Vontobel Holding Ltd. Purchases New Stake in BWX Technologies, Inc. (NYSE:BWXT)

Vontobel Holding Ltd. bought a new position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,886 shares of the technology company's stock, valued at approximately $383,000.

Other hedge funds also recently made changes to their positions in the company. Ameriflex Group Inc. purchased a new position in BWX Technologies during the 4th quarter valued at about $34,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of BWX Technologies by 200.0% during the first 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 in the last quarter. Vermillion Wealth Management Inc. purchased a new stake in shares of BWX Technologies during the fourth quarter worth about $40,000. Farther Finance Advisors LLC grew its holdings in shares of BWX Technologies by 109.6% during the first quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock worth $46,000 after buying an additional 240 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of BWX Technologies during the fourth quarter worth about $58,000. Institutional investors and hedge funds own 94.39% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on BWXT shares. William Blair reiterated an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. Wall Street Zen downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $150.00 price target (up from $119.00) on shares of BWX Technologies in a report on Tuesday. Maxim Group lowered their target price on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, CLSA reaffirmed an "outperform" rating and set a $177.60 price target (up from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $137.94.

BWX Technologies Stock Up 0.5%

Shares of NYSE BWXT traded up $0.68 during trading on Friday, reaching $137.13. 614,327 shares of the stock were exchanged, compared to its average volume of 926,601. The business's 50-day moving average price is $127.58 and its 200 day moving average price is $114.32. 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 has a market capitalization of $12.53 billion, a price-to-earnings ratio of 43.67, a price-to-earnings-growth ratio of 3.46 and a beta of 0.70.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its earnings results on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $644.15 million. During the same period in the previous year, the company posted $0.76 earnings per share. The business's revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, equities analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a $0.25 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.00 annualized dividend and a yield of 0.73%. BWX Technologies's dividend payout ratio is presently 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.