BWX Technologies’ (BWXT) “Outperform” Rating Reaffirmed at Wedbush

Wedbush restated their outperform rating on shares of BWX Technologies (NYSE:BWXT) in a report released on Wednesday,RTT News reports.

Several other brokerages also recently commented on BWXT. Wall Street Zen downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Truist Financial set a $145.00 price target on shares of BWX Technologies and gave the company a “hold” rating in a report on Tuesday, August 5th. Northland Securities initiated coverage on shares of BWX Technologies in a report on Wednesday, September 10th. They issued an “outperform” rating and a $205.00 price target for the company. Maxim Group reissued a “hold” rating on shares of BWX Technologies in a report on Wednesday, August 6th. Finally, Bank of America raised 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. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and one has assigned 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 price target of $160.83.

BWX Technologies Stock Up 1.6%

BWXT opened at $187.28 on Wednesday. The company has a 50 day moving average of $168.11 and a 200 day moving average of $135.98. The company has a market cap of $17.12 billion, a PE ratio of 58.53, a price-to-earnings-growth ratio of 4.18 and a beta of 0.78. BWX Technologies has a 12 month low of $84.21 and a 12 month high of $189.25. 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) last released its quarterly earnings data 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 company had revenue of $764.00 million during the quarter, compared to the consensus estimate of $708.00 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. BWX Technologies’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period last year, the firm earned $0.82 EPS. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, sell-side analysts expect that BWX Technologies 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. Stockholders of record on Monday, August 18th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, August 18th. BWX Technologies’s payout ratio is currently 31.25%.

Insider Activity at BWX Technologies

In other news, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of BWX Technologies stock in a transaction on 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. The trade was a 17.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Leland D. Melvin sold 600 shares of BWX Technologies stock in a transaction on Monday, August 11th. The stock was sold at an average price of $178.26, for a total transaction of $106,956.00. Following the sale, the director directly owned 5,579 shares of the company’s stock, valued at $994,512.54. This represents a 9.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,953 shares of company stock valued at $5,359,758. 0.47% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BWX Technologies

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in BWX Technologies by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 9,404,287 shares of the technology company’s stock worth $927,733,000 after purchasing an additional 192,363 shares during the period. T. Rowe Price Investment Management Inc. raised its position in BWX Technologies by 19.7% in 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 purchasing an additional 741,282 shares during the period. Invesco Ltd. raised its position in BWX Technologies by 139.0% in the 2nd quarter. Invesco Ltd. now owns 1,592,380 shares of the technology company’s stock worth $229,398,000 after purchasing an additional 926,117 shares during the period. Valeo Financial Advisors LLC raised its position in BWX Technologies by 33,572.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,517,599 shares of the technology company’s stock worth $2,228,000 after purchasing an additional 1,513,092 shares during the period. Finally, William Blair Investment Management LLC raised its position in BWX Technologies by 523.2% in the 2nd quarter. William Blair Investment Management LLC now owns 1,517,356 shares of the technology company’s stock worth $218,590,000 after purchasing an additional 1,273,895 shares during the period. Hedge funds and other institutional investors own 94.39% 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.