UMB Bank n.a. Has $90,000 Stake in BWX Technologies, Inc. (NYSE:BWXT)

UMB Bank n.a. lifted its stake in BWX Technologies, Inc. (NYSE:BWXT) by 80.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 915 shares of the technology company’s stock after purchasing an additional 408 shares during the quarter. UMB Bank n.a.’s holdings in BWX Technologies were worth $90,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in BWXT. Ameriflex Group Inc. acquired a new stake in shares of BWX Technologies during the 4th quarter valued at $34,000. Principal Securities Inc. raised its holdings in shares of BWX Technologies by 40.4% during the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company’s stock worth $35,000 after acquiring an additional 91 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in BWX Technologies by 200.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company’s stock valued at $35,000 after purchasing an additional 236 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new position in BWX Technologies in the fourth quarter valued at about $40,000. Finally, V Square Quantitative Management LLC grew its stake in BWX Technologies by 40.5% in 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 in the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BWXT shares. Bank of America reduced their price target on BWX Technologies from $160.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, March 26th. Seaport Res Ptn upgraded shares of BWX Technologies to a “strong-buy” rating in a research note on Tuesday, April 1st. William Blair initiated coverage on shares of BWX Technologies in a research note on Wednesday, May 28th. They set an “outperform” rating on the stock. CLSA restated 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. Finally, Maxim Group decreased their price objective on shares of BWX Technologies from $140.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $129.84.

BWX Technologies Stock Performance

NYSE:BWXT opened at $137.77 on Friday. The firm has a market capitalization of $12.59 billion, a PE ratio of 45.62, a PEG ratio of 3.20 and a beta of 0.66. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $138.51. 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 firm’s fifty day simple moving average is $112.69 and its 200 day simple moving average is $111.86.

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

BWX Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.73%. BWX Technologies’s dividend payout ratio (DPR) is presently 31.85%.

About BWX Technologies

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.