01. 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 posted its earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.23. The firm had revenue of $764.00 million for the quarter, compared to the consensus estimate of $708.00 million. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The business's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.82 earnings per share. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. Analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were given a dividend of $0.25 per share. The ex-dividend date was Monday, August 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. BWX Technologies's dividend payout ratio is currently 31.25%.

Insiders Place Their Bets

In related news, Director Leland D. Melvin sold 600 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $178.26, for a total value 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 filing with the SEC, which is accessible through the SEC website. Also, SVP Omar Fathi Meguid sold 2,261 shares of the stock in a transaction 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 transaction, the senior vice president directly owned 2,361 shares in the company, valued at approximately $424,602.24. This represents a 48.92% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,953 shares of company stock worth $5,359,758. 0.47% of the stock is currently owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.