Wealth Enhancement Advisory Services LLC Raises Position in BWX Technologies, Inc. (NYSE:BWXT)

Wealth Enhancement Advisory Services LLC lifted its stake in BWX Technologies, Inc. (NYSE:BWXT) by 343.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,063 shares of the technology company’s stock after buying an additional 25,615 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in BWX Technologies were worth $3,262,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ameriflex Group Inc. purchased a new stake in shares of BWX Technologies in the fourth quarter worth about $34,000. Principal Securities Inc. lifted its stake in shares of BWX Technologies by 40.4% in 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 lifted its stake in shares of BWX Technologies by 200.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company’s stock worth $35,000 after acquiring an additional 236 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new position in shares of BWX Technologies in the fourth quarter worth about $40,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of BWX Technologies by 109.6% in the first quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company’s stock worth $46,000 after acquiring an additional 240 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Trading Up 1.0%

Shares of NYSE BWXT opened at $143.32 on Friday. The stock’s 50 day moving average price is $121.37 and its two-hundred day moving average price is $112.84. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $145.33. The stock has a market capitalization of $13.09 billion, a P/E ratio of 45.64, a PEG ratio of 3.57 and a beta of 0.66. The company has a quick ratio of 1.91, a current ratio of 2.02 and a debt-to-equity ratio of 1.08.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data 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. The firm had revenue of $682.26 million for the quarter, compared to analysts’ expectations of $644.15 million. BWX Technologies had a return on equity of 30.26% and a net margin of 10.39%. BWX Technologies’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 earnings per share. On average, analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Monday, May 19th. BWX Technologies’s payout ratio is 31.85%.

Analysts Set New Price Targets

Several research analysts recently commented on BWXT shares. Seaport Res Ptn upgraded BWX Technologies to a “strong-buy” rating in a research note on Tuesday, April 1st. Bank of America cut their price target on BWX Technologies from $160.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday, March 26th. CLSA reiterated an “outperform” rating and issued a $177.60 price target (up previously from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Wall Street Zen cut BWX Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Finally, Maxim Group cut their price target on BWX Technologies from $140.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $135.09.

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.