Strs Ohio Makes New Investment in BWX Technologies, Inc. $BWXT

Strs Ohio acquired a new position in shares of BWX Technologies, Inc. (NYSE:BWXT) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 31,100 shares of the technology company’s stock, valued at approximately $3,068,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Intrua Financial LLC boosted its holdings in shares of BWX Technologies by 3.9% in the 1st quarter. Intrua Financial LLC now owns 2,625 shares of the technology company’s stock valued at $259,000 after buying an additional 99 shares during the period. Geneos Wealth Management Inc. raised its position in shares of BWX Technologies by 33.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,517 shares of the technology company’s stock worth $150,000 after buying an additional 382 shares in the last quarter. Intech Investment Management LLC raised its position in shares of BWX Technologies by 270.8% during the 1st quarter. Intech Investment Management LLC now owns 48,298 shares of the technology company’s stock worth $4,765,000 after buying an additional 35,273 shares in the last quarter. Bayforest Capital Ltd raised its holdings in shares of BWX Technologies by 641.3% in the 1st quarter. Bayforest Capital Ltd now owns 3,877 shares of the technology company’s stock worth $382,000 after purchasing an additional 3,354 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of BWX Technologies by 2.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 326,414 shares of the technology company’s stock worth $32,201,000 after purchasing an additional 6,959 shares in the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

BWX Technologies Trading Up 3.6%

Shares of BWXT stock opened at $174.33 on Tuesday. The stock has a market cap of $15.93 billion, a price-to-earnings ratio of 54.48, a P/E/G ratio of 3.81 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. The firm has a fifty day moving average of $158.87 and a 200-day moving average of $129.89. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $189.25.

BWX Technologies (NYSE:BWXT) 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. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The business had revenue of $764.00 million during the quarter, compared to analysts’ expectations of $708.00 million. During the same quarter last year, the company posted $0.82 EPS. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, equities research analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BWXT shares. Wall Street Zen downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Bank of America boosted their price objective on shares of BWX Technologies from $155.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Maxim Group reissued a “hold” rating on shares of BWX Technologies in a research report on Wednesday, August 6th. William Blair reissued an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, June 18th. Finally, CLSA restated an “outperform” rating and issued a $177.60 price objective (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $160.83.

Insider Buying and Selling at BWX Technologies

In other news, SVP Omar Fathi Meguid sold 2,261 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $179.84, for a total value of $406,618.24. Following the transaction, the senior vice president owned 2,361 shares of the company’s stock, valued at approximately $424,602.24. This trade represents a 48.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leland D. Melvin sold 600 shares of the firm’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $178.26, for a total transaction of $106,956.00. Following the completion of the transaction, the director directly owned 5,579 shares in the company, valued at $994,512.54. This trade represents a 9.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,953 shares of company stock worth $5,359,758 over the last quarter. Company insiders own 0.47% of the company’s stock.

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.