Moors & Cabot Inc. Makes New $251,000 Investment in BWX Technologies, Inc. $BWXT

Moors & Cabot Inc. purchased a new position in shares of BWX Technologies, Inc. (NYSE:BWXT) during the second quarter, HoldingsChannel reports. The fund purchased 1,743 shares of the technology company’s stock, valued at approximately $251,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in BWX Technologies by 3.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 252,887 shares of the technology company’s stock worth $24,947,000 after buying an additional 7,255 shares during the period. State of Michigan Retirement System increased its holdings in shares of BWX Technologies by 0.9% in the first quarter. State of Michigan Retirement System now owns 21,900 shares of the technology company’s stock worth $2,160,000 after acquiring an additional 200 shares in the last quarter. Xponance Inc. raised its position in shares of BWX Technologies by 1.4% during the first quarter. Xponance Inc. now owns 12,176 shares of the technology company’s stock worth $1,201,000 after purchasing an additional 168 shares during the period. Stephens Inc. AR grew its position in shares of BWX Technologies by 5.2% in the 1st quarter. Stephens Inc. AR now owns 17,394 shares of the technology company’s stock valued at $1,716,000 after purchasing an additional 864 shares during the period. Finally, Stephens Investment Management Group LLC grew its position in shares of BWX Technologies by 16.5% in the 1st quarter. Stephens Investment Management Group LLC now owns 523,722 shares of the technology company’s stock valued at $51,665,000 after purchasing an additional 74,366 shares during the period. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Stock Down 0.3%

Shares of BWXT stock opened at $193.42 on Monday. The firm’s fifty day moving average price is $187.37 and its two-hundred day moving average price is $155.77. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $218.50. The firm has a market capitalization of $17.68 billion, a P/E ratio of 60.44, a PEG ratio of 4.24 and a beta of 0.78.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, November 3rd. The technology company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.15. The company had revenue of $866.29 million during the quarter, compared to analysts’ expectations of $795.48 million. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.BWX Technologies’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 EPS. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. On average, equities analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. BWX Technologies’s dividend payout ratio is currently 30.03%.

Analysts Set New Price Targets

BWXT has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of BWX Technologies and gave the stock a “hold” rating in a report on Wednesday, October 8th. Northland Capmk upgraded shares of BWX Technologies to a “strong-buy” rating in a report on Tuesday, September 9th. Bank of America boosted their price objective on shares of BWX Technologies from $155.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. BTIG Research increased their target price on BWX Technologies from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Friday. Finally, Zacks Research upgraded BWX Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, BWX Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $179.62.

BWX Technologies Profile

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.