Man Group plc Purchases Shares of 23,663 BWX Technologies, Inc. $BWXT

Man Group plc acquired a new position in shares of BWX Technologies, Inc. (NYSE:BWXTFree Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 23,663 shares of the technology company’s stock, valued at approximately $4,606,000.

Other large investors have also modified their holdings of the company. Cannell & Spears LLC lifted its position in BWX Technologies by 4.0% in the first quarter. Cannell & Spears LLC now owns 1,312 shares of the technology company’s stock valued at $251,000 after acquiring an additional 50 shares during the last quarter. Wedbush Securities Inc. grew its holdings in shares of BWX Technologies by 4.3% during the fourth quarter. Wedbush Securities Inc. now owns 1,263 shares of the technology company’s stock worth $218,000 after purchasing an additional 52 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of BWX Technologies by 1.0% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 5,448 shares of the technology company’s stock worth $942,000 after purchasing an additional 54 shares during the last quarter. Guggenheim Capital LLC increased its position in shares of BWX Technologies by 2.2% during 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 increased its position in shares of BWX Technologies by 2.4% during the first quarter. Private Advisor Group LLC now owns 2,847 shares of the technology company’s stock worth $582,000 after purchasing an additional 67 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Rex D. Geveden sold 10,000 shares of BWX Technologies stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $172.50, for a total value of $1,725,000.00. Following the transaction, the chief executive officer directly owned 192,491 shares in the company, valued at $33,204,697.50. This trade represents a 4.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

BWXT has been the subject of a number of research analyst reports. Weiss Ratings cut BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Seaport Research Partners upgraded BWX Technologies from a “neutral” rating to a “buy” rating and set a $245.00 price objective for the company in a research note on Monday, June 22nd. Zacks Research downgraded BWX Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. BTIG Research restated a “buy” rating and set a $235.00 target price on shares of BWX Technologies in a research report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft raised shares of BWX Technologies from a “hold” rating to a “buy” rating and lifted their target price for the company from $205.00 to $255.00 in a report on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $224.20.

Check Out Our Latest Stock Report on BWX Technologies

BWX Technologies Stock Performance

Shares of BWXT stock opened at $153.12 on Monday. The stock’s 50-day moving average price is $175.83 and its 200 day moving average price is $195.75. The company has a quick ratio of 2.33, a current ratio of 2.40 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $14.03 billion, a PE ratio of 39.67, a price-to-earnings-growth ratio of 2.39 and a beta of 0.76. BWX Technologies, Inc. has a 52-week low of $147.74 and a 52-week high of $241.82.

BWX Technologies (NYSE:BWXTGet Free Report) last posted its quarterly earnings data on Monday, August 3rd. The technology company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. BWX Technologies had a return on equity of 30.83% and a net margin of 10.11%.The company had revenue of $901.62 million during the quarter, compared to analysts’ expectations of $902.41 million. During the same period last year, the firm earned $1.02 EPS. The firm’s revenue for the quarter 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, equities research analysts forecast that BWX Technologies, Inc. will post 4.75 EPS for the current year.

BWX Technologies Dividend Announcement

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

About BWX Technologies

(Free Report)

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.

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Institutional Ownership by Quarter for BWX Technologies (NYSE:BWXT)

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