Employees Retirement System of Texas Invests $64,000 in BWX Technologies, Inc. $BWXT

Employees Retirement System of Texas purchased a new stake in BWX Technologies, Inc. (NYSE:BWXT) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 444 shares of the technology company’s stock, valued at approximately $64,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. HHM Wealth Advisors LLC increased its stake in shares of BWX Technologies by 17.9% in the 2nd quarter. HHM Wealth Advisors LLC now owns 460 shares of the technology company’s stock worth $66,000 after acquiring an additional 70 shares during the last quarter. Intrua Financial LLC grew its holdings in shares of BWX Technologies by 3.9% in the first quarter. Intrua Financial LLC now owns 2,625 shares of the technology company’s stock valued at $259,000 after purchasing an additional 99 shares during the period. Oakworth Capital Inc. increased its position in BWX Technologies by 10.0% during the second quarter. Oakworth Capital Inc. now owns 1,105 shares of the technology company’s stock worth $159,000 after purchasing an additional 100 shares during the last quarter. Louisiana State Employees Retirement System increased its position in BWX Technologies by 0.4% during the second quarter. Louisiana State Employees Retirement System now owns 25,700 shares of the technology company’s stock worth $3,702,000 after purchasing an additional 100 shares during the last quarter. Finally, State of Michigan Retirement System raised its stake in BWX Technologies by 0.5% during the second quarter. State of Michigan Retirement System now owns 22,000 shares of the technology company’s stock worth $3,169,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Stock Up 0.5%

NYSE:BWXT opened at $179.04 on Friday. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 week high of $218.50. The stock’s fifty day moving average is $191.36 and its two-hundred day moving average is $162.56. The stock has a market capitalization of $16.37 billion, a price-to-earnings ratio of 55.95, a price-to-earnings-growth ratio of 4.24 and a beta of 0.78. The company has a quick ratio of 1.60, a current ratio of 1.69 and a debt-to-equity ratio of 1.28.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, November 3rd. The technology company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.15. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The firm had revenue of $866.29 million for the quarter, compared to the consensus estimate of $795.48 million. During the same quarter in the previous year, the business earned $0.83 EPS. The company’s quarterly revenue was up 28.9% compared to the same quarter last year. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. Research analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, November 19th. BWX Technologies’s dividend payout ratio is currently 30.03%.

Insider Activity at BWX Technologies

In related news, CEO Rex D. Geveden sold 10,000 shares of BWX Technologies stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $197.90, for a total value of $1,979,000.00. Following the completion of the transaction, the chief executive officer owned 187,594 shares in the company, valued at approximately $37,124,852.60. The trade was a 5.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of BWX Technologies in a research note on Tuesday. Wall Street Zen upgraded BWX Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Maxim Group restated a “hold” rating on shares of BWX Technologies in a research report on Wednesday, August 6th. Northland Securities set a $225.00 price target on BWX Technologies in a research note on Tuesday, November 4th. Finally, William Blair reissued an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, September 17th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, BWX Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.83.

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.