BWX Technologies, Inc. (NYSE:BWXT) Holdings Cut by Demars Financial Group LLC

Demars Financial Group LLC decreased its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 4.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,296,184 shares of the technology company's stock after selling 186,255 shares during the quarter. BWX Technologies comprises about 1.4% of Demars Financial Group LLC's investment portfolio, making the stock its 13th biggest position. Demars Financial Group LLC owned about 4.70% of BWX Technologies worth $423,819,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Sowell Financial Services LLC purchased a new position in BWX Technologies during the first quarter worth approximately $460,000. Exchange Traded Concepts LLC grew its position in BWX Technologies by 13.2% during the first quarter. Exchange Traded Concepts LLC now owns 32,345 shares of the technology company's stock valued at $3,191,000 after acquiring an additional 3,778 shares during the period. Tcfg Wealth Management LLC increased its stake in BWX Technologies by 21.1% during the first quarter. Tcfg Wealth Management LLC now owns 10,800 shares of the technology company's stock worth $1,065,000 after acquiring an additional 1,880 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in BWX Technologies by 13.9% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 555,300 shares of the technology company's stock worth $54,782,000 after acquiring an additional 67,670 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of 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 valued at $3,262,000 after purchasing an additional 25,615 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

BWX Technologies Stock Up 1.0%

NYSE BWXT traded up $1.39 during trading hours on Tuesday, reaching $141.06. 1,626,176 shares of the company traded hands, compared to its average volume of 872,266. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $145.33. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $12.89 billion, a PE ratio of 46.71, a PEG ratio of 3.20 and a beta of 0.66. The company has a 50 day moving average of $114.52 and a two-hundred day moving average of $111.70.

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 business had revenue of $682.26 million for the quarter, compared to analysts' expectations of $644.15 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company's quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.76 earnings per share. As a group, equities analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors 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 0.71%. The ex-dividend date was Monday, May 19th. BWX Technologies's dividend payout ratio is currently 31.85%.

Analyst Upgrades and Downgrades

Several research firms recently commented on BWXT. CLSA restated an "outperform" rating and issued a $177.60 price target (up previously from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. William Blair initiated coverage on shares of BWX Technologies in a report on Wednesday, May 28th. They set an "outperform" rating on the stock. Maxim Group lowered their target price 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. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Finally, Bank of America dropped their price objective on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $129.84.

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.