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21,582 Shares in BWX Technologies, Inc. (NYSE:BWXT) Acquired by Advisor Resource Council

BWX Technologies logo with Aerospace background

Advisor Resource Council acquired a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,582 shares of the technology company's stock, valued at approximately $2,129,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ameriflex Group Inc. bought a new stake in shares of BWX Technologies in the 4th quarter worth $34,000. Principal Securities Inc. increased its holdings in BWX Technologies by 40.4% in the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock worth $35,000 after buying an additional 91 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in BWX Technologies by 200.0% in the 1st 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 last quarter. Vermillion Wealth Management Inc. bought a new position in BWX Technologies during the 4th quarter valued at about $40,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of BWX Technologies by 109.6% during the 1st quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock valued at $46,000 after acquiring an additional 240 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BWXT. William Blair restated an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. Maxim Group dropped their price objective on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. CLSA reissued an "outperform" rating and set a $177.60 price objective (up previously from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. Finally, Wall Street Zen downgraded BWX Technologies from a "buy" rating to a "hold" rating in a research report on Saturday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $129.84.

Check Out Our Latest Stock Report on BWX Technologies

BWX Technologies Price Performance

BWXT traded up $0.33 during trading on Tuesday, hitting $142.39. 1,126,688 shares of the company traded hands, compared to its average volume of 891,774. 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 has a market cap of $13.01 billion, a PE ratio of 45.35, a P/E/G ratio of 3.58 and a beta of 0.66. The stock's 50-day simple moving average is $118.30 and its two-hundred day simple moving average is $112.15. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $145.33.

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 the consensus estimate of $0.73 by $0.18. BWX Technologies had a net margin of 10.39% and a return on equity of 30.26%. The business had revenue of $682.26 million during the quarter, compared to analyst estimates of $644.15 million. During the same quarter last year, the business earned $0.76 earnings per share. BWX Technologies's quarterly revenue was up 13.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend was Monday, May 19th. BWX Technologies's payout ratio is currently 31.85%.

BWX Technologies Profile

(Free Report)

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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Institutional Ownership by Quarter for BWX Technologies (NYSE:BWXT)

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