The Manufacturers Life Insurance Company Buys New Shares in BWX Technologies, Inc. $BWXT

The Manufacturers Life Insurance Company acquired a new position in shares of BWX Technologies, Inc. (NYSE:BWXT) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 49,769 shares of the technology company’s stock, valued at approximately $9,688,000.

Other institutional investors have also made changes to their positions in the company. Cannell & Spears LLC grew its position in BWX Technologies by 4.0% during the 1st quarter. Cannell & Spears LLC now owns 1,312 shares of the technology company’s stock worth $251,000 after purchasing an additional 50 shares in the last quarter. Wedbush Securities Inc. raised its stake in shares of BWX Technologies by 4.3% during the 4th quarter. Wedbush Securities Inc. now owns 1,263 shares of the technology company’s stock worth $218,000 after purchasing an additional 52 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in BWX Technologies by 1.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 5,448 shares of the technology company’s stock valued at $942,000 after acquiring an additional 54 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in BWX Technologies by 2.2% in the fourth quarter. Guggenheim Capital LLC now owns 2,598 shares of the technology company’s stock worth $449,000 after purchasing an additional 55 shares in the last quarter. Finally, Private Advisor Group LLC boosted its stake in shares of BWX Technologies by 2.4% during the 1st quarter. Private Advisor Group LLC now owns 2,847 shares of the technology company’s stock worth $582,000 after acquiring an additional 67 shares in the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on BWXT. Wall Street Zen downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. began coverage on shares of BWX Technologies in a report on Monday, July 27th. They issued an “overweight” rating and a $230.00 price target for the company. Zacks Research downgraded shares of BWX Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft upgraded BWX Technologies from a “hold” rating to a “buy” rating and upped their price objective for the company from $205.00 to $255.00 in a report on Friday, May 15th. Finally, 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 report on Monday, June 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $224.20.

Insider Buying and Selling

In other news, CEO Rex D. Geveden sold 10,000 shares of the business’s 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 sale, the chief executive officer owned 192,491 shares in the company, valued at $33,204,697.50. The trade was a 4.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.60% of the company’s stock.

BWX Technologies Trading Down 1.8%

NYSE BWXT opened at $153.12 on Friday. BWX Technologies, Inc. has a 52 week low of $147.74 and a 52 week high of $241.82. The stock’s 50 day moving average price is $175.83 and its two-hundred day moving average price is $195.80. The stock has a market capitalization of $14.03 billion, a price-to-earnings ratio of 39.67, a PEG ratio of 2.39 and a beta of 0.76. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.33 and a current ratio of 2.40.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, August 3rd. The technology company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.03. BWX Technologies had a return on equity of 30.83% and a net margin of 10.11%.The business had revenue of $901.62 million for the quarter, compared to analyst estimates of $902.41 million. During the same quarter in the prior year, the company posted $1.02 earnings per share. BWX Technologies’s revenue was up 18.0% on a year-over-year basis. 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 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Tuesday, August 18th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 18th. BWX Technologies’s payout ratio is currently 27.98%.

BWX Technologies Company 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.