Bayforest Capital Ltd Has $382,000 Position in BWX Technologies, Inc. (NYSE:BWXT)

Key Points

• Bayforest Capital Ltd increased its stake in BWX Technologies, Inc. by 641.3%, owning 3,877 shares worth $382,000 as of its latest SEC filing.
• BWX Technologies recently reported $0.91 earnings per share, exceeding analysts' expectations of $0.73, and experienced a 13% revenue increase year-over-year.
• The company declared a quarterly dividend of $0.25 per share, with a current dividend yield of 0.7%.

Bayforest Capital Ltd increased its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 641.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,877 shares of the technology company's stock after acquiring an additional 3,354 shares during the period. Bayforest Capital Ltd's holdings in BWX Technologies were worth $382,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Ameriflex Group Inc. acquired a new position in BWX Technologies in the fourth quarter valued at about $34,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of BWX Technologies by 200.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock worth $35,000 after acquiring an additional 236 shares in the last quarter. Vermillion Wealth Management Inc. bought a new stake in BWX Technologies during the 4th quarter worth approximately $40,000. Farther Finance Advisors LLC grew its position 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 acquiring an additional 240 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. increased its holdings in BWX Technologies by 194.0% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 632 shares of the technology company's stock valued at $63,000 after purchasing an additional 417 shares in the last quarter. Institutional investors own 94.39% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. William Blair reissued an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $150.00 price objective (up previously from $119.00) on shares of BWX Technologies in a research report on Tuesday, July 8th. Maxim Group reduced their target price on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Wall Street Zen raised shares of BWX Technologies from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Finally, CLSA restated an "outperform" rating and issued a $177.60 price objective (up previously from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock 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 mid-day trading on Friday, hitting $149.59. The company's stock had a trading volume of 1,375,786 shares, compared to its average volume of 944,505. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.02 and a quick ratio of 1.91. The stock 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. The company's fifty day simple moving average is $138.70 and its 200-day simple moving average is $117.72. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $153.53.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its earnings results on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.18. The firm had revenue of $682.26 million during the quarter, compared to analyst estimates of $644.15 million. BWX Technologies had a net margin of 10.39% and a return on equity of 30.26%. 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 business earned $0.76 EPS. On average, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal 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 paid 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 0.7%. BWX Technologies's dividend payout ratio is presently 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.