Allianz Asset Management GmbH Purchases Shares of 4,928 BWX Technologies, Inc. (NYSE:BWXT)

Allianz Asset Management GmbH acquired a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,928 shares of the technology company’s stock, valued at approximately $486,000.

Several other institutional investors and hedge funds have also bought and sold shares of BWXT. Utah Retirement Systems lifted its stake in shares of BWX Technologies by 2.1% in the 4th quarter. Utah Retirement Systems now owns 4,900 shares of the technology company’s stock valued at $546,000 after purchasing an additional 100 shares during the period. Gateway Investment Advisers LLC grew its holdings in shares of BWX Technologies by 6.0% in the first quarter. Gateway Investment Advisers LLC now owns 2,154 shares of the technology company’s stock worth $212,000 after acquiring an additional 121 shares during the period. Miracle Mile Advisors LLC grew its holdings in shares of BWX Technologies by 0.8% in the first quarter. Miracle Mile Advisors LLC now owns 18,669 shares of the technology company’s stock worth $1,842,000 after acquiring an additional 151 shares during the period. Xponance Inc. grew its holdings in BWX Technologies by 1.4% during the first quarter. Xponance Inc. now owns 12,176 shares of the technology company’s stock valued at $1,201,000 after purchasing an additional 168 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in BWX Technologies by 2.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,448 shares of the technology company’s stock valued at $830,000 after purchasing an additional 172 shares during the period. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Price Performance

Shares of BWXT opened at $149.59 on Friday. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $153.53. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.91 and a current ratio of 2.02. The company has a market capitalization of $13.67 billion, a P/E ratio of 47.64, a P/E/G ratio of 3.78 and a beta of 0.73. The business’s 50-day moving average is $138.70 and its two-hundred day moving average is $117.72.

BWX Technologies (NYSE:BWXT) last posted its earnings results 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 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%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the firm earned $0.76 EPS. Research analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.