BWX TECHNOLOGIES, INC.
In the published model solve dated 2026-Q2, anchored at $152.85, BWX TECHNOLOGIES, INC. (BWXT) is priced for today's economics sustained for ~5.8 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Nearly three quarters of revenue comes from Government Operations, where BWXT builds ⟦"precision naval nuclear components, reactors and nuclear fuel"⟧ for the Naval Nuclear Propulsion Program, work protected by classified designs, security clearances and licensing barriers that take years rather than dollars to clear. • The order book was $7,260.7 million at December 31, 2025, but $2,151.3 million of it is unfunded U.S. Government backlog, meaning close to a third of the book depends on money
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805 institutional managers reported holding BWXT in 13F filings for the quarter ended 2026-03-31. Together they hold about 90% of the company; the top 10 hold 42%. 144 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 2.9M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
BWXT has cut its share count 3.9% over the past five years, spending $336.87M on repurchases. It pays a dividend, and has for 13 years running, raised 10 years straight; the current rate is $0.96 a share annually. Cash returned over the past three years: $248.84M in dividends and $99.06M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at BWXT over the trailing three years: 2023: 1 buy totaling $142k. 20 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
BWXT's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-04 | +7.2% | +0.3% |
| 2023-11-02 | +3.4% | -1.3% |
| 2024-02-28 | +12.1% | -4.9% |
| 2024-05-07 | -10.6% | +8.4% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
BWXT's latest 8-K filings: 2026-08-03 (items 2.02, 9.01); 2026-05-05 (items 5.07); 2026-05-04 (items 2.02, 9.01); 2026-02-23 (items 2.02, 9.01); 2026-02-20 (items 5.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.