Alkeon Capital Management LLC Invests $86.44 Million in BWX Technologies, Inc. $BWXT

Alkeon Capital Management LLC bought a new stake in BWX Technologies, Inc. (NYSE:BWXT) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 600,048 shares of the technology company’s stock, valued at approximately $86,443,000.

Other institutional investors have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. increased its stake in BWX Technologies by 19.7% during the first quarter. T. Rowe Price Investment Management Inc. now owns 4,503,679 shares of the technology company’s stock worth $444,288,000 after acquiring an additional 741,282 shares during the last quarter. Invesco Ltd. lifted its stake in shares of BWX Technologies by 139.0% in the 2nd quarter. Invesco Ltd. now owns 1,592,380 shares of the technology company’s stock valued at $229,398,000 after purchasing an additional 926,117 shares in the last quarter. Valeo Financial Advisors LLC grew 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 worth $2,228,000 after purchasing an additional 1,513,092 shares during the period. William Blair Investment Management LLC grew its holdings in shares of 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 purchasing an additional 1,273,895 shares during the period. Finally, Artisan Partners Limited Partnership acquired a new stake in BWX Technologies during the 2nd quarter worth approximately $183,859,000. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Trading Down 4.6%

NYSE BWXT opened at $174.86 on Friday. The stock has a market cap of $15.99 billion, a P/E ratio of 52.51, a PEG ratio of 3.60 and a beta of 0.85. The company’s fifty day simple moving average is $190.60 and its 200-day simple moving average is $167.20. The company has a current ratio of 1.71, a quick ratio of 1.62 and a debt-to-equity ratio of 1.21. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 week high of $218.50.

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

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Wednesday, November 19th. BWX Technologies’s payout ratio is presently 30.03%.

Insider Activity at BWX Technologies

In related news, CEO Rex D. Geveden sold 10,000 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $197.90, for a total value of $1,979,000.00. Following the completion of the transaction, 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 document filed with the SEC, which is accessible through this link. Company insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BWXT. William Blair reaffirmed an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, September 17th. Truist Financial raised their target price on shares of BWX Technologies from $173.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. Weiss Ratings restated a “buy (b-)” rating on shares of BWX Technologies in a report on Monday. Wall Street Zen raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 price target on BWX Technologies and gave the company a “hold” rating in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.