195,952 Shares in BWX Technologies, Inc. (NYSE:BWXT) Purchased by Artemis Investment Management LLP

Artemis Investment Management LLP purchased a new stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 195,952 shares of the technology company's stock, valued at approximately $19,331,000. Artemis Investment Management LLP owned approximately 0.21% of BWX Technologies as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Western Wealth Management LLC acquired a new position in BWX Technologies in the first quarter worth about $236,000. Sequoia Financial Advisors LLC lifted its holdings in shares of BWX Technologies by 9.4% during the first quarter. Sequoia Financial Advisors LLC now owns 43,322 shares of the technology company's stock valued at $4,274,000 after acquiring an additional 3,716 shares during the period. Golden State Wealth Management LLC grew its holdings in shares of BWX Technologies by 117.8% in the 1st quarter. Golden State Wealth Management LLC now owns 7,786 shares of the technology company's stock worth $768,000 after purchasing an additional 4,211 shares during the last quarter. Bessemer Group Inc. lifted its holdings in BWX Technologies by 1.6% during the 1st quarter. Bessemer Group Inc. now owns 1,038,223 shares of the technology company's stock valued at $102,419,000 after purchasing an additional 16,262 shares during the last quarter. Finally, Harbour Capital Advisors LLC grew its stake in BWX Technologies by 63.1% during the first quarter. Harbour Capital Advisors LLC now owns 3,710 shares of the technology company's stock worth $354,000 after buying an additional 1,435 shares during the last quarter. Institutional investors own 94.39% of the company's stock.

BWX Technologies Trading Up 0.8%

Shares of NYSE BWXT opened at $142.01 on Friday. The stock has a market cap of $12.97 billion, a price-to-earnings ratio of 45.22, a P/E/G ratio of 3.54 and a beta of 0.66. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $145.33. The company has a quick ratio of 1.91, a current ratio of 2.02 and a debt-to-equity ratio of 1.08. The company's fifty day moving average is $120.58 and its 200-day moving average is $112.69.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.18. The company had revenue of $682.26 million during 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 quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 earnings per share. Equities research analysts predict 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. 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 0.70%. BWX Technologies's payout ratio is currently 31.85%.

Analyst Ratings Changes

A number of research firms have commented on BWXT. Bank of America reduced their price objective 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 reaffirmed an "outperform" rating and issued a $177.60 price target (up from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. Wall Street Zen lowered shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. Finally, Seaport Res Ptn upgraded shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $132.33.

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.

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