Banque Cantonale Vaudoise Acquires New Position in BWX Technologies, Inc. (NYSE:BWXT)

Key Points

• Banque Cantonale Vaudoise has invested approximately $917,000 in BWX Technologies, acquiring 9,298 shares in the company during the first quarter of the year.
• Analysts are optimistic, with several firms adjusting their price targets; Deutsche Bank raised its target from $119.00 to $150.00, and CLSA increased their target from $153.00 to $177.60, indicating a strong market sentiment.
• BWX Technologies reported a 13% year-over-year revenue increase in its latest quarterly earnings, achieving $682.26 million and exceeding analyst expectations.

Banque Cantonale Vaudoise purchased a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,298 shares of the technology company's stock, valued at approximately $917,000.

Other institutional investors have also modified their holdings of the company. Demars Financial Group LLC increased its stake in shares of BWX Technologies by 9,309.0% in the fourth quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company's stock valued at $499,299,000 after purchasing an additional 4,434,799 shares during the period. Balyasny Asset Management L.P. grew its holdings in BWX Technologies by 204.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 916,323 shares of the technology company's stock worth $102,069,000 after buying an additional 615,693 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in BWX Technologies by 248.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 453,680 shares of the technology company's stock valued at $50,537,000 after acquiring an additional 323,445 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in BWX Technologies by 6,116.6% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 323,326 shares of the technology company's stock valued at $31,896,000 after acquiring an additional 318,125 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. bought a new stake in BWX Technologies during the 1st quarter valued at $31,318,000. Institutional investors own 94.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. William Blair restated an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. CLSA reissued 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. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $150.00 price target (up from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. 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, Maxim Group dropped their target price on BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $137.94.

BWX Technologies Trading Down 1.5%

Shares of NYSE:BWXT traded down $2.34 during midday trading on Friday, reaching $149.59. The company had a trading volume of 1,375,786 shares, compared to its average volume of 944,505. The company has a fifty day simple moving average of $138.70 and a two-hundred day simple moving average of $117.72. The firm has a market cap of $13.67 billion, a price-to-earnings ratio of 47.64, a price-to-earnings-growth ratio of 3.84 and a beta of 0.73. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $153.53. 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 posted its quarterly earnings data on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.18. BWX Technologies had a net margin of 10.39% and a return on equity of 30.26%. The company had revenue of $682.26 million during the quarter, compared to analyst estimates of $644.15 million. During the same period in the prior year, the firm earned $0.76 earnings per share. The business's quarterly revenue was up 13.0% on a year-over-year basis. Research analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, May 19th. BWX Technologies's dividend payout ratio is currently 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.