Cerity Partners LLC decreased its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 21.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,368 shares of the technology company's stock after selling 3,709 shares during the quarter. Cerity Partners LLC's holdings in BWX Technologies were worth $1,319,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Vontobel Holding Ltd. acquired a new position in BWX Technologies in the 1st quarter worth approximately $383,000. Synergy Asset Management LLC acquired a new position in BWX Technologies during the first quarter valued at $296,000. Clear Creek Financial Management LLC purchased a new stake in BWX Technologies in the 1st quarter worth about $223,000. Artemis Investment Management LLP acquired a new position in BWX Technologies in the 1st quarter valued at approximately $19,331,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in BWX Technologies by 343.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 33,063 shares of the technology company's stock worth $3,262,000 after buying an additional 25,615 shares in the last quarter. Institutional investors own 94.39% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the stock. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Bank of America dropped their target price 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. Wall Street Zen raised BWX Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $150.00 price target (up from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. Finally, CLSA reaffirmed an "outperform" rating and set 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 assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $137.94.
Check Out Our Latest Stock Report on BWXT
BWX Technologies Stock Performance
Shares of BWX Technologies stock traded up $0.68 during trading on Thursday, reaching $144.05. The company's stock had a trading volume of 297,548 shares, compared to its average volume of 1,091,248. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $145.33. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.91 and a current ratio of 2.02. The firm has a market cap of $13.16 billion, a price-to-earnings ratio of 45.84, a price-to-earnings-growth ratio of 3.54 and a beta of 0.70. The business's fifty day moving average price is $133.26 and its 200-day moving average price is $116.06.
BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 EPS 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 the consensus estimate of $644.15 million. BWX Technologies had a return on equity of 30.26% and a net margin of 10.39%. The company's revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 EPS. As a group, equities research analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.
BWX Technologies Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given 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 0.69%. BWX Technologies's dividend payout ratio is 31.85%.
About BWX Technologies
(
Free Report)
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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