HB Wealth Management LLC Makes New Investment in BWX Technologies, Inc. (NYSE:BWXT)

HB Wealth Management LLC purchased a new position in shares of BWX Technologies, Inc. (NYSE:BWXT) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,578 shares of the technology company’s stock, valued at approximately $353,000.

Other institutional investors have also modified their holdings of the company. Ameriflex Group Inc. acquired a new stake in shares of BWX Technologies in the 4th quarter valued at about $34,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of BWX Technologies by 200.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company’s stock worth $35,000 after buying an additional 236 shares during the period. Vermillion Wealth Management Inc. bought a new position in shares of BWX Technologies during the fourth quarter worth about $40,000. Farther Finance Advisors LLC raised its position in BWX Technologies by 109.6% in the 1st quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company’s stock valued at $46,000 after buying an additional 240 shares during the last quarter. Finally, Altshuler Shaham Ltd bought a new stake in BWX Technologies in the 4th quarter valued at approximately $70,000. Institutional investors own 94.39% of the company’s stock.

Wall Street Analysts Forecast Growth

BWXT has been the subject of a number of recent research reports. CLSA reaffirmed an “outperform” rating and set a $177.60 price target (up previously from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. Maxim Group cut their price objective on shares of BWX Technologies from $140.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $150.00 target price (up previously from $119.00) on shares of BWX Technologies in a research report on Tuesday, July 8th. Wall Street Zen raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 12th. Finally, William Blair restated an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, June 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $137.94.

BWX Technologies Price Performance

Shares of BWXT opened at $149.59 on Friday. 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 company’s fifty day simple moving average is $138.70 and its 200 day simple moving average is $117.72. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $153.53. The company has a market cap of $13.67 billion, a price-to-earnings ratio of 47.64, a PEG ratio of 3.84 and a beta of 0.73.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.18. The company had revenue of $682.26 million during the quarter, compared to the consensus estimate of $644.15 million. BWX Technologies had a net margin of 10.39% and a return on equity of 30.26%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 EPS. On average, research analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a $0.25 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.00 annualized dividend and a yield of 0.7%. BWX Technologies’s dividend payout ratio is currently 31.85%.

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.