Bessemer Group Inc. Boosts Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Bessemer Group Inc. lifted its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 1.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,038,223 shares of the technology company's stock after acquiring an additional 16,262 shares during the quarter. Bessemer Group Inc. owned 1.14% of BWX Technologies worth $102,419,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ameriflex Group Inc. bought a new stake in shares of BWX Technologies during the 4th quarter valued at about $34,000. Principal Securities Inc. boosted its holdings in shares of BWX Technologies by 40.4% in the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock worth $35,000 after buying an additional 91 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of BWX Technologies by 200.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock worth $35,000 after buying an additional 236 shares during the last quarter. Vermillion Wealth Management Inc. bought a new stake in BWX Technologies during the fourth quarter valued at approximately $40,000. Finally, Farther Finance Advisors LLC increased its holdings in BWX Technologies by 109.6% during the first quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock valued at $46,000 after buying an additional 240 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

BWX Technologies Price Performance

NYSE BWXT traded up $1.59 on Friday, reaching $143.46. The company had a trading volume of 217,304 shares, compared to its average volume of 896,754. The firm's 50 day moving average price is $120.58 and its 200 day moving average price is $112.69. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $145.33. The stock has a market capitalization of $13.11 billion, a PE ratio of 45.76, a price-to-earnings-growth ratio of 3.54 and a beta of 0.66. 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 quarterly earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.18. The company had revenue of $682.26 million for the quarter, compared to analysts' expectations of $644.15 million. BWX Technologies had a net margin of 10.39% and a return on equity of 30.26%. BWX Technologies's quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.76 earnings per share. As a group, equities analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Monday, May 19th. BWX Technologies's dividend payout ratio is currently 31.85%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Seaport Res Ptn upgraded shares of BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Bank of America decreased their target price on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, March 26th. CLSA reissued an "outperform" rating and set a $177.60 price target (up previously from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. Wall Street Zen cut BWX Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Finally, William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, BWX Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $132.33.

BWX Technologies Company 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.