Allianz Asset Management GmbH Invests $486,000 in BWX Technologies, Inc. (NYSE:BWXT)

Key Points

• Allianz Asset Management GmbH has acquired 4,928 shares of BWX Technologies, Inc., valued at approximately $486,000, marking a significant investment in the company during the 1st quarter.
• BWX Technologies reported a 13.0% increase in quarterly revenue year-over-year, with earnings per share of $0.91, exceeding analysts' expectations of $0.73.
• The company recently announced a dividend of $0.25 per share, resulting in an annualized dividend of $1.00 and a yield of 0.7%.

Allianz Asset Management GmbH acquired a new stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,928 shares of the technology company's stock, valued at approximately $486,000.

A number of other large investors also recently modified their holdings of BWXT. Ameriflex Group Inc. acquired a new stake in BWX Technologies during the 4th quarter worth $34,000. MassMutual Private Wealth & Trust FSB boosted its stake in BWX Technologies by 200.0% during the 1st 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. acquired a new stake in BWX Technologies during the 4th quarter worth $40,000. Farther Finance Advisors LLC boosted its stake in BWX Technologies by 109.6% during the 1st quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock worth $46,000 after purchasing an additional 240 shares during the period. Finally, Altshuler Shaham Ltd acquired a new stake in BWX Technologies during the 4th quarter worth $70,000. 94.39% of the stock is owned by hedge funds and other institutional investors.

BWX Technologies Trading Up 17.5%

Shares of NYSE:BWXT traded up $27.04 during trading on Tuesday, reaching $181.55. The stock had a trading volume of 4,753,100 shares, compared to its average volume of 1,119,502. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $189.25. The business has a fifty day moving average price of $139.39 and a 200-day moving average price of $117.92. The stock has a market cap of $16.59 billion, a P/E ratio of 57.82, a PEG ratio of 3.78 and a beta of 0.73. The company has a quick ratio of 1.91, a current ratio of 2.02 and a debt-to-equity ratio of 1.08.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.23. BWX Technologies had a net margin of 10.39% and a return on equity of 30.26%. The firm had revenue of $764.00 million for the quarter, compared to analyst estimates of $708.00 million. During the same quarter last year, the business earned $0.82 earnings per share. BWX Technologies's revenue was up 12.1% compared to the same quarter last year. As a group, analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on BWXT shares. Maxim Group reduced their target price on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. CLSA restated an "outperform" rating and issued a $177.60 target price (up previously from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Truist Financial raised their target price on shares of BWX Technologies from $114.00 to $145.00 and gave the stock a "hold" rating in a research note on Tuesday. Wall Street Zen upgraded shares of BWX Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Finally, William Blair restated an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, BWX Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $142.37.

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.