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

Advisor Resource Council bought a new position 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 (SEC). The institutional investor bought 21,582 shares of the technology company's stock, valued at approximately $2,129,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BWXT. Ameriflex Group Inc. purchased a new position in BWX Technologies in the 4th quarter worth $34,000. Principal Securities Inc. increased its holdings in shares of BWX Technologies by 40.4% in the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock worth $35,000 after buying an additional 91 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of BWX Technologies by 200.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock valued at $35,000 after acquiring an additional 236 shares during the last quarter. Vermillion Wealth Management Inc. bought a new stake in shares of BWX Technologies in the 4th quarter valued at about $40,000. Finally, Farther Finance Advisors LLC boosted its holdings in 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 period. 94.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BWXT shares. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a research note on Wednesday. CLSA reaffirmed an "outperform" rating and issued a $177.60 target price (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Maxim Group decreased 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. Finally, Wall Street Zen lowered shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $129.84.

BWX Technologies Stock Performance

Shares of BWXT opened at $142.29 on Friday. The company has a 50-day simple moving average of $117.53 and a two-hundred day simple moving average of $112.27. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.02 and a quick ratio of 1.91. The firm has a market capitalization of $13.00 billion, a PE ratio of 45.32, a price-to-earnings-growth ratio of 3.53 and a beta of 0.66. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $145.33.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.18. BWX Technologies had a return on equity of 30.26% and a net margin of 10.39%. The firm had revenue of $682.26 million during the quarter, compared to analyst estimates of $644.15 million. During the same quarter in the prior year, the company earned $0.76 EPS. The business's revenue was up 13.0% compared to the same quarter last year. On average, analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

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

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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