BWX Technologies Inc Stock Research

Market Summary

USD62.92+1.19

Market Closed

1.93%

BWXT Alerts

Big fall in earnings (Y/Y)

BWXT Stock Price

BWXT RSI Chart

BWXT Valuation

Market Cap

5.8B

Price/Earnings (Trailing)

24.15

Price/Sales (Trailing)

2.58

EV/EBITDA

13.46

Price/Free Cashflow

123.97

BWXT Price/Sales (Trailing)

BWXT Profitability

Operating Margin

24.72%

EBT Margin

14.08%

Return on Equity

31.83%

Return on Assets

9.09%

Free Cashflow Yield

0.81%

BWXT Fundamentals

BWXT Revenue

Revenue (TTM)

2.2B

Revenue Y/Y

5.44%

Revenue Q/Q

19.18%

BWXT Earnings

Earnings (TTM)

238.2M

Earnings Y/Y

-63.23%

Earnings Q/Q

-30.26%

Price Action

52 Week Range

45.2264.62

(Low)(High)

Last 7 days

-1.2%

Last 30 days

3.1%

Last 90 days

5.2%

Trailing 12 Months

18.0%

BWXT Financial Health

Current Ratio

2.1

BWXT Investor Care

Dividend Yield

1.4%

Dividend/Share (TTM)

0.88

Buy Backs (1Y)

3.04%

Diluted EPS (TTM)

2.6

Peers (Alternatives to BWX Tech)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
LMT	124.0B	66.0B	-1.80%	6.15%	21.64	1.88	-1.58%	-9.23%
BA	121.1B	66.6B	-8.09%	10.18%	-24.54	1.82	6.94%	-17.44%
NOC	68.9B	36.6B	-3.31%	1.30%	14.08	1.88	2.62%	-30.11%
TDG	40.7B	5.6B	-5.86%	7.91%	43.68	7.22	15.29%	17.40%
MID-CAP
HEI	9.7B	2.3B	-5.88%	12.02%	27.48	4.38	20.68%	11.62%
HII	8.2B	10.7B	-6.17%	3.09%	14.14	0.77	12.10%	6.43%
BWXT	5.8B	2.2B	3.07%	18.01%	24.15	2.58	5.12%	-22.13%
SPR	2.4B	5.0B	-19.30%	-32.03%	-5.96	0.54	27.24%	-0.91%
AVAV	2.3B	487.1M	0.14%	22.53%	-294.59	4.74	8.46%	-5840.15%
SMALL-CAP
AIR	1.6B	1.8B	-2.80%	15.55%	17.55	0.87	6.02%	23.12%
TGI	728.6M	1.4B	-15.32%	-55.76%	7.55	0.53	-10.88%	191.35%
DCO	632.3M	712.5M	-9.80%	-0.19%	21.96	0.89	10.40%	-78.76%
NPK	496.3M	321.6M	0.58%	-6.46%	29.25	1.52	-9.60%	-19.31%
ATRO	292.4M	492.8M	-12.53%	-2.77%	-14.86	0.62	11.07%	41.98%

