Mirae Asset Global Investments Co. Ltd. Purchases New Stake in BWX Technologies, Inc. $BWXT

Mirae Asset Global Investments Co. Ltd. purchased a new stake in BWX Technologies, Inc. (NYSE:BWXT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 41,697 shares of the technology company’s stock, valued at approximately $5,712,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of BWXT. M.D. Sass LLC purchased a new stake in shares of BWX Technologies in the 2nd quarter worth $2,619,000. Ranger Investment Management L.P. purchased a new position in shares of BWX Technologies during the first quarter valued at $11,991,000. Silvant Capital Management LLC purchased a new position in shares of BWX Technologies during the second quarter valued at $6,574,000. Insight Wealth Strategies LLC purchased a new position in shares of BWX Technologies during the second quarter valued at $5,949,000. Finally, Equitable Holdings Inc. purchased a new position in shares of BWX Technologies during the second quarter valued at $1,538,000. Institutional investors own 94.39% of the company’s stock.

Insider Transactions at BWX Technologies

In other BWX Technologies news, CEO Rex D. Geveden sold 10,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 192,491 shares in the company, valued at approximately $33,204,697.50. The trade was a 4.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 company insiders.

Analyst Upgrades and Downgrades

BWXT has been the subject of several recent research reports. Wells Fargo & Company upgraded BWX Technologies from an “underweight” rating to an “equal weight” rating and decreased their price objective for the company from $200.00 to $170.00 in a report on Thursday, August 27th. Bank of America dropped their target price on shares of BWX Technologies from $250.00 to $210.00 and set a “buy” rating on the stock in a report on Wednesday, September 30th. BTIG Research restated a “buy” rating and issued a $235.00 price target on shares of BWX Technologies in a report on Wednesday, September 30th. Jefferies Financial Group started coverage on shares of BWX Technologies in a research report on Thursday, September 3rd. They issued a “buy” rating and a $181.00 price target for the company. Finally, Citigroup reiterated an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, BWX Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $205.00.

BWX Technologies Trading Down 5.3%

Shares of NYSE:BWXT opened at $115.02 on Friday. BWX Technologies, Inc. has a 12-month low of $112.54 and a 12-month high of $241.82. The business’s fifty day simple moving average is $141.31 and its 200-day simple moving average is $183.06. The company has a market capitalization of $10.54 billion, a PE ratio of 28.19, a P/E/G ratio of 1.81 and a beta of 0.75. The company has a current ratio of 1.88, a quick ratio of 2.33 and a debt-to-equity ratio of 1.43.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, November 2nd. The technology company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.19 by $0.07. The firm had revenue of $952.97 million during the quarter, compared to analyst estimates of $970.52 million. BWX Technologies had a return on equity of 31.65% and a net margin of 10.41%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.00 EPS. As a group, equities research analysts predict that BWX Technologies, Inc. will post 4.76 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, November 19th. BWX Technologies’s payout ratio is 26.47%.

BWX Technologies News Roundup

Here are the key news stories impacting BWX Technologies this week:

• Positive Sentiment: Northland Securities raised its FY2027 EPS estimate to $5.17 from $5.02 and maintained an Outperform rating with a $220 price target, signaling improved longer-term earnings expectations. Northland estimate update
• Positive Sentiment: Coverage highlights BWXT’s reported $2.2 billion Army reactor contract, which could reinforce the company’s defense-sector growth outlook. Army reactor contract coverage
• Positive Sentiment: BWXT extended the maturity of its $1.25 billion revolving credit facility to November 2031, providing longer-term access to liquidity. Credit agreement amendment
• Neutral Sentiment: The company launched a $500 million offering of senior unsecured notes due 2034 alongside cash tender offers for its 2028 and 2029 notes. The transactions appear to be part of debt management, though the new borrowing may focus investors on financing costs and leverage. Senior notes offering
• Negative Sentiment: A recent article describes a sharp sell-off in nuclear-energy stocks, a sector-wide headwind that may be contributing to BWXT’s decline even as it characterizes the company as a reliable industry player. Nuclear stocks sell-off article

BWX Technologies Profile

BWX Technologies, Inc (NYSE: BWXT) is a specialty manufacturer and services provider focused on nuclear technology. The company designs and manufactures nuclear reactors, reactor components, nuclear fuel and related equipment, with a major emphasis on highly engineered systems used in naval and commercial applications.

BWXT is a key supplier to the U.S. government, supporting the U.S. Navy’s nuclear-powered aircraft carriers and submarines through reactor design, component manufacturing, fuel production, maintenance and life-cycle services.