Envestnet Asset Management Inc. Boosts Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Envestnet Asset Management Inc. raised its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 3.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 252,887 shares of the technology company’s stock after purchasing an additional 7,255 shares during the period. Envestnet Asset Management Inc. owned 0.28% of BWX Technologies worth $24,947,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of BWX Technologies by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 9,211,924 shares of the technology company’s stock valued at $1,026,116,000 after buying an additional 202,917 shares in the last quarter. Demars Financial Group LLC boosted its stake in BWX Technologies by 9,309.0% in the 4th quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company’s stock worth $499,299,000 after purchasing an additional 4,434,799 shares in the last quarter. Franklin Resources Inc. boosted its stake in BWX Technologies by 8.5% in the 4th quarter. Franklin Resources Inc. now owns 2,315,671 shares of the technology company’s stock worth $257,943,000 after purchasing an additional 182,311 shares in the last quarter. Bessemer Group Inc. boosted its stake in BWX Technologies by 1.6% in the 1st quarter. Bessemer Group Inc. now owns 1,038,223 shares of the technology company’s stock worth $102,419,000 after purchasing an additional 16,262 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in BWX Technologies by 204.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 916,323 shares of the technology company’s stock worth $102,069,000 after purchasing an additional 615,693 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Seaport Res Ptn raised shares of BWX Technologies to a “strong-buy” rating in a report on Tuesday, April 1st. William Blair reissued an “outperform” rating on shares of BWX Technologies in a report on Wednesday, June 18th. Maxim Group cut their price target 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. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $150.00 target price (up previously from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. Finally, Wall Street Zen raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Saturday. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $137.94.

BWX Technologies Price Performance

BWXT opened at $137.61 on Wednesday. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $145.33. The company has a current ratio of 2.02, a quick ratio of 1.91 and a debt-to-equity ratio of 1.08. The firm has a market cap of $12.57 billion, a price-to-earnings ratio of 43.83, a PEG ratio of 3.50 and a beta of 0.70. The company has a fifty day simple moving average of $129.19 and a 200 day simple moving average of $114.85.

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, topping the consensus estimate of $0.73 by $0.18. The company had revenue of $682.26 million for the quarter, compared to analysts’ expectations of $644.15 million. BWX Technologies had a net margin of 10.39% and a return on equity of 30.26%. The business’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS. Equities research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Monday, May 19th. BWX Technologies’s payout ratio is currently 31.85%.

BWX Technologies 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.