Financials for BWX Tech

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	1.5%	2,233	2,201	2,176	2,127	2,124
S&GA Expenses	3.1%	234	227	228	232	230
R&D Expenses	11.4%	10.00	9.00	10.00	11.00	11.00
EBITDA	-16.8%	425	510	507	488	-
EBITDA Margin	-18.0%	0.19*	0.23*	0.23*	0.23*	-
Earnings Before Taxes	-22.3%	314	405	400	381	396
EBT Margin	-23.4%	0.14*	0.18*	0.18*	0.18*	-
Interest Expenses	13.7%	36.00	32.00	34.00	36.00	36.00
Net Income	-23.7%	238	312	310	295	306
Net Income Margin	-24.8%	0.11*	0.14*	0.14*	0.14*	-
Free Cahsflow	-47.6%	46.00	88.00	64.00	21.00	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-2.0%	2,619	2,672	2,706	2,569	2,501
Current Assets	-9.2%	772	850	853	792	774
Cash Equivalents	-31.4%	35.00	51.00	67.00	24.00	34.00
Net PPE	4.7%	1,135	1,083	1,089	1,071	1,046
Goodwill	1.1%	293	290	297	17.00	286
Current Liabilities	-9.6%	368	407	409	409	460
LT Debt, Current	Infinity%	6.00	-	-	-	-
LT Debt, Non Current	-4.3%	1,283	1,341	1,380	1,300	1,189
Shareholder's Equity	5.0%	748	713	704	660	637
Retained Earnings	1.2%	1,933	1,910	1,869	1,814	1,776
Additional Paid-In Capital	1.3%	189	187	183	178	174
Shares Outstanding	0.0%	91.00	91.00	92.00	-	-
Minority Interest	-79.7%	0.00	0.00	0.00	0.00	0.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-17.7%	245	297	300	282	386
Share Based Compensation	-10.6%	14.00	16.00	18.00	19.00	19.00
Cashflow From Investing	2.8%	-256	-263	-299	-268	-304
Cashflow From Financing	128.4%	14.00	-49.21	-124	-48.84	-90.14
Dividend Payments	1.0%	81.00	80.00	80.00	80.00	80.00
Buy Backs	-66.7%	20.00	60.00	226	226	226

Risks for BWXT

What is the probability of a big loss on BWXT?

65%

Probability that BWX Tech stock will be more than 20% underwater in next one year

45.4%

Probability that BWX Tech stock will be more than 30% underwater in next one year.

16.5%

Probability that BWX Tech stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does BWXT drawdown profile look like?

Y-axis is the maximum loss one would have experienced if BWX Tech was unfortunately bought at previous high price.

Drawdowns

Returns for BWXT

Cumulative Returns on BWXT

12.8%

10-Year Cumulative Returns

10.5%

7-Year Cumulative Returns

0.8%

5-Year Cumulative Returns

7.0%

3-Year Cumulative Returns

What are the long-term rolling returns for BWXT?

FIve years rolling returns for BWX Tech.

Annualized Returns

Which funds bought or sold BWXT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-14.54	-595,756	40,384,200	0.04%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-0.62	254,000	1,995,000	0.01%
2023-02-28	Voya Investment Management LLC	added	91.26	1,379,980	2,523,980	-%
2023-02-24	SRS Capital Advisors, Inc.	added	0.89	580	6,580	-%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	sold off	-100	-1,221,000	-	-%
2023-02-21	MACQUARIE GROUP LTD	reduced	-8.14	469,000	9,339,000	0.01%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	added	111	2,298	4,298	-%
2023-02-21	Empowered Funds, LLC	added	19.95	289,291	1,043,290	0.07%
2023-02-17	Coppell Advisory Solutions Corp.	new	-	88,173	88,173	0.03%
2023-02-17	TRUIST FINANCIAL CORP	added	3.14	56,768	358,768	-%

Latest Funds Activity

Are funds buying BWXT calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own BWXT

No. of Funds

BWXT Alerts

Big fall in earnings (Y/Y)

BWX Tech News

Schedule 13G FIlings of BWX Tech

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	price t rowe associates inc /md/	0.2%	210,397	SC 13G/A
Feb 13, 2023	boston partners	4.96%	4,521,300	SC 13G/A
Feb 09, 2023	william blair investment management, llc	6.9%	6,249,032	SC 13G/A
Feb 09, 2023	vanguard group inc	9.18%	8,375,421	SC 13G/A
Feb 06, 2023	wellington management group llp	7.45%	6,799,255	SC 13G/A
Feb 01, 2023	blackrock inc.	5.6%	5,131,709	SC 13G/A
Feb 14, 2022	price t rowe associates inc /md/	9.5%	8,801,382	SC 13G/A
Feb 11, 2022	boston partners	5.69%	5,248,686	SC 13G
Feb 09, 2022	vanguard group inc	8.98%	8,282,028	SC 13G/A
Feb 04, 2022	blackrock inc.	5.3%	4,890,010	SC 13G

