6,924 Shares in BWX Technologies, Inc. $BWXT Acquired by Waratah Capital Advisors Ltd.

Waratah Capital Advisors Ltd. bought a new position in BWX Technologies, Inc. (NYSE:BWXT) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 6,924 shares of the technology company’s stock, valued at approximately $997,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. SBI Securities Co. Ltd. increased its position in BWX Technologies by 36.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 710 shares of the technology company’s stock valued at $70,000 after purchasing an additional 189 shares during the period. Allianz Asset Management GmbH bought a new stake in BWX Technologies during the 1st quarter valued at $486,000. Hazlett Burt & Watson Inc. raised its position in shares of BWX Technologies by 194.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 632 shares of the technology company’s stock worth $63,000 after acquiring an additional 417 shares in the last quarter. PFG Advisors increased its holdings in shares of BWX Technologies by 55.0% during the first quarter. PFG Advisors now owns 27,147 shares of the technology company’s stock valued at $2,678,000 after acquiring an additional 9,633 shares in the last quarter. Finally, Financial Sense Advisors Inc. increased its holdings in shares of BWX Technologies by 3.1% during the first quarter. Financial Sense Advisors Inc. now owns 13,600 shares of the technology company’s stock valued at $1,342,000 after acquiring an additional 413 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Stock Down 0.2%

Shares of NYSE BWXT opened at $177.57 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $218.50. The company has a market capitalization of $16.23 billion, a price-to-earnings ratio of 55.49, a price-to-earnings-growth ratio of 4.24 and a beta of 0.78. The business has a 50-day moving average of $190.10 and a two-hundred day moving average of $158.26.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings data 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 net margin of 10.28% and a return on equity of 30.61%. The company had revenue of $866.29 million for the quarter, compared to analysts’ expectations of $795.48 million. During the same quarter last year, the company earned $0.83 earnings per share. The firm’s revenue for the quarter 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, analysts forecast 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. Stockholders of record on Wednesday, November 19th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Wednesday, November 19th. BWX Technologies’s dividend payout ratio (DPR) is 30.03%.

Wall Street Analyst Weigh In

BWXT has been the topic of a number of recent analyst reports. Truist Financial upped their price target on shares of BWX Technologies from $173.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of BWX Technologies in a research report on Thursday. BTIG Research upped their price target on BWX Technologies from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, November 7th. William Blair restated an “outperform” rating on shares of BWX Technologies in a report on Wednesday, September 17th. Finally, Wedbush restated an “outperform” rating on shares of BWX Technologies in a report on Wednesday, October 1st. Three analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $184.83.

Insider Activity

In related news, CEO Rex D. Geveden sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $197.90, for a total value of $1,979,000.00. Following the completion of the sale, the chief executive officer owned 187,594 shares in the company, valued at $37,124,852.60. This trade represents a 5.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.47% of the stock is currently owned by company insiders.

BWX Technologies 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.