Chevy Chase Trust Holdings LLC Purchases New Stake in BWX Technologies, Inc. (NYSE:BWXT)

Chevy Chase Trust Holdings LLC bought a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 92,171 shares of the technology company's stock, valued at approximately $9,093,000. Chevy Chase Trust Holdings LLC owned approximately 0.10% of BWX Technologies as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ameriflex Group Inc. bought a new position in shares of BWX Technologies during the fourth quarter valued at about $34,000. Principal Securities Inc. lifted its position in shares of BWX Technologies by 40.4% during the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock valued at $35,000 after purchasing an additional 91 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of BWX Technologies by 200.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock valued at $35,000 after purchasing an additional 236 shares in the last quarter. Vermillion Wealth Management Inc. bought a new position in shares of BWX Technologies during the fourth quarter valued at about $40,000. Finally, Farther Finance Advisors LLC lifted its position in shares of BWX Technologies by 109.6% during the first quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock valued at $46,000 after purchasing an additional 240 shares in the last quarter. 94.39% of the stock is owned by institutional investors.

BWX Technologies Trading Up 1.0%

Shares of BWX Technologies stock traded up $1.45 during trading on Friday, reaching $143.32. The company's stock had a trading volume of 1,326,136 shares, compared to its average volume of 901,070. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $145.33. The company has a market cap of $13.09 billion, a price-to-earnings ratio of 45.64, a PEG ratio of 3.54 and a beta of 0.66. The firm's 50-day moving average is $120.58 and its two-hundred day moving average is $112.69. 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 (NYSE:BWXT - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.18. BWX Technologies had a net margin of 10.39% and a return on equity of 30.26%. The company had revenue of $682.26 million during the quarter, compared to analyst estimates of $644.15 million. During the same period in the prior year, the business posted $0.76 EPS. The firm's revenue was up 13.0% compared to the same quarter last year. On average, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a yield of 0.70%. BWX Technologies's dividend payout ratio is currently 31.85%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. CLSA reaffirmed an "outperform" rating and issued a $177.60 price objective (up previously from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. Wall Street Zen lowered shares of BWX Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Maxim Group lowered their price target on shares of 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, William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, BWX Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $132.33.

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.