Principal Financial Group Inc. Cuts Holdings in BWX Technologies, Inc. $BWXT

Principal Financial Group Inc. cut its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 10.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 278,969 shares of the technology company’s stock after selling 34,223 shares during the quarter. Principal Financial Group Inc.’s holdings in BWX Technologies were worth $48,217,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BWXT. Alkeon Capital Management LLC boosted its holdings in BWX Technologies by 163.0% during the third quarter. Alkeon Capital Management LLC now owns 1,578,048 shares of the technology company’s stock worth $290,945,000 after purchasing an additional 978,000 shares during the last quarter. Invesco Ltd. boosted its holdings in BWX Technologies by 60.1% during the third quarter. Invesco Ltd. now owns 2,549,150 shares of the technology company’s stock worth $469,987,000 after purchasing an additional 956,770 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in BWX Technologies during the third quarter worth about $163,969,000. Select Equity Group L.P. purchased a new position in BWX Technologies in the second quarter valued at about $68,902,000. Finally, Orion Porfolio Solutions LLC boosted its stake in BWX Technologies by 1,353.1% in the second quarter. Orion Porfolio Solutions LLC now owns 363,757 shares of the technology company’s stock valued at $52,403,000 after acquiring an additional 338,723 shares during the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BWXT has been the topic of a number of research analyst reports. Zacks Research upgraded shares of BWX Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. Truist Financial upgraded shares of BWX Technologies to a “hold” rating in a research note on Friday, May 1st. BNP Paribas Exane initiated coverage on shares of BWX Technologies in a research note on Thursday, January 15th. They issued a “neutral” rating and a $215.00 target price on the stock. Bank of America boosted their target price on shares of BWX Technologies from $230.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, March 25th. Finally, Weiss Ratings upgraded shares of BWX Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 25th. Three analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $217.26.

BWX Technologies Stock Performance

Shares of BWXT stock opened at $205.14 on Friday. The stock has a market capitalization of $18.79 billion, a P/E ratio of 54.85, a PEG ratio of 3.46 and a beta of 0.78. The company has a current ratio of 2.40, a quick ratio of 2.25 and a debt-to-equity ratio of 1.58. The firm’s 50 day moving average is $212.84 and its 200 day moving average is $199.66. BWX Technologies, Inc. has a 12 month low of $105.07 and a 12 month high of $241.82.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, May 4th. The technology company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.20. The company had revenue of $860.22 million for the quarter, compared to analysts’ expectations of $837.47 million. BWX Technologies had a net margin of 10.20% and a return on equity of 31.33%. BWX Technologies’s revenue was up 26.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 EPS. BWX Technologies has set its FY 2026 guidance at 4.600-4.750 EPS. On average, sell-side analysts anticipate that BWX Technologies, Inc. will post 4.71 earnings per share for the current year.

BWX Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Tuesday, May 19th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Tuesday, May 19th. BWX Technologies’s dividend payout ratio is presently 28.88%.

Insider Activity at BWX Technologies

In related news, Director Gerhard F. Burbach sold 1,983 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $208.61, for a total transaction of $413,673.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Rex D. Geveden sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $203.26, for a total transaction of $2,032,600.00. Following the sale, the chief executive officer owned 177,594 shares in the company, valued at $36,097,756.44. The trade was a 5.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 13,327 shares of company stock worth $2,734,844. 0.60% of the stock is owned by corporate insiders.

BWX Technologies Profile

BWX Technologies, Inc (NYSE: BWXT) is a specialized supplier of nuclear components and services, primarily serving the U.S. government and commercial markets. The company’s core expertise lies in the design, fabrication and servicing of nuclear propulsion systems for the U.S. Navy, where it supports the maintenance and overhaul of naval nuclear reactors. In addition to defense applications, BWXT develops small modular reactors (SMRs), nuclear fuel and related technologies for non‐defense power generation, offering scalable solutions to meet evolving energy and industrial demands.

Beyond propulsion and power systems, BWXT is a leading producer of medical radioisotopes used in diagnostic imaging and cancer treatment.