Resona Asset Management Co. Ltd. Takes Position in BWX Technologies, Inc. $BWXT

Resona Asset Management Co. Ltd. bought a new position in shares of BWX Technologies, Inc. (NYSE:BWXT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,368 shares of the technology company’s stock, valued at approximately $340,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Creative Financial Designs Inc. ADV boosted its holdings in shares of BWX Technologies by 250.0% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 175 shares of the technology company’s stock valued at $25,000 after purchasing an additional 125 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in BWX Technologies by 861.9% during the second quarter. Hantz Financial Services Inc. now owns 202 shares of the technology company’s stock valued at $29,000 after buying an additional 181 shares during the last quarter. Stone House Investment Management LLC purchased a new position in BWX Technologies during the 1st quarter valued at approximately $31,000. Compass Financial Services Inc purchased a new position in BWX Technologies during the 1st quarter valued at approximately $33,000. Finally, HHM Wealth Advisors LLC increased its stake in BWX Technologies by 34.5% in the 1st quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company’s stock worth $38,000 after acquiring an additional 100 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BWXT has been the subject of a number of research reports. Maxim Group reiterated a “hold” rating on shares of BWX Technologies in a research report on Wednesday, August 6th. Northland Capmk raised shares of BWX Technologies to a “strong-buy” rating in a research note on Tuesday, September 9th. Northland Securities set a $225.00 target price on shares of BWX Technologies in a report on Tuesday, November 4th. William Blair restated an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, September 17th. Finally, Zacks Research raised shares of 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, seven have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, BWX Technologies presently has an average rating of “Moderate Buy” and an average target price of $183.58.

BWX Technologies Stock Down 1.6%

Shares of NYSE:BWXT opened at $195.70 on Wednesday. The firm has a market capitalization of $17.89 billion, a PE ratio of 61.16, a price-to-earnings-growth ratio of 4.24 and a beta of 0.78. The business has a 50 day simple moving average of $188.82 and a two-hundred day simple moving average of $157.02. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $218.50. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, November 3rd. The technology company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.15. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The business had revenue of $866.29 million during the quarter, compared to the consensus estimate of $795.48 million. During the same period last year, the company earned $0.83 earnings per share. The business’s revenue for the quarter was up 28.9% compared to the same quarter last year. 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 year.

BWX Technologies Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 0.5%. BWX Technologies’s dividend payout ratio (DPR) is currently 30.03%.

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.