2,045 Shares in BWX Technologies, Inc. (NYSE:BWXT) Bought by Merit Financial Group LLC

Merit Financial Group LLC bought a new position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,045 shares of the technology company's stock, valued at approximately $202,000.

A number of other large investors also recently modified their holdings of the business. Demars Financial Group LLC grew its holdings in BWX Technologies by 9,309.0% during the fourth quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company's stock worth $499,299,000 after acquiring an additional 4,434,799 shares during the period. Raymond James Financial Inc. acquired a new stake in BWX Technologies during the 4th quarter worth about $69,730,000. Balyasny Asset Management L.P. raised its stake in shares of BWX Technologies by 204.8% during 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. Blair William & Co. IL raised its stake in shares of BWX Technologies by 949.0% during the 4th quarter. Blair William & Co. IL now owns 424,821 shares of the technology company's stock worth $47,321,000 after purchasing an additional 384,323 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of BWX Technologies by 248.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 453,680 shares of the technology company's stock worth $50,537,000 after purchasing an additional 323,445 shares in the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

BWX Technologies Trading Up 0.2%

BWXT stock opened at $138.00 on Friday. The company has a market cap of $12.61 billion, a P/E ratio of 45.69, a PEG ratio of 3.20 and a beta of 0.66. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $139.54. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. The business has a fifty day moving average of $113.59 and a 200-day moving average of $111.90.

BWX Technologies (NYSE:BWXT - Get Free Report) last released 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. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business had revenue of $682.26 million during the quarter, compared to the consensus estimate of $644.15 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. The firm's revenue was up 13.0% on a year-over-year basis. As a group, equities research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Monday, May 19th. This represents a $1.00 annualized dividend and a dividend yield of 0.72%. BWX Technologies's dividend payout ratio is currently 31.85%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Bank of America dropped their price target on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research report 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 research report on Tuesday, May 27th. Maxim Group decreased their price objective on BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, William Blair assumed coverage on BWX Technologies in a research note on Wednesday, May 28th. They issued an "outperform" rating on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $129.84.

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.

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