Principal Financial Group Inc. Buys 105,879 Shares of BWX Technologies, Inc. $BWXT

Principal Financial Group Inc. increased its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 51.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 313,192 shares of the technology company’s stock after buying an additional 105,879 shares during the period. Principal Financial Group Inc. owned about 0.34% of BWX Technologies worth $57,743,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BWXT. Artisan Partners Limited Partnership purchased a new stake in shares of BWX Technologies during the 2nd quarter worth approximately $183,859,000. William Blair Investment Management LLC increased its position in BWX Technologies by 523.2% in the second quarter. William Blair Investment Management LLC now owns 1,517,356 shares of the technology company’s stock worth $218,590,000 after buying an additional 1,273,895 shares during the last quarter. Invesco Ltd. increased its position in BWX Technologies by 139.0% in the second quarter. Invesco Ltd. now owns 1,592,380 shares of the technology company’s stock worth $229,398,000 after buying an additional 926,117 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of BWX Technologies in the second quarter valued at $132,498,000. Finally, Alkeon Capital Management LLC purchased a new position in shares of BWX Technologies during the 2nd quarter valued at $86,443,000. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

BWX Technologies Stock Down 10.2%

Shares of NYSE:BWXT opened at $189.41 on Thursday. The firm has a fifty day moving average price of $189.78 and a two-hundred day moving average price of $182.43. The company has a market cap of $17.32 billion, a price-to-earnings ratio of 56.88, a PEG ratio of 3.39 and a beta of 0.84. 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, Inc. has a one year low of $84.21 and a one year high of $220.57.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, November 3rd. The technology company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.15. The company had revenue of $866.29 million for the quarter, compared to the consensus estimate of $795.48 million. BWX Technologies had a return on equity of 30.70% and a net margin of 10.04%.During the same quarter last year, the business posted $0.83 earnings per share. The firm’s revenue was up 28.9% compared to the same quarter last year. Analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BWXT has been the topic of a number of research reports. Bank of America boosted their price objective on BWX Technologies from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. CJS Securities raised shares of BWX Technologies to a “strong-buy” rating in a research report on Friday, December 12th. Exane BNP Paribas raised shares of BWX Technologies to a “hold” rating in a report on Thursday, January 15th. Zacks Research upgraded shares of BWX Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. Finally, Wall Street Zen upgraded BWX Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Three equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $199.20.

Insider Activity at BWX Technologies

In related news, CEO Rex D. Geveden sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $197.90, for a total value of $1,979,000.00. Following the transaction, the chief executive officer directly owned 187,594 shares in the company, valued at approximately $37,124,852.60. This represents a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.47% of the company’s stock.

BWX Technologies Company Profile

BWX Technologies, Inc (NYSE: BWXT) is a specialized supplier of nuclear components and services, primarily serving the U.S. government and commercial markets. The company’s core expertise lies in the design, fabrication and servicing of nuclear propulsion systems for the U.S. Navy, where it supports the maintenance and overhaul of naval nuclear reactors. In addition to defense applications, BWXT develops small modular reactors (SMRs), nuclear fuel and related technologies for non‐defense power generation, offering scalable solutions to meet evolving energy and industrial demands.

Beyond propulsion and power systems, BWXT is a leading producer of medical radioisotopes used in diagnostic imaging and cancer treatment.