Moors & Cabot Inc. Purchases New Position in BWX Technologies, Inc. $BWXT

Moors & Cabot Inc. purchased a new stake in BWX Technologies, Inc. (NYSE:BWXT) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,743 shares of the technology company’s stock, valued at approximately $251,000.

Other hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in shares of BWX Technologies by 3.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 252,887 shares of the technology company’s stock worth $24,947,000 after acquiring an additional 7,255 shares in the last quarter. State of Michigan Retirement System raised its position in BWX Technologies by 0.9% in the 1st quarter. State of Michigan Retirement System now owns 21,900 shares of the technology company’s stock valued at $2,160,000 after purchasing an additional 200 shares during the last quarter. Xponance Inc. boosted its stake in BWX Technologies by 1.4% in the first quarter. Xponance Inc. now owns 12,176 shares of the technology company’s stock worth $1,201,000 after purchasing an additional 168 shares in the last quarter. Stephens Inc. AR grew its holdings in shares of BWX Technologies by 5.2% during the first quarter. Stephens Inc. AR now owns 17,394 shares of the technology company’s stock worth $1,716,000 after purchasing an additional 864 shares during the last quarter. Finally, Stephens Investment Management Group LLC increased its stake in shares of BWX Technologies by 16.5% in the first quarter. Stephens Investment Management Group LLC now owns 523,722 shares of the technology company’s stock valued at $51,665,000 after buying an additional 74,366 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Trading Down 0.3%

BWXT opened at $193.42 on Monday. The firm has a 50 day simple moving average of $187.37 and a 200 day simple moving average of $155.77. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $218.50. The company has a market cap of $17.68 billion, a price-to-earnings ratio of 60.44, a price-to-earnings-growth ratio of 4.24 and a beta of 0.78. 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 (NYSE:BWXT) last released its earnings results on Monday, November 3rd. The technology company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.15. The firm had revenue of $866.29 million during the quarter, compared to analyst estimates of $795.48 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The business’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 EPS. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. On average, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors 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 currently 30.03%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of BWX Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Maxim Group reiterated a “hold” rating on shares of BWX Technologies in a research report on Wednesday, August 6th. 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. William Blair reaffirmed an “outperform” rating on shares of BWX Technologies in a report on Wednesday, September 17th. Finally, BTIG Research increased 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. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, BWX Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.62.

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.