BWX Technologies, Inc. (NYSE:BWXT) Shares Bought by Westwood Holdings Group Inc.

Key Points

• Westwood Holdings Group Inc. increased its holdings in BWX Technologies by 279.0%, purchasing an additional 705,648 shares, bringing its total to 958,563 shares worth approximately $94.56 million.
• Several institutions have adjusted their positions in BWX Technologies, with 94.39% of the stock now owned by institutional investors.
• Analysts have given BWX Technologies an average rating of "Moderate Buy" with an average target price of $137.94, reflecting a generally positive outlook despite some mixed ratings.

Westwood Holdings Group Inc. lifted its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 279.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 958,563 shares of the technology company's stock after purchasing an additional 705,648 shares during the period. Westwood Holdings Group Inc. owned about 1.05% of BWX Technologies worth $94,562,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameriflex Group Inc. purchased a new stake in shares of BWX Technologies during the fourth quarter valued at $34,000. MassMutual Private Wealth & Trust FSB raised its holdings in BWX Technologies by 200.0% during the 1st 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 period. HHM Wealth Advisors LLC lifted its stake in BWX Technologies by 34.5% during the first quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock valued at $38,000 after buying an additional 100 shares in the last quarter. Vermillion Wealth Management Inc. purchased a new stake in BWX Technologies during the fourth quarter valued at about $40,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of BWX Technologies by 109.6% in the first quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock worth $46,000 after buying an additional 240 shares during the period. 94.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. CLSA restated 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 raised shares of BWX Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft reiterated 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, Maxim Group reduced their price objective on BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. One equities 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $137.94.

BWX Technologies Trading Up 3.5%

NYSE BWXT opened at $154.74 on Tuesday. The company has a current ratio of 2.02, a quick ratio of 1.91 and a debt-to-equity ratio of 1.08. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $154.78. The firm's fifty day simple moving average is $139.39 and its 200-day simple moving average is $117.92. The company has a market capitalization of $14.14 billion, a PE ratio of 49.28, a price-to-earnings-growth ratio of 3.78 and a beta of 0.73.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.23. BWX Technologies had a return on equity of 30.26% and a net margin of 10.39%. The company had revenue of $764.00 million for the quarter, compared to analyst estimates of $708.00 million. During the same period in the prior year, the firm posted $0.82 EPS. The business's revenue was up 12.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

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.

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