BWX Technologies (NYSE:BWXT) Posts Quarterly Earnings Results, Beats Estimates By $0.15 EPS

BWX Technologies (NYSE:BWXT) announced its quarterly earnings results on Monday. The technology company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.15, Zacks reports. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. BWX Technologies updated its FY 2025 guidance to 3.750-3.800 EPS.

BWX Technologies Stock Up 1.1%

Shares of BWX Technologies stock traded up $2.31 during trading hours on Monday, reaching $215.92. 1,478,903 shares of the company’s stock were exchanged, compared to its average volume of 1,148,087. The company has a 50 day moving average of $183.78 and a two-hundred day moving average of $152.34. BWX Technologies has a fifty-two week low of $84.21 and a fifty-two week high of $218.50. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28. The stock has a market cap of $19.73 billion, a P/E ratio of 67.47, a P/E/G ratio of 4.24 and a beta of 0.78.

Insider Activity

In other news, CEO Rex D. Geveden sold 25,000 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $179.00, for a total value of $4,475,000.00. Following the sale, the chief executive officer directly owned 197,594 shares of the company’s stock, valued at approximately $35,369,326. This represents a 11.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leland D. Melvin sold 600 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $178.26, for a total transaction of $106,956.00. Following the completion of the sale, the director directly owned 5,579 shares in the company, valued at approximately $994,512.54. The trade was a 9.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 29,953 shares of company stock valued at $5,359,758 in the last 90 days. 0.47% of the stock is owned by company insiders.

Institutional Investors Weigh In On BWX Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the company. Caxton Associates LLP raised its holdings in shares of BWX Technologies by 14.7% in the 2nd quarter. Caxton Associates LLP now owns 3,532 shares of the technology company’s stock valued at $509,000 after purchasing an additional 454 shares during the period. Evergreen Capital Management LLC bought a new position in BWX Technologies in the 2nd quarter valued at about $210,000. Tower Research Capital LLC TRC raised its holdings in BWX Technologies by 83.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,144 shares of the technology company’s stock valued at $597,000 after acquiring an additional 1,891 shares during the period. Duquesne Family Office LLC bought a new position in BWX Technologies in the 2nd quarter valued at about $11,017,000. Finally, Rakuten Securities Inc. raised its holdings in BWX Technologies by 309.7% in the 2nd quarter. Rakuten Securities Inc. now owns 463 shares of the technology company’s stock valued at $67,000 after acquiring an additional 350 shares during the period. 94.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BWXT shares. William Blair reissued an “outperform” rating on shares of BWX Technologies in a report on Wednesday, September 17th. Northland Capmk raised shares of BWX Technologies to a “strong-buy” rating in a report on Tuesday, September 9th. Northland Securities initiated coverage on shares of BWX Technologies in a research note on Wednesday, September 10th. They issued an “outperform” rating and a $205.00 target price for the company. Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of BWX Technologies and gave the stock a “hold” rating in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, BWX Technologies has an average rating of “Moderate Buy” and an average target price of $168.08.

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.