Resona Asset Management Co. Ltd. Takes Position in BWX Technologies, Inc. $BWXT

Resona Asset Management Co. Ltd. acquired a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,368 shares of the technology company’s stock, valued at approximately $340,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BWXT. Intrua Financial LLC grew its position in BWX Technologies by 3.9% in the 1st quarter. Intrua Financial LLC now owns 2,625 shares of the technology company’s stock worth $259,000 after purchasing an additional 99 shares during the period. HHM Wealth Advisors LLC lifted its holdings in shares of BWX Technologies by 34.5% during the 1st quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company’s stock valued at $38,000 after buying an additional 100 shares during the period. Oakworth Capital Inc. boosted its stake in shares of BWX Technologies by 10.0% in the 2nd quarter. Oakworth Capital Inc. now owns 1,105 shares of the technology company’s stock worth $159,000 after buying an additional 100 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of BWX Technologies by 0.4% in the second quarter. Louisiana State Employees Retirement System now owns 25,700 shares of the technology company’s stock worth $3,702,000 after acquiring an additional 100 shares during the period. Finally, State of Michigan Retirement System grew its holdings in shares of BWX Technologies by 0.5% in the second quarter. State of Michigan Retirement System now owns 22,000 shares of the technology company’s stock worth $3,169,000 after acquiring an additional 100 shares during the period. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Price Performance

Shares of NYSE:BWXT opened at $195.70 on Wednesday. The company has a market capitalization of $17.89 billion, a P/E ratio of 61.16, a P/E/G ratio of 4.24 and a beta of 0.78. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $218.50. The firm’s 50 day simple moving average is $188.82 and its two-hundred day simple moving average is $157.02. 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 announced its quarterly earnings data on Monday, November 3rd. The technology company reported $1.00 EPS for the quarter, beating 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 firm had revenue of $866.29 million for the quarter, compared to the consensus estimate of $795.48 million. During the same period last year, the firm earned $0.83 EPS. The company’s 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. Research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. BWX Technologies’s dividend payout ratio is 30.03%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BWXT shares. Weiss Ratings raised BWX Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Bank of America increased their price objective on shares of BWX Technologies from $155.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. BTIG Research raised their price objective on shares of BWX Technologies from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Northland Securities set a $225.00 target price on shares of BWX Technologies in a research report on Tuesday, November 4th. Finally, Zacks Research raised shares of BWX Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Three investment 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 company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.