BWX Technologies (NYSE:BWXT) Issues Earnings Results

BWX Technologies (NYSE:BWXT) released its earnings results on Monday. The technology company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.15, Zacks reports. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The company had revenue of $866.29 million during the quarter, compared to analyst estimates of $795.48 million. During the same quarter in the previous year, the company posted $0.83 EPS. BWX Technologies’s revenue for the quarter was up 28.9% on a year-over-year basis. BWX Technologies updated its FY 2025 guidance to 3.750-3.800 EPS.

BWX Technologies Stock Up 1.1%

Shares of NYSE BWXT opened at $215.92 on Tuesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. The company has a market cap of $19.73 billion, a P/E ratio of 67.47, a PEG ratio of 4.24 and a beta of 0.78. BWX Technologies has a 1 year low of $84.21 and a 1 year high of $218.50. The firm has a 50-day simple moving average of $184.84 and a two-hundred day simple moving average of $153.13.

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders 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 annualized dividend and a yield of 0.5%. BWX Technologies’s dividend payout ratio (DPR) is presently 31.25%.

Analyst Upgrades and Downgrades

BWXT has been the topic of a number of research analyst reports. Weiss Ratings downgraded BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. William Blair reaffirmed an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, September 17th. Deutsche Bank Aktiengesellschaft set a $180.00 price target on BWX Technologies and gave the company a “hold” rating in a report on Wednesday, October 8th. Northland Securities assumed coverage on BWX Technologies in a report on Wednesday, September 10th. They set an “outperform” rating and a $205.00 price target on the stock. Finally, Maxim Group restated a “hold” rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, BWX Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $168.08.

Insider Activity at BWX Technologies

In other news, Director Leland D. Melvin sold 600 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $178.26, for a total transaction of $106,956.00. Following the transaction, the director directly owned 5,579 shares of the company’s stock, valued at approximately $994,512.54. This trade represents a 9.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $177.43, for a total transaction of $371,183.56. Following the transaction, the senior vice president directly owned 10,149 shares in the company, valued at approximately $1,800,737.07. This trade represents a 17.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 29,953 shares of company stock valued at $5,359,758. 0.47% of the stock is owned by insiders.

Hedge Funds Weigh In On BWX Technologies

Several institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. increased its holdings in BWX Technologies by 7.9% during the second quarter. Raymond James Financial Inc. now owns 707,602 shares of the technology company’s stock valued at $101,937,000 after buying an additional 51,998 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of BWX Technologies by 26.1% during the second quarter. Ameriprise Financial Inc. now owns 531,623 shares of the technology company’s stock worth $76,586,000 after buying an additional 109,977 shares during the period. Select Equity Group L.P. acquired a new stake in shares of BWX Technologies during the second quarter worth $68,902,000. Orion Porfolio Solutions LLC lifted its stake in shares of BWX Technologies by 1,353.1% during the second quarter. Orion Porfolio Solutions LLC now owns 363,757 shares of the technology company’s stock worth $52,403,000 after buying an additional 338,723 shares during the period. Finally, Orbis Allan Gray Ltd acquired a new position in BWX Technologies during the second quarter valued at $42,504,000. 94.39% of the stock is owned by hedge funds and other institutional investors.

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.