Principal Financial Group Inc. Buys 46,983 Shares of BWX Technologies, Inc. $BWXT

Principal Financial Group Inc. grew its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 16.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 325,952 shares of the technology company’s stock after buying an additional 46,983 shares during the quarter. Principal Financial Group Inc.’s holdings in BWX Technologies were worth $66,654,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BWXT. Chicago Partners Investment Group LLC grew its stake in shares of BWX Technologies by 7.2% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,244 shares of the technology company’s stock valued at $273,000 after buying an additional 84 shares during the period. International Assets Investment Management LLC bought a new position in BWX Technologies in the first quarter worth approximately $223,000. Diversify Wealth Management LLC bought a new position in BWX Technologies in the first quarter worth approximately $1,097,000. Fifth Third Bancorp grew its stake in BWX Technologies by 3,842.8% in the first quarter. Fifth Third Bancorp now owns 29,571 shares of the technology company’s stock valued at $6,047,000 after acquiring an additional 28,821 shares during the period. Finally, Hsbc Holdings PLC grew its stake in BWX Technologies by 107.5% in the first quarter. Hsbc Holdings PLC now owns 16,121 shares of the technology company’s stock valued at $3,269,000 after acquiring an additional 8,351 shares during the period. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Stock Performance

Shares of BWX Technologies stock opened at $173.86 on Friday. BWX Technologies, Inc. has a 52 week low of $136.18 and a 52 week high of $241.82. The company has a quick ratio of 2.33, a current ratio of 2.40 and a debt-to-equity ratio of 1.58. The business has a 50 day moving average price of $195.54 and a 200-day moving average price of $203.03. The company has a market cap of $15.93 billion, a PE ratio of 46.49, a price-to-earnings-growth ratio of 3.02 and a beta of 0.74.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, May 4th. The technology company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.20. BWX Technologies had a return on equity of 31.33% and a net margin of 10.20%.The company had revenue of $860.22 million for the quarter, compared to analysts’ expectations of $837.47 million. During the same quarter in the previous year, the firm earned $0.91 earnings per share. BWX Technologies’s quarterly revenue was up 26.1% on a year-over-year basis. BWX Technologies has set its FY 2026 guidance at 4.600-4.750 EPS. Equities analysts anticipate that BWX Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.27 per share. The ex-dividend date was Tuesday, May 19th. This represents a $1.08 annualized dividend and a yield of 0.6%. BWX Technologies’s dividend payout ratio (DPR) is 28.88%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on BWXT shares. Truist Financial upped their target price on BWX Technologies from $205.00 to $212.00 and gave the stock a “hold” rating in a research report on Monday, May 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of BWX Technologies in a research report on Friday, May 22nd. Wells Fargo & Company initiated coverage on shares of BWX Technologies in a research note on Wednesday, April 1st. They set an “underweight” rating and a $200.00 price target for the company. Deutsche Bank Aktiengesellschaft upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating and upped their price objective for the stock from $205.00 to $255.00 in a report on Friday, May 15th. Finally, Wall Street Zen raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $228.00.

Insiders Place Their Bets

In other news, CEO Rex D. Geveden sold 10,000 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $204.81, for a total value of $2,048,100.00. Following the completion of the sale, the chief executive officer owned 202,491 shares in the company, valued at $41,472,181.71. This represents a 4.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael Thomas Fitzgerald sold 2,417 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $209.25, for a total transaction of $505,757.25. Following the transaction, the chief financial officer directly owned 6,884 shares in the company, valued at $1,440,477. The trade was a 25.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is owned by insiders.

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.