Wealth Enhancement Advisory Services LLC Purchases 172 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Wealth Enhancement Advisory Services LLC raised its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 2.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 7,448 shares of the technology company’s stock after purchasing an additional 172 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in BWX Technologies were worth $830,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of BWXT. Ameriflex Group Inc. bought a new stake in BWX Technologies during the fourth quarter valued at about $34,000. Principal Securities Inc. grew its holdings in BWX Technologies by 40.4% during the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company’s stock valued at $35,000 after purchasing an additional 91 shares during the period. Vermillion Wealth Management Inc. bought a new stake in BWX Technologies during the fourth quarter valued at about $40,000. V Square Quantitative Management LLC grew its holdings in BWX Technologies by 40.5% during the fourth quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company’s stock valued at $45,000 after purchasing an additional 117 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in BWX Technologies during the fourth quarter valued at about $58,000. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Price Performance

NYSE:BWXT opened at $132.85 on Tuesday. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $12.14 billion, a P/E ratio of 43.99, a P/E/G ratio of 3.20 and a beta of 0.66. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $136.31. The business’s 50-day moving average is $110.07 and its 200 day moving average is $111.51.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.18. The company had revenue of $682.26 million for the quarter, compared to the consensus estimate of $644.15 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.76 earnings per share. On average, equities research analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a $0.25 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.75%. BWX Technologies’s dividend payout ratio is currently 31.85%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BWXT shares. CLSA reissued an “outperform” rating and set a $177.60 price target (up previously from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. Seaport Res Ptn upgraded BWX Technologies to a “strong-buy” rating in a research report on Tuesday, April 1st. Maxim Group lowered their price objective on BWX Technologies from $140.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. William Blair started coverage on BWX Technologies in a research report on Wednesday, May 28th. They issued an “outperform” rating on the stock. Finally, Bank of America lowered their price objective on BWX Technologies from $160.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $129.84.

BWX Technologies Company Profile

BWX Technologies, Inc, together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments, Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.