Blair William & Co. IL Has $77.24 Million Stake in BWX Technologies, Inc. (NYSE:BWXT)

Key Points

• Blair William & Co. IL increased its stake in BWX Technologies by 84.3%, owning approximately 782,991 shares worth $77.24 million.
• BWX Technologies reported earnings of $0.91 per share for the last quarter, exceeding the expected earnings estimate of $0.73.
• The company announced a quarterly dividend of $0.25 per share, yielding 0.7%, with a payout ratio of 31.85%.

Blair William & Co. IL increased its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 84.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 782,991 shares of the technology company's stock after acquiring an additional 358,170 shares during the period. Blair William & Co. IL owned about 0.86% of BWX Technologies worth $77,242,000 at the end of the most recent reporting period.

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

BWX Technologies Stock Performance

NYSE:BWXT opened at $149.59 on Friday. 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, Inc. has a twelve month low of $84.21 and a twelve month high of $153.53. The company has a fifty day moving average of $138.70 and a 200-day moving average of $117.72. The firm has a market capitalization of $13.67 billion, a P/E ratio of 47.64, a P/E/G ratio of 3.78 and a beta of 0.73.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.18. BWX Technologies had a net margin of 10.39% and a return on equity of 30.26%. The firm had revenue of $682.26 million during the quarter, compared to the consensus estimate of $644.15 million. During the same period in the previous year, the firm posted $0.76 earnings per share. The business's revenue was up 13.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, May 19th. BWX Technologies's dividend payout ratio is presently 31.85%.

Analysts Set New Price Targets

Several research analysts have commented on the company. CLSA reaffirmed an "outperform" rating and set a $177.60 target price (up from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. Maxim Group cut their price objective on BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. William Blair reissued an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $150.00 price target (up previously from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. Finally, Wall Street Zen upgraded shares of BWX Technologies from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. One analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $137.94.

BWX Technologies 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.

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