Aubrey Capital Management Ltd Invests $585,000 in BWX Technologies, Inc. (NYSE:BWXT)

Aubrey Capital Management Ltd acquired a new position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,900 shares of the technology company's stock, valued at approximately $585,000.

A number of other institutional investors have also made changes to their positions in BWXT. PFG Advisors grew its position in BWX Technologies by 69.1% during the fourth quarter. PFG Advisors now owns 17,514 shares of the technology company's stock worth $1,951,000 after buying an additional 7,154 shares in the last quarter. Royal Bank of Canada lifted its position in shares of BWX Technologies by 7.2% in the 4th quarter. Royal Bank of Canada now owns 253,390 shares of the technology company's stock worth $28,225,000 after acquiring an additional 16,961 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of BWX Technologies during the 4th quarter worth approximately $58,000. ARK Investment Management LLC acquired a new stake in shares of BWX Technologies during the 4th quarter worth approximately $10,573,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of BWX Technologies during the 4th quarter worth approximately $1,687,000. 94.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. William Blair assumed coverage on BWX Technologies in a report on Wednesday, May 28th. They set an "outperform" rating on the stock. CLSA reissued an "outperform" rating and set a $177.60 price objective (up previously from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. Maxim Group decreased their price objective on BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Bank of America decreased their price objective on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, March 26th. Finally, Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $129.84.

BWX Technologies Price Performance

BWXT stock traded up $1.50 during trading on Monday, hitting $139.57. The company had a trading volume of 2,404,231 shares, compared to its average volume of 869,251. The company has a fifty day moving average price of $114.52 and a two-hundred day moving average price of $111.70. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The company has a market cap of $12.75 billion, a P/E ratio of 46.21, a P/E/G ratio of 3.20 and a beta of 0.66. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $145.33.

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, beating the consensus estimate of $0.73 by $0.18. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm had revenue of $682.26 million during the quarter, compared to the consensus estimate of $644.15 million. During the same quarter in the previous year, the company posted $0.76 EPS. The business's revenue for the quarter was up 13.0% compared to the same quarter last year. Equities research analysts expect 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. Shareholders of record on Monday, May 19th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.00 annualized dividend and a yield of 0.72%. BWX Technologies's payout ratio is 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.