BNP Paribas upgraded shares of BWX Technologies (NYSE:BWXT – Free Report) to a hold rating in a research note issued to investors on Thursday morning,Zacks.com reports.
Several other research firms have also recently issued reports on BWXT. Wall Street Zen upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Northland Securities set a $225.00 price objective on BWX Technologies in a research report on Tuesday, November 4th. CJS Securities upgraded BWX Technologies to a “strong-buy” rating in a research report on Friday, December 12th. Zacks Research lowered BWX Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Finally, William Blair reiterated an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, September 17th. Three analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $200.96.
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BWX Technologies Price Performance
BWX Technologies (NYSE:BWXT – Get Free Report) last released its quarterly earnings data on Monday, November 3rd. The technology company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.15. BWX Technologies had a return on equity of 30.70% and a net margin of 10.04%.The company had revenue of $866.29 million for the quarter, compared to analyst estimates of $795.48 million. During the same period in the previous year, the company posted $0.83 EPS. The firm’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. As a group, equities research analysts forecast that BWX Technologies will post 3.23 EPS for the current year.
BWX Technologies Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 19th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $1.00 annualized dividend and a yield of 0.5%. BWX Technologies’s payout ratio is 30.03%.
Insider Activity
In other news, CEO Rex D. Geveden sold 10,000 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $197.90, for a total transaction of $1,979,000.00. Following the transaction, the chief executive officer directly owned 187,594 shares in the company, valued at approximately $37,124,852.60. This represents a 5.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.47% of the company’s stock.
Institutional Trading of BWX Technologies
Hedge funds and other institutional investors have recently bought and sold shares of the company. Aventura Private Wealth LLC purchased a new position in shares of BWX Technologies during the fourth quarter worth approximately $29,000. Strategic Advocates LLC purchased a new position in BWX Technologies in the 3rd quarter worth $32,000. Creative Financial Designs Inc. ADV lifted its stake in BWX Technologies by 250.0% in the second quarter. Creative Financial Designs Inc. ADV now owns 175 shares of the technology company’s stock worth $25,000 after purchasing an additional 125 shares during the last quarter. Global Trust Asset Management LLC purchased a new stake in BWX Technologies during the third quarter valued at about $32,000. Finally, Strategic Investment Solutions Inc. IL increased its holdings in shares of BWX Technologies by 300.0% in the third quarter. Strategic Investment Solutions Inc. IL now owns 200 shares of the technology company’s stock worth $37,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 94.39% of the company’s stock.
About BWX Technologies
BWX Technologies, Inc (NYSE: BWXT) is a specialized supplier of nuclear components and services, primarily serving the U.S. government and commercial markets. The company’s core expertise lies in the design, fabrication and servicing of nuclear propulsion systems for the U.S. Navy, where it supports the maintenance and overhaul of naval nuclear reactors. In addition to defense applications, BWXT develops small modular reactors (SMRs), nuclear fuel and related technologies for non‐defense power generation, offering scalable solutions to meet evolving energy and industrial demands.
Beyond propulsion and power systems, BWXT is a leading producer of medical radioisotopes used in diagnostic imaging and cancer treatment.
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