Amanah Holdings Trust Takes $40.48 Million Position in BWX Technologies, Inc. $BWXT

Amanah Holdings Trust acquired a new stake in BWX Technologies, Inc. (NYSE:BWXT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 281,000 shares of the technology company’s stock, valued at approximately $40,481,000. BWX Technologies comprises 10.1% of Amanah Holdings Trust’s portfolio, making the stock its 3rd biggest position.

Other hedge funds have also made changes to their positions in the company. Ameriflex Group Inc. purchased a new position in shares of BWX Technologies in the 4th quarter valued at about $34,000. Stone House Investment Management LLC acquired a new stake in shares of BWX Technologies in the 1st quarter valued at about $31,000. Compass Financial Services Inc acquired a new stake in shares of BWX Technologies in the 1st quarter valued at about $33,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of BWX Technologies by 200.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company’s stock valued at $35,000 after purchasing an additional 236 shares during the period. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of BWX Technologies in the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Stock Down 0.9%

BWX Technologies stock opened at $168.54 on Monday. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $189.25. The stock has a 50 day moving average of $158.26 and a two-hundred day moving average of $129.39. 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 $15.40 billion, a price-to-earnings ratio of 52.67, a PEG ratio of 3.81 and a beta of 0.75.

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 return on equity of 30.61% and a net margin of 10.28%.The company had revenue of $764.00 million during the quarter, compared to analysts’ expectations of $708.00 million. During the same period last year, the firm earned $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. As a group, research analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Monday, August 18th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, August 18th. BWX Technologies’s dividend payout ratio (DPR) is currently 31.25%.

Analyst Upgrades and Downgrades

BWXT has been the subject of a number of research analyst reports. Bank of America upped their target price on BWX Technologies from $155.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Truist Financial set a $145.00 target price on BWX Technologies and gave the company a “hold” rating in a research report on Tuesday, August 5th. Northland Securities initiated coverage on BWX Technologies in a research report on Wednesday, September 10th. They issued an “outperform” rating and a $205.00 target price for the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $150.00 target price (up from $119.00) on shares of BWX Technologies in a research report on Tuesday, July 8th. Finally, Wall Street Zen cut BWX Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $160.83.

Insiders Place Their Bets

In other news, CEO Rex D. Geveden sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $179.00, for a total value of $4,475,000.00. Following the completion of the sale, the chief executive officer directly owned 197,594 shares of the company’s stock, valued at $35,369,326. This trade represents a 11.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leland D. Melvin sold 600 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $178.26, for a total value of $106,956.00. Following the completion of the sale, the director directly owned 5,579 shares of the company’s stock, valued at $994,512.54. This represents a 9.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,953 shares of company stock valued at $5,359,758 over the last 90 days. 0.47% of the stock is owned by corporate insiders.

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.