4,667 Shares in BWX Technologies, Inc. (NYSE:BWXT) Bought by Sowell Financial Services LLC

Sowell Financial Services LLC purchased a new position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,667 shares of the technology company's stock, valued at approximately $460,000.

A number of other hedge funds also recently modified their holdings of BWXT. Ameriflex Group Inc. bought a new position in shares of BWX Technologies in the fourth quarter worth $34,000. Principal Securities Inc. increased its position 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 purchasing an additional 91 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of BWX Technologies by 200.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock worth $35,000 after purchasing an additional 236 shares during the period. Vermillion Wealth Management Inc. bought a new position in shares of BWX Technologies in the fourth quarter worth $40,000. Finally, Farther Finance Advisors LLC boosted its stake in BWX Technologies by 109.6% in the first quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock valued at $46,000 after buying an additional 240 shares in the last quarter. Institutional investors own 94.39% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on BWXT. Wall Street Zen lowered BWX Technologies from a "buy" rating to a "hold" rating in a research note on Saturday. 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. Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Maxim Group reduced their price objective on BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, CLSA reaffirmed an "outperform" rating and issued a $177.60 price objective (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $129.84.

BWX Technologies Price Performance

BWX Technologies stock opened at $142.29 on Friday. 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 capitalization of $13.00 billion, a PE ratio of 45.32, a P/E/G ratio of 3.53 and a beta of 0.66. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $145.33. The stock has a 50-day moving average price of $117.53 and a two-hundred day moving average price of $112.27.

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

BWX Technologies Announces Dividend

The business 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 of this dividend was Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.70%. BWX Technologies's dividend payout ratio (DPR) is 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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