Fiera Capital Corp Lowers Stock Holdings in BWX Technologies, Inc. $BWXT

Fiera Capital Corp lowered its stake in BWX Technologies, Inc. (NYSE:BWXT) by 35.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 557,282 shares of the technology company’s stock after selling 310,030 shares during the period. Fiera Capital Corp owned approximately 0.61% of BWX Technologies worth $80,282,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey grew its position in BWX Technologies by 4.7% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 34,636 shares of the technology company’s stock valued at $4,990,000 after buying an additional 1,548 shares during the last quarter. denkapparat Operations GmbH acquired a new stake in shares of BWX Technologies in the 2nd quarter worth $253,000. SBI Securities Co. Ltd. lifted its stake in shares of BWX Technologies by 23.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 875 shares of the technology company’s stock worth $126,000 after acquiring an additional 165 shares during the period. Tiemann Investment Advisors LLC purchased a new stake in shares of BWX Technologies in the second quarter valued at about $234,000. Finally, Avalon Capital Management acquired a new position in shares of BWX Technologies during the second quarter worth about $246,000. 94.39% of the stock is owned by institutional investors and hedge funds.

BWX Technologies Price Performance

BWXT stock opened at $197.00 on Thursday. The stock’s 50 day moving average price is $189.55 and its 200 day moving average price is $157.30. The firm has a market cap of $18.01 billion, a P/E ratio of 61.56, a PEG ratio of 4.24 and a beta of 0.78. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $218.50.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, November 3rd. The technology company reported $1.00 earnings per share for the quarter, topping 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 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 firm posted $0.83 earnings per share. 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. On average, sell-side analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 19th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Wednesday, November 19th. BWX Technologies’s dividend payout ratio is 30.03%.

Analysts Set New Price Targets

A number of brokerages recently commented on BWXT. Truist Financial raised their price objective on shares of BWX Technologies from $173.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, November 4th. Bank of America raised their price target on BWX Technologies from $155.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. William Blair reaffirmed an “outperform” rating on shares of BWX Technologies in a report on Wednesday, September 17th. Zacks Research upgraded BWX Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of BWX Technologies and gave the stock a “hold” rating in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, BWX Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $183.58.

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.