BWXT Fair Value

BWX Tech fair value in different scenarios

The table shows the Fair Value estimates for BWX Tech for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	31.15 -50.49%	54.16 -13.92%	66.84 6.23%	81.72 29.88%	102.00 62.11%
Current Inflation	26.02 -58.65%	36.35 -42.23%	48.99 -22.14%	61.36 -2.48%	71.67 13.91%
Very High Inflation	25.74 -59.09%	41.67 -33.77%	49.48 -21.36%	59.50 -5.44%	72.79 15.69%

Historical BWX Tech Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of BWX Tech

View All Filings

Date Filed	Form Type	Document
Mar 15, 2023	ARS	ARS
Mar 15, 2023	DEF 14A	DEF 14A
Mar 15, 2023	DEFA14A	DEFA14A
Mar 01, 2023	4	Insider Trading
Mar 01, 2023	4	Insider Trading
Mar 01, 2023	4	Insider Trading
Mar 01, 2023	4	Insider Trading
Mar 01, 2023	4	Insider Trading
Mar 01, 2023	4	Insider Trading
Mar 01, 2023	4	Insider Trading

Latest Insider Trading transactions for BWXT

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-27	Geveden Rex D	acquired	-	-	58,450	president and ceo
2023-02-27	LeMasters Robb A.	acquired	-	-	5,041	svp & chief financial officer
2023-02-27	Geveden Rex D	sold (taxes)	-1,616,730	61.7	-26,203	president and ceo
2023-02-27	LeMasters Robb A.	sold (taxes)	-140,244	61.7	-2,273	svp & chief financial officer
2023-02-27	Whitford Ronald Owen Jr	acquired	-	-	3,333	svp, general counsel and sec.
2023-02-27	Whitford Ronald Owen Jr	sold (taxes)	-90,267	61.7	-1,463	svp, general counsel and sec.
2023-02-25	Geveden Rex D	acquired	-	-	7,864	president and ceo
2023-02-25	Whitford Ronald Owen Jr	sold (taxes)	-11,572	60.91	-190	svp, general counsel and sec.
2023-02-25	Geveden Rex D	sold (taxes)	-204,719	60.91	-3,361	president and ceo
2023-02-25	Whitford Ronald Owen Jr	acquired	-	-	393	svp, general counsel and sec.

About BWX Tech

Rex D. Geveden

www.bwxt.com

6600

BWX Technologies, Inc. manufactures and sells nuclear components in the United States, Canada, and internationally. It operates in three segments: Nuclear Operations Group, Nuclear Power Group, and Nuclear Services Group. The Nuclear Operations Group segment provides precision naval and critical nuclear components, reactors, nuclear fuel, and assemblies for the United States Department of Energy/National Nuclear Security Administration's Naval Nuclear Propulsion Program and other uses; missile launch tubes for United States Navy submarines; close-tolerance and equipment for nuclear applications; and converts Cold War-era government stockpiles of high-enriched uranium, as well as receives, stores, characterizes, dissolves, recovers, and purifies uranium-bearing materials; supplies research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications. The Nuclear Power Group segment offers commercial nuclear steam generators, nuclear fuel, fuel handling systems, pressure vessels, reactor components, heat exchangers, tooling delivery systems, and containers; engineering and in-plant services for nuclear power plants; designs, manufactures, commissions, and services nuclear power generation equipment; in-plant inspection, maintenance, and modification services, as well as non-destructive examination and tooling/repair solutions; and supplies medical radioisotopes and radiopharmaceuticals for research, diagnostic, and therapeutic uses. The Nuclear Services Group segment provides nuclear materials processing, environmental site restoration, and management and operating services; develops technology for nuclear power sources application; and designs, engineers, licenses, and manufactures nuclear reactors. The company was formerly known as The Babcock & Wilcox Company and changed its name to BWX Technologies, Inc. in June 2015. BWX Technologies, Inc. was founded in 1867 and is headquartered in Lynchburg, Virginia.

