ZWJ Investment Counsel Inc. Grows Stock Position in BWX Technologies, Inc. $BWXT

ZWJ Investment Counsel Inc. grew its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 0.4% during the second quarter, Holdings Channel reports. The institutional investor owned 508,822 shares of the technology company’s stock after purchasing an additional 2,259 shares during the quarter. BWX Technologies comprises 2.7% of ZWJ Investment Counsel Inc.’s portfolio, making the stock its 7th biggest holding. ZWJ Investment Counsel Inc.’s holdings in BWX Technologies were worth $73,301,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BWXT. Vontobel Holding Ltd. bought a new stake in shares of BWX Technologies in the first quarter worth about $383,000. Synergy Asset Management LLC purchased a new position in shares of BWX Technologies during the first quarter valued at approximately $296,000. Clear Creek Financial Management LLC purchased a new position in shares of BWX Technologies during the first quarter valued at approximately $223,000. Artemis Investment Management LLP purchased a new position in shares of BWX Technologies during the first quarter valued at approximately $19,331,000. Finally, PNC Financial Services Group Inc. raised its holdings in BWX Technologies by 52.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,460 shares of the technology company’s stock worth $1,131,000 after acquiring an additional 3,950 shares during the last quarter. 94.39% of the stock is owned by institutional investors.

BWX Technologies Stock Up 0.6%

Shares of NYSE BWXT opened at $186.82 on Friday. The firm’s 50-day moving average price is $169.73 and its 200-day moving average price is $137.18. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $17.08 billion, a price-to-earnings ratio of 58.38, a P/E/G ratio of 4.21 and a beta of 0.78. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $190.01.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.23. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The company had revenue of $764.00 million for the quarter, compared to analyst estimates of $708.00 million. During the same period in the prior year, the company posted $0.82 EPS. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. On average, equities research analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 18th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, August 18th. BWX Technologies’s dividend payout ratio is 31.25%.

Insider Activity at BWX Technologies

In other BWX Technologies news, Director Leland D. Melvin sold 600 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $178.26, for a total value of $106,956.00. Following the transaction, the director directly owned 5,579 shares in the company, valued at $994,512.54. This represents a 9.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Omar Fathi Meguid sold 2,261 shares of the company’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $179.84, for a total transaction of $406,618.24. Following the completion of the transaction, the senior vice president owned 2,361 shares in the company, valued at $424,602.24. This represents a 48.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,953 shares of company stock valued at $5,359,758 over the last 90 days. 0.47% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BWXT. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $150.00 price objective (up from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. Wall Street Zen downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. William Blair reissued an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, September 17th. Maxim Group reaffirmed a “hold” rating on shares of BWX Technologies in a report on Wednesday, August 6th. Finally, Wedbush reaffirmed an “outperform” rating on shares of BWX Technologies in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, BWX Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $160.83.

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.