Federated Hermes Inc. Buys 372,800 Shares of BWX Technologies, Inc. $BWXT

Federated Hermes Inc. grew its stake in BWX Technologies, Inc. (NYSE:BWXT) by 477.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 450,907 shares of the technology company’s stock after purchasing an additional 372,800 shares during the quarter. Federated Hermes Inc. owned approximately 0.49% of BWX Technologies worth $64,958,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. HHM Wealth Advisors LLC raised its holdings in BWX Technologies by 17.9% in the 2nd quarter. HHM Wealth Advisors LLC now owns 460 shares of the technology company’s stock valued at $66,000 after acquiring an additional 70 shares during the period. JT Stratford LLC grew its position in shares of BWX Technologies by 2.5% in the second quarter. JT Stratford LLC now owns 2,927 shares of the technology company’s stock valued at $422,000 after purchasing an additional 72 shares during the last quarter. Intrua Financial LLC increased its stake in shares of BWX Technologies by 3.9% during the first quarter. Intrua Financial LLC now owns 2,625 shares of the technology company’s stock worth $259,000 after purchasing an additional 99 shares during the period. Oakworth Capital Inc. lifted its holdings in BWX Technologies by 10.0% during the 2nd quarter. Oakworth Capital Inc. now owns 1,105 shares of the technology company’s stock worth $159,000 after purchasing an additional 100 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in BWX Technologies by 0.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 25,700 shares of the technology company’s stock valued at $3,702,000 after purchasing an additional 100 shares during the period. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Trading Down 0.2%

BWXT opened at $177.98 on Monday. The stock has a market capitalization of $16.27 billion, a price-to-earnings ratio of 53.45, a P/E/G ratio of 3.49 and a beta of 0.86. The company has a quick ratio of 1.62, a current ratio of 1.71 and a debt-to-equity ratio of 1.21. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $218.50. The company has a 50-day simple moving average of $191.25 and a 200 day simple moving average of $165.71.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, November 3rd. The technology company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.85 by $0.15. BWX Technologies had a net margin of 10.04% and a return on equity of 30.70%. The company had revenue of $866.29 million during the quarter, compared to analysts’ expectations of $795.48 million. During the same period in the previous year, the company earned $0.83 EPS. The business’s revenue for the quarter was up 28.9% compared to the same quarter last year. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. Analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 19th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 19th. This represents a $1.00 annualized dividend and a yield of 0.6%. BWX Technologies’s dividend payout ratio is presently 30.03%.

Insiders Place Their Bets

In other BWX Technologies news, CEO Rex D. Geveden sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $197.90, for a total value of $1,979,000.00. Following the sale, the chief executive officer owned 187,594 shares of the company’s stock, valued at approximately $37,124,852.60. This trade represents a 5.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.47% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft set a $180.00 price objective on BWX Technologies and gave the company a “hold” rating in a report on Wednesday, October 8th. Northland Securities set a $225.00 price target on shares of BWX Technologies in a research report on Tuesday, November 4th. William Blair reiterated an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, September 17th. Zacks Research lowered shares of BWX Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Finally, Truist Financial raised their target price on shares of BWX Technologies from $173.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, November 4th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, BWX Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $184.83.

About BWX Technologies

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.