GAMMA Investing LLC Purchases 155,997 Shares of BWX Technologies, Inc. (NYSE:BWXT)

GAMMA Investing LLC raised its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 9,477.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 157,643 shares of the technology company's stock after buying an additional 155,997 shares during the period. GAMMA Investing LLC owned about 0.17% of BWX Technologies worth $15,551,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Principal Securities Inc. boosted its position in shares of BWX Technologies by 40.4% in the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock worth $35,000 after purchasing an additional 91 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of BWX Technologies by 0.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 25,400 shares of the technology company's stock worth $2,829,000 after purchasing an additional 100 shares during the last quarter. Utah Retirement Systems boosted its position in shares of BWX Technologies by 2.1% in the 4th quarter. Utah Retirement Systems now owns 4,900 shares of the technology company's stock worth $546,000 after purchasing an additional 100 shares during the last quarter. V Square Quantitative Management LLC boosted its position in shares of BWX Technologies by 40.5% in the 4th quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company's stock worth $45,000 after purchasing an additional 117 shares during the last quarter. Finally, Congress Wealth Management LLC DE boosted its position in shares of BWX Technologies by 5.9% in the 4th quarter. Congress Wealth Management LLC DE now owns 2,249 shares of the technology company's stock worth $251,000 after purchasing an additional 125 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BWXT has been the topic of several recent research reports. Bank of America reduced their price target on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, March 26th. William Blair initiated coverage on BWX Technologies in a research report on Wednesday, May 28th. They issued an "outperform" rating on the stock. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Maxim Group reduced their price target on BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, CLSA restated an "outperform" rating and issued a $177.60 price target (up from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $129.84.

BWX Technologies Stock Up 0.7%

Shares of BWXT traded up $0.90 during midday trading on Friday, hitting $129.84. The stock had a trading volume of 730,648 shares, compared to its average volume of 838,439. The company has a 50 day simple moving average of $109.45 and a two-hundred day simple moving average of $111.78. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $136.31. The firm has a market cap 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 debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings results 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. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm had revenue of $682.26 million for the quarter, compared to the consensus estimate of $644.15 million. During the same quarter last year, the business posted $0.76 EPS. The company's revenue for the quarter was up 13.0% on a year-over-year basis. On average, analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

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

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.