Arkfeld Wealth Strategies L.L.C. Boosts Stake in BWX Technologies, Inc. (NYSE:BWXT)

Arkfeld Wealth Strategies L.L.C. lifted its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 24.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,314 shares of the technology company's stock after buying an additional 4,581 shares during the quarter. BWX Technologies makes up approximately 1.0% of Arkfeld Wealth Strategies L.L.C.'s portfolio, making the stock its 23rd biggest holding. Arkfeld Wealth Strategies L.L.C.'s holdings in BWX Technologies were worth $2,427,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Barclays PLC lifted its holdings in shares of BWX Technologies by 59.8% during the 3rd quarter. Barclays PLC now owns 64,525 shares of the technology company's stock worth $7,014,000 after acquiring an additional 24,149 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of BWX Technologies by 28.5% in the fourth quarter. Blue Trust Inc. now owns 1,045 shares of the technology company's stock worth $114,000 after buying an additional 232 shares during the period. Calamos Advisors LLC purchased a new stake in BWX Technologies during the 4th quarter valued at about $954,000. Choreo LLC lifted its position in BWX Technologies by 76.6% in the fourth quarter. Choreo LLC now owns 4,311 shares of the technology company's stock valued at $483,000 after purchasing an additional 1,870 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in BWX Technologies by 20.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,201 shares of the technology company's stock valued at $579,000 after buying an additional 885 shares during the last quarter. 94.39% of the stock is owned by institutional investors.

BWX Technologies Stock Up 0.7%

Shares of BWXT traded up $0.90 during midday trading on Friday, hitting $129.84. 730,648 shares of the company's stock traded hands, compared to its average volume of 838,439. The firm's fifty day moving average is $109.45 and its 200-day moving average is $111.78. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $136.31. The stock has a market capitalization of $11.86 billion, a price-to-earnings ratio of 42.99, a price-to-earnings-growth ratio of 3.20 and a beta of 0.66. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15.

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. The business had revenue of $682.26 million during the quarter, compared to analysts' expectations of $644.15 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company's revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 EPS. As a group, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a $0.25 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a yield of 0.77%. BWX Technologies's dividend payout ratio is currently 31.85%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BWXT. Maxim Group dropped 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. William Blair began coverage on shares of BWX Technologies in a report on Wednesday, May 28th. They set an "outperform" rating for the company. Bank of America cut their price objective on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, March 26th. CLSA restated an "outperform" rating and set a $177.60 target price (up previously from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Finally, Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $129.84.

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.