Sowell Financial Services LLC Purchases Shares of 4,667 BWX Technologies, Inc. (NYSE:BWXT)

Sowell Financial Services LLC bought a new position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,667 shares of the technology company's stock, valued at approximately $460,000.

Other hedge funds also recently made changes to their positions in the company. Exchange Traded Concepts LLC boosted its holdings in BWX Technologies by 13.2% in the first quarter. Exchange Traded Concepts LLC now owns 32,345 shares of the technology company's stock worth $3,191,000 after purchasing an additional 3,778 shares during the period. Tcfg Wealth Management LLC boosted its holdings in shares of BWX Technologies by 21.1% in the 1st quarter. Tcfg Wealth Management LLC now owns 10,800 shares of the technology company's stock valued at $1,065,000 after buying an additional 1,880 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of BWX Technologies by 13.9% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 555,300 shares of the technology company's stock valued at $54,782,000 after buying an additional 67,670 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of BWX Technologies by 343.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 33,063 shares of the technology company's stock valued at $3,262,000 after buying an additional 25,615 shares during the last quarter. Finally, Aubrey Capital Management Ltd acquired a new stake in BWX Technologies during the first quarter worth about $585,000. Institutional investors and hedge funds own 94.39% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on BWXT. CLSA restated 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. William Blair restated an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. Wall Street Zen downgraded BWX Technologies from a "buy" rating to a "hold" rating in a research note on Saturday. Bank of America cut their target price 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. Finally, Maxim Group reduced their price target 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. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $129.84.

BWX Technologies Stock Up 0.2%

Shares of NYSE BWXT traded up $0.33 during mid-day trading on Tuesday, reaching $142.39. The company had a trading volume of 1,126,688 shares, compared to its average volume of 891,774. The stock has a fifty day moving average of $118.30 and a two-hundred day moving average of $112.15. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $145.33. The company has a market capitalization of $13.01 billion, a price-to-earnings ratio of 45.35, a PEG ratio of 3.58 and a beta of 0.66. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.91 and a current ratio of 2.02.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its earnings results on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.18. The firm had revenue of $682.26 million for the quarter, compared to the consensus estimate of $644.15 million. BWX Technologies had a return on equity of 30.26% and a net margin of 10.39%. The business's quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 earnings per share. 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 business also recently announced 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. The ex-dividend date was Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a yield of 0.70%. BWX Technologies's payout ratio is currently 31.85%.

BWX Technologies 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.