AGF Management Ltd. Takes $5.56 Million Position in BWX Technologies, Inc. $BWXT

AGF Management Ltd. acquired a new position in shares of BWX Technologies, Inc. (NYSE:BWXT) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 38,564 shares of the technology company’s stock, valued at approximately $5,556,000.

A number of other institutional investors also recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its stake in BWX Technologies by 3.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 252,887 shares of the technology company’s stock valued at $24,947,000 after purchasing an additional 7,255 shares during the last quarter. State of Michigan Retirement System grew its stake in shares of BWX Technologies by 0.9% in the 1st quarter. State of Michigan Retirement System now owns 21,900 shares of the technology company’s stock valued at $2,160,000 after buying an additional 200 shares during the period. Xponance Inc. increased its stake in BWX Technologies by 1.4% during the 1st quarter. Xponance Inc. now owns 12,176 shares of the technology company’s stock valued at $1,201,000 after purchasing an additional 168 shares in the last quarter. Stephens Inc. AR raised its stake in shares of BWX Technologies by 5.2% in the first quarter. Stephens Inc. AR now owns 17,394 shares of the technology company’s stock worth $1,716,000 after purchasing an additional 864 shares during the last quarter. Finally, Stephens Investment Management Group LLC lifted its position in shares of BWX Technologies by 16.5% during the first quarter. Stephens Investment Management Group LLC now owns 523,722 shares of the technology company’s stock valued at $51,665,000 after purchasing an additional 74,366 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on BWXT. Maxim Group reaffirmed a “hold” rating on shares of BWX Technologies in a research report on Wednesday, August 6th. Wedbush reiterated an “outperform” rating on shares of BWX Technologies in a report on Wednesday, October 1st. Northland Capmk upgraded BWX Technologies to a “strong-buy” rating in a research report on Tuesday, September 9th. Truist Financial lifted their price target on shares of BWX Technologies from $173.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, November 4th. Finally, BTIG Research increased their price objective on BWX Technologies from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Friday. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $179.62.

BWX Technologies Stock Down 0.3%

Shares of BWXT stock opened at $193.42 on Monday. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28. The company has a 50 day simple moving average of $187.37 and a two-hundred day simple moving average of $155.77. The stock has a market cap of $17.68 billion, a P/E ratio of 60.44, a P/E/G ratio of 4.24 and a beta of 0.78. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $218.50.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, November 3rd. The technology company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.15. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The firm had revenue of $866.29 million for the quarter, compared to analysts’ expectations of $795.48 million. During the same period in the previous year, the firm earned $0.83 EPS. The business’s quarterly revenue was up 28.9% on a year-over-year basis. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. On average, research analysts expect 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 will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. BWX Technologies’s dividend payout ratio is currently 30.03%.

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.