Penserra Capital Management LLC Makes New Investment in BWX Technologies, Inc. $BWXT

Penserra Capital Management LLC purchased a new stake in BWX Technologies, Inc. (NYSE:BWXT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,620 shares of the technology company’s stock, valued at approximately $233,000.

Other hedge funds have also modified their holdings of the company. Creative Financial Designs Inc. ADV increased 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 valued at $25,000 after purchasing an additional 125 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of BWX Technologies by 861.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 202 shares of the technology company’s stock valued at $29,000 after buying an additional 181 shares during the period. Stone House Investment Management LLC acquired a new position in shares of BWX Technologies in the 1st quarter valued at $31,000. Compass Financial Services Inc bought a new stake in shares of BWX Technologies in the 1st quarter valued at $33,000. Finally, HHM Wealth Advisors LLC raised its stake in BWX Technologies by 34.5% during the 1st quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company’s stock worth $38,000 after buying an additional 100 shares during the period. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Stock Up 0.7%

Shares of BWX Technologies stock opened at $197.00 on Thursday. The firm has a market cap of $18.01 billion, a PE ratio of 61.56, a P/E/G ratio of 4.24 and a beta of 0.78. The business’s 50 day simple moving average is $189.55 and its 200 day simple moving average is $157.30. 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 52-week low of $84.21 and a 52-week high of $218.50.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, November 3rd. The technology company reported $1.00 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $795.48 million. During the same period last year, the business 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, analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have issued reports on BWXT shares. Northland Securities set a $225.00 target price on BWX Technologies in a research note on Tuesday, November 4th. BTIG Research boosted their price objective on BWX Technologies from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, November 7th. William Blair reissued an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, September 17th. Deutsche Bank Aktiengesellschaft set a $180.00 price target on shares of BWX Technologies and gave the company a “hold” rating in a research note on Wednesday, October 8th. Finally, Maxim Group reissued a “hold” rating on shares of BWX Technologies in a research report on Wednesday, August 6th. 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $183.58.

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.