BWX Technologies, Inc. $BWXT Shares Bought by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. raised its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 1.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 381,433 shares of the technology company’s stock after acquiring an additional 4,296 shares during the period. BWX Technologies makes up about 1.5% of ZWJ Investment Counsel Inc.’s investment portfolio, making the stock its 22nd largest position. ZWJ Investment Counsel Inc.’s holdings in BWX Technologies were worth $52,256,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. M.D. Sass LLC purchased a new position in shares of BWX Technologies during the second quarter worth about $2,619,000. Ranger Investment Management L.P. bought a new position in shares of BWX Technologies in the first quarter worth approximately $11,991,000. Silvant Capital Management LLC bought a new position in shares of BWX Technologies in the second quarter worth approximately $6,574,000. Insight Wealth Strategies LLC purchased a new stake in BWX Technologies in the second quarter valued at approximately $5,949,000. Finally, Public Employees Retirement System of Ohio raised its stake in BWX Technologies by 67.2% in the first quarter. Public Employees Retirement System of Ohio now owns 49,816 shares of the technology company’s stock valued at $10,187,000 after purchasing an additional 20,025 shares in the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on BWXT. Seaport Research Partners upgraded shares of BWX Technologies from a “neutral” rating to a “buy” rating and set a $245.00 target price for the company in a research report on Monday, June 22nd. Jefferies Financial Group initiated coverage on shares of BWX Technologies in a research note on Thursday, September 3rd. They issued a “buy” rating and a $181.00 price target for the company. BNP Paribas Exane decreased their price target on shares of BWX Technologies from $190.00 to $165.00 and set a “neutral” rating on the stock in a report on Thursday, September 24th. Citigroup reissued an “outperform” rating on shares of BWX Technologies in a report on Wednesday, September 30th. Finally, Northland Securities lowered their price objective on shares of BWX Technologies from $250.00 to $220.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $205.00.

Insiders Place Their Bets

In related news, CEO Rex D. Geveden sold 10,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer owned 192,491 shares in the company, valued at $33,204,697.50. The trade was a 4.94% decrease in their position. The transaction 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. 0.60% of the stock is owned by insiders.

BWX Technologies Trading Down 3.2%

Shares of BWXT stock opened at $134.38 on Thursday. 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 business has a 50-day moving average price of $151.57 and a two-hundred day moving average price of $182.37. BWX Technologies, Inc. has a 12-month low of $131.86 and a 12-month high of $241.82. The firm has a market cap of $12.31 billion, a P/E ratio of 34.81, a price-to-earnings-growth ratio of 2.12 and a beta of 0.74.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, August 3rd. The technology company reported $1.07 earnings per share (EPS) 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 firm had revenue of $901.62 million during the quarter, compared to analysts’ expectations of $902.41 million. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.02 EPS. BWX Technologies has set its FY 2026 guidance at 4.700-4.800 EPS. Equities analysts anticipate that BWX Technologies, Inc. will post 4.75 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, August 18th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, August 18th. BWX Technologies’s dividend payout ratio (DPR) is currently 27.98%.

BWX Technologies Company Profile

BWX Technologies, Inc (NYSE:BWXT) is a provider of nuclear components, systems and services for government and commercial customers. The company is best known for designing and manufacturing nuclear reactors and related components for the U.S. Navy’s nuclear-powered aircraft carriers and submarines. It also supports the nuclear fuel cycle and provides engineering, manufacturing, maintenance and technical services for nuclear facilities.

BWXT serves the U.S. government, commercial nuclear power producers, research institutions and customers in the healthcare and space industries.