Hsbc Holdings PLC bought a new stake in BWX Technologies, Inc. (NYSE:BWXT – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,133 shares of the technology company’s stock, valued at approximately $1,744,000.
Other large investors have also modified their holdings of the company. WFA of San Diego LLC acquired a new position in BWX Technologies in the 2nd quarter valued at $29,000. MV Capital Management Inc. acquired a new stake in shares of BWX Technologies in the 4th quarter worth $32,000. Tucker Asset Management LLC purchased a new stake in shares of BWX Technologies in the fourth quarter valued at about $36,000. Vermillion Wealth Management Inc. boosted its holdings in shares of BWX Technologies by 71.7% in the fourth quarter. Vermillion Wealth Management Inc. now owns 237 shares of the technology company’s stock valued at $41,000 after acquiring an additional 99 shares in the last quarter. Finally, Smithfield Trust Co increased its stake in shares of BWX Technologies by 52.1% during the fourth quarter. Smithfield Trust Co now owns 251 shares of the technology company’s stock worth $44,000 after acquiring an additional 86 shares during the period. Hedge funds and other institutional investors own 94.39% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently commented on BWXT shares. Seaport Research Partners upgraded shares of BWX Technologies from a “neutral” rating to a “buy” rating and set a $245.00 price objective for the company in a research report on Monday, June 22nd. JPMorgan Chase & Co. assumed coverage on BWX Technologies in a research report on Monday, July 27th. They set an “overweight” rating and a $230.00 target price on the stock. Zacks Research cut BWX Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Wells Fargo & Company raised BWX Technologies from an “underweight” rating to an “equal weight” rating and reduced their price target for the company from $200.00 to $170.00 in a report on Thursday. Finally, BTIG Research reaffirmed a “buy” rating and set a $235.00 price objective on shares of BWX Technologies in a report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $224.20.
Insiders Place Their Bets
In other news, CEO Rex D. Geveden sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $172.50, for a total value of $1,725,000.00. Following the completion of the transaction, the chief executive officer owned 192,491 shares in the company, valued at $33,204,697.50. This trade represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 Up 0.2%
Shares of BWXT opened at $153.12 on Monday. BWX Technologies, Inc. has a twelve month low of $147.74 and a twelve month high of $241.82. The company has a current ratio of 2.40, a quick ratio of 2.33 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $14.03 billion, a P/E ratio of 39.67, a PEG ratio of 2.39 and a beta of 0.76. The firm’s 50-day moving average is $175.83 and its two-hundred day moving average is $195.75.
BWX Technologies (NYSE:BWXT – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The technology company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.04 by $0.03. The business had revenue of $901.62 million for the quarter, compared to analyst estimates of $902.41 million. BWX Technologies had a return on equity of 30.83% and a net margin of 10.11%.The company’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.02 EPS. BWX Technologies has set its FY 2026 guidance at 4.700-4.800 EPS. On average, research analysts predict that BWX Technologies, Inc. will post 4.75 earnings per share for the current fiscal year.
BWX Technologies Announces Dividend
The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.08 annualized dividend and a yield of 0.7%. BWX Technologies’s dividend payout ratio is 27.98%.
About BWX Technologies
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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