BWXT Income Statement

2022-12-31

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Revenues	$ 2,232,834	$ 2,124,074	$ 2,123,516
Costs and Expenses:
Cost of operations	1,680,899	1,573,797	1,548,119
Research and development costs	9,535	11,059	14,189
Losses (gains) on asset disposals and impairments, net	5,520	(3,532)	(1,361)
Selling, general and administrative expenses	234,282	230,400	231,169
Total Costs and Expenses	1,930,236	1,811,724	1,792,116
Equity in Income of Investees	45,973	33,498	27,152
Operating Income	348,571	345,848	358,552
Other Income (Expense):
Interest income	758	416	518
Interest expense	(36,410)	(35,758)	(31,014)
Other – net	1,458	85,207	34,116
Other Income (Expense)	(34,194)	49,865	3,620
Total before tax	314,377	395,713	362,172
Provision for Income Taxes	75,757	89,425	82,976
Net Income	238,620	306,288	279,196
Net Income Attributable to Noncontrolling Interest	(429)	(417)	(526)
Net Income Attributable to BWX Technologies, Inc.	$ 238,191	$ 305,871	$ 278,670
Basic:
Net income attributable to BWX Technologies, Inc. (USD per share)	$ 2.60	$ 3.24	$ 2.92
Diluted:
Net income attributable to BWX Technologies, Inc. (USD per share)	$ 2.60	$ 3.24	$ 2.91
Shares used in the computation of earnings per share (Note 17):
Basic (in shares)	91,447,088	94,278,894	95,457,193
Diluted (in shares)	91,702,111	94,518,422	95,726,497

BWXT Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current Assets:
Cash and cash equivalents	$ 35,244	$ 33,891
Restricted cash and cash equivalents	2,928	2,896
Investments	3,804	3,811
Accounts receivable – trade, net	60,782	70,663
Accounts receivable – other	26,894	16,651
Retainages	48,566	51,507
Contracts in progress	538,365	546,595
Other current assets	55,036	47,718
Total Current Assets	771,619	773,732
Property, Plant and Equipment, Net	1,134,897	1,045,640
Investments	8,097	9,558
Goodwill	293,165	285,502
Deferred Income Taxes	20,585	21,394
Investments in Unconsolidated Affiliates	100,198	85,284
Intangible Assets	193,612	185,551
Other Assets	96,766	94,719
TOTAL	2,618,939	2,501,380
Current Liabilities:
Current maturities of long-term debt	6,250	0
Accounts payable	127,112	189,842
Accrued employee benefits	61,079	71,835
Accrued liabilities – other	84,693	86,319
Advance billings on contracts	88,726	111,619
Total Current Liabilities	367,860	459,615
Long-Term Debt	1,282,624	1,189,304
Accumulated Postretirement Benefit Obligation	18,157	24,333
Environmental Liabilities	90,989	92,642
Pension Liability	57,832	59,388
Other Liabilities	53,122	38,863
Commitments and Contingencies (Note 10)
Stockholders' Equity:
Common stock, par value $0.01 per share, authorized 325,000,000 shares; issued 127,671,756 and 127,311,985 shares at December 31, 2022 and 2021, respectively	1,277	1,273
Preferred stock, par value $0.01 per share, authorized 75,000,000 shares; no shares issued	0	0
Capital in excess of par value	189,263	174,288
Retained earnings	1,932,970	1,775,751
Treasury stock at cost, 36,417,480 and 35,915,747 shares at December 31, 2022 and 2021, respectively	(1,353,270)	(1,326,280)
Accumulated other comprehensive income (loss)	(21,930)	12,143
Stockholders' Equity – BWX Technologies, Inc.	748,310	637,175
Noncontrolling interest	45	60
Total Stockholders' Equity	748,355	637,235
TOTAL	$ 2,618,939	$ 2,501,380