Ieq Capital LLC bought a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,880 shares of the technology company’s stock, valued at approximately $1,144,000.
Several other hedge funds have also bought and sold shares of the stock. Callan Family Office LLC purchased a new stake in BWX Technologies in the second quarter worth about $1,866,000. Heartland Advisors Inc. purchased a new position in shares of BWX Technologies during the 2nd quarter valued at about $1,285,000. Allworth Financial LP bought a new position in shares of BWX Technologies during the 2nd quarter valued at approximately $146,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in BWX Technologies in the 2nd quarter worth approximately $1,845,000. Finally, Kayne Anderson Capital Advisors LP purchased a new stake in BWX Technologies in the 2nd quarter worth approximately $1,662,000. Institutional investors own 94.39% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have commented on the stock. Weiss Ratings raised shares of BWX Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 12th. JPMorgan Chase & Co. began coverage on shares of BWX Technologies in a research note on Monday, July 27th. They issued an “overweight” rating and a $230.00 price objective for the company. Wall Street Zen downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Seaport Research Partners upgraded shares of BWX Technologies from a “neutral” rating to a “buy” rating and set a $245.00 target price on the stock in a research note on Monday, June 22nd. Finally, Truist Financial dropped their target price on shares of BWX Technologies from $212.00 to $202.00 and set a “hold” rating for the company in a report on Friday, August 14th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, BWX Technologies presently has an average rating of “Moderate Buy” and an average price target of $227.20.
BWX Technologies Stock Performance
Shares of NYSE BWXT opened at $153.35 on Thursday. The company has a market cap of $14.05 billion, a P/E ratio of 39.73, a P/E/G ratio of 2.34 and a beta of 0.76. BWX Technologies, Inc. has a 52-week low of $147.74 and a 52-week high of $241.82. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.33 and a current ratio of 2.40. The firm’s fifty day moving average is $177.86 and its two-hundred day moving average is $196.39.
BWX Technologies (NYSE:BWXT – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The technology company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.04 by $0.03. The business had revenue of $901.62 million during the quarter, compared to the consensus estimate of $902.41 million. BWX Technologies had a net margin of 10.11% and a return on equity of 30.83%. The business’s revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.02 EPS. BWX Technologies has set its FY 2026 guidance at 4.700-4.800 EPS. As a group, analysts anticipate that BWX Technologies, Inc. will post 4.75 EPS for the current fiscal year.
BWX Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Tuesday, August 18th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.08 dividend on an annualized basis and a yield of 0.7%. BWX Technologies’s payout ratio is presently 27.98%.
Insider Activity
In other news, CEO Rex D. Geveden sold 10,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $172.50, for a total transaction of $1,725,000.00. Following the completion of the transaction, the chief executive officer directly owned 192,491 shares in the company, valued at approximately $33,204,697.50. This represents a 4.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by company 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.
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