BWX Technologies (NYSE:BWXT) Hits New 1-Year Low – Here’s What Happened

BWX Technologies, Inc. (NYSE:BWXT)’s stock price hit a new 52-week low on Monday. The stock traded as low as $135.26 and last traded at $135.7270, with a volume of 72371 shares changing hands. The stock had previously closed at $138.47.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. JPMorgan Chase & Co. assumed coverage on BWX Technologies in a research note on Monday, July 27th. They issued an “overweight” rating and a $230.00 target price for the company. Seaport Research Partners raised BWX Technologies from a “neutral” rating to a “buy” rating and set a $245.00 price objective on the stock in a research note on Monday, June 22nd. Truist Financial decreased their price target on shares of BWX Technologies from $212.00 to $202.00 and set a “hold” rating on the stock in a research note on Friday, August 14th. Jefferies Financial Group started coverage on shares of BWX Technologies in a research note on Thursday, September 3rd. They set a “buy” rating and a $181.00 price target for the company. Finally, Guggenheim assumed coverage on BWX Technologies in a report on Monday, September 14th. They set a “buy” rating and a $192.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, BWX Technologies has a consensus rating of “Moderate Buy” and an average price target of $213.75.

BWX Technologies Price Performance

The company has a 50 day simple moving average of $159.93 and a 200 day simple moving average of $188.35. 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 stock has a market cap of $12.40 billion, a P/E ratio of 35.13, a PEG ratio of 2.17 and a beta of 0.75.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, August 3rd. The technology company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. The company had revenue of $901.62 million during the quarter, compared to the consensus estimate of $902.41 million. BWX Technologies had a net margin of 10.11% and a return on equity of 30.83%. The company’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.02 EPS. BWX Technologies has set its FY 2026 guidance at 4.700-4.800 EPS. Sell-side analysts forecast 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 was paid on Friday, September 4th. Investors of record on Tuesday, August 18th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.8%. The ex-dividend date was Tuesday, August 18th. BWX Technologies’s dividend payout ratio (DPR) is 27.98%.

Insider Activity at BWX Technologies

In other news, CEO Rex D. Geveden sold 10,000 shares of BWX Technologies stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $172.50, for a total transaction 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On BWX Technologies

Large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of BWX Technologies during the 2nd quarter worth approximately $2,359,895,000. Bank of New York Mellon Corp bought a new position in BWX Technologies in the second quarter valued at about $222,587,000. Bank of America Corp DE acquired a new position in BWX Technologies during the 2nd quarter worth approximately $202,020,000. William Blair Investment Management LLC bought a new position in shares of BWX Technologies in the 2nd quarter valued at $183,211,000. Finally, Nicholas Investment Partners LP bought a new position in BWX Technologies in the second quarter valued at about $53,022,000. Institutional investors own 94.39% of the company’s stock.

About BWX Technologies

BWX Technologies, Inc (NYSE: BWXT) is a technology and manufacturing company that specializes in nuclear components, systems and services. The company primarily serves government and commercial customers in the nuclear energy, national security and medical markets.

BWXT is a major supplier to the U.S. government and supports the U.S. Navy’s nuclear propulsion program by designing and manufacturing nuclear reactors and related components for naval vessels. Its offerings also include nuclear fuel, reactor components, engineering and maintenance services, and technologies intended for advanced and small modular reactors.

Through its commercial and medical businesses, BWXT provides nuclear equipment and services for civilian power generation, produces medical radioisotopes and related technologies, and supports research and other specialized applications.