BWX Technologies (NYSE:BWXT) Reaches New 1-Year Low - Here's What Happened

Key Points

• BWX Technologies fell to a new 52-week low of $131.60, well below its 50-day and 200-day moving averages of $151.57 and $182.37, respectively.
• Despite the stock’s decline, analysts maintain a consensus “Moderate Buy” rating with an average price target of $205.00, while recent targets range from $170 to $245.
• The company reported quarterly EPS of $1.07, exceeding estimates, and revenue rose 18% year over year to $901.62 million. BWX also paid a quarterly dividend of $0.27 per share, representing a 0.8% annualized yield.

Shares of BWX Technologies, Inc. (NYSE:BWXT - Get Free Report) hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $131.60 and last traded at $133.6740, with a volume of 173,266 shares changing hands. The stock had previously closed at $134.44.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. BTIG Research reiterated a "buy" rating and set a $235.00 target price on shares of BWX Technologies in a research report on Wednesday, September 30th. Wells Fargo & Company upgraded shares of BWX Technologies from an "underweight" rating to an "equal weight" rating and cut their price target for the stock from $200.00 to $170.00 in a research note on Thursday, August 27th. Seaport Research Partners raised BWX Technologies from a "neutral" rating to a "buy" rating and set a $245.00 price objective on the stock in a report on Monday, June 22nd. JPMorgan Chase & Co. dropped their target price on BWX Technologies from $230.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday. Finally, Weiss Ratings cut BWX Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $205.00.

BWX Technologies Stock Up 1.0%

The stock has a market capitalization of $12.45 billion, a P/E ratio of 35.19, a P/E/G ratio of 2.12 and a beta of 0.74. The company has a current ratio of 2.40, a quick ratio of 2.33 and a debt-to-equity ratio of 1.51. The firm's fifty day moving average is $151.57 and its 200-day moving average is $182.37.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The technology company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.03. The firm had revenue of $901.62 million for the quarter, compared to analysts' expectations of $902.41 million. BWX Technologies had a net margin of 10.11% and a return on equity of 30.83%. The company's quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.02 earnings per share. BWX Technologies has set its FY 2026 guidance at 4.700-4.800 EPS. As a group, equities research analysts predict that BWX Technologies, Inc. will post 4.75 earnings per share for the current year.

BWX Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, August 18th were paid a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $1.08 dividend on an annualized basis and a yield of 0.8%. BWX Technologies's payout ratio is currently 27.98%.

Insider Activity at BWX Technologies

In other news, CEO Rex D. Geveden sold 10,000 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $172.50, for a total transaction of $1,725,000.00. Following the sale, the chief executive officer owned 192,491 shares in the company, valued at approximately $33,204,697.50. This represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in BWX Technologies in the 2nd quarter valued at $2,359,895,000. Blair William & Co. IL boosted its stake in BWX Technologies by 20.9% in the 4th quarter. Blair William & Co. IL now owns 1,439,666 shares of the technology company's stock worth $248,832,000 after purchasing an additional 248,598 shares during the period. First Trust Advisors LP boosted its stake in BWX Technologies by 12.2% in the 1st quarter. First Trust Advisors LP now owns 1,391,079 shares of the technology company's stock worth $284,462,000 after purchasing an additional 151,580 shares during the period. Bank of New York Mellon Corp boosted its stake in BWX Technologies by 8.4% in the 1st quarter. Bank of New York Mellon Corp now owns 1,283,997 shares of the technology company's stock worth $262,565,000 after purchasing an additional 99,053 shares during the period. Finally, Bank of America Corp DE bought a new position in BWX Technologies during the 2nd quarter worth about $202,020,000. 94.39% of the stock is currently owned by institutional investors.

About BWX Technologies

BWX Technologies, Inc NYSE: BWXT is a provider of nuclear components, systems and services for government and commercial customers. The company is best known for designing and manufacturing nuclear reactors and related components for the U.S. Navy's nuclear-powered aircraft carriers and submarines. It also supports the nuclear fuel cycle and provides engineering, manufacturing, maintenance and technical services for nuclear facilities.

BWXT serves the U.S. government, commercial nuclear power producers, research institutions and customers in the healthcare and space industries.

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