Federated Hermes Inc. Has $64.96 Million Position in BWX Technologies, Inc. $BWXT

Federated Hermes Inc. lifted its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 477.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 450,907 shares of the technology company’s stock after purchasing an additional 372,800 shares during the quarter. Federated Hermes Inc.’s holdings in BWX Technologies were worth $64,958,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in BWX Technologies by 2.1% in the first quarter. Vanguard Group Inc. now owns 9,404,287 shares of the technology company’s stock valued at $927,733,000 after buying an additional 192,363 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of BWX Technologies by 19.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,503,679 shares of the technology company’s stock valued at $444,288,000 after acquiring an additional 741,282 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of BWX Technologies by 139.0% during the 2nd quarter. Invesco Ltd. now owns 1,592,380 shares of the technology company’s stock valued at $229,398,000 after acquiring an additional 926,117 shares in the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of BWX Technologies by 33,572.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,517,599 shares of the technology company’s stock valued at $2,228,000 after acquiring an additional 1,513,092 shares in the last quarter. Finally, William Blair Investment Management LLC grew its position in BWX Technologies by 523.2% during the 2nd quarter. William Blair Investment Management LLC now owns 1,517,356 shares of the technology company’s stock worth $218,590,000 after acquiring an additional 1,273,895 shares during the last quarter. 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 company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $197.90, for a total transaction of $1,979,000.00. Following the sale, the chief executive officer owned 187,594 shares of the company’s stock, valued at approximately $37,124,852.60. This represents a 5.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.47% of the stock is currently owned by insiders.

BWX Technologies Price Performance

BWX Technologies stock opened at $177.98 on Monday. The stock’s 50 day moving average is $191.25 and its 200 day moving average is $165.71. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $218.50. The firm has a market cap of $16.27 billion, a P/E ratio of 53.45, a P/E/G ratio of 3.49 and a beta of 0.86. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.71 and a quick ratio of 1.62.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, November 3rd. The technology company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.15. The firm had revenue of $866.29 million during the quarter, compared to analyst estimates of $795.48 million. BWX Technologies had a net margin of 10.04% and a return on equity of 30.70%. The company’s revenue was up 28.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.83 EPS. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. As a group, research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, November 19th. BWX Technologies’s dividend payout ratio (DPR) is currently 30.03%.

Analysts Set New Price Targets

Several equities analysts have commented on BWXT shares. Northland Securities set a $225.00 target price on BWX Technologies in a research report on Tuesday, November 4th. Northland Capmk raised BWX Technologies to a “strong-buy” rating in a research note on Tuesday, September 9th. Wedbush reiterated an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, October 1st. Truist Financial boosted their target price on shares of BWX Technologies from $173.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of BWX Technologies in a research note on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $184.83.

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.