CHICAGO TRUST Co NA Acquires New Holdings in BWX Technologies, Inc. (NYSE:BWXT)

CHICAGO TRUST Co NA acquired a new position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 3,585 shares of the technology company's stock, valued at approximately $354,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Choreo LLC grew its stake in shares of BWX Technologies by 76.6% in the fourth quarter. Choreo LLC now owns 4,311 shares of the technology company's stock worth $483,000 after purchasing an additional 1,870 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in BWX Technologies by 20.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,201 shares of the technology company's stock worth $579,000 after buying an additional 885 shares during the period. Empowered Funds LLC grew its position in shares of BWX Technologies by 19.5% in the 4th quarter. Empowered Funds LLC now owns 4,839 shares of the technology company's stock worth $539,000 after buying an additional 788 shares during the last quarter. Stephens Inc. AR increased its stake in shares of BWX Technologies by 14.5% during the fourth quarter. Stephens Inc. AR now owns 16,530 shares of the technology company's stock valued at $1,841,000 after buying an additional 2,097 shares during the period. Finally, Kestra Private Wealth Services LLC increased its stake in shares of BWX Technologies by 19.6% during the fourth quarter. Kestra Private Wealth Services LLC now owns 4,102 shares of the technology company's stock valued at $457,000 after buying an additional 673 shares during the period. Institutional investors own 94.39% of the company's stock.

BWX Technologies Stock Down 0.6%

Shares of NYSE BWXT traded down $0.82 during trading on Tuesday, reaching $131.80. The company had a trading volume of 1,928,408 shares, compared to its average volume of 847,048. The business's 50-day moving average is $110.07 and its 200 day moving average is $111.51. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. The stock has a market cap of $12.04 billion, a PE ratio of 43.64, a P/E/G ratio of 3.20 and a beta of 0.66. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $136.31.

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 10.32% and a return on equity of 31.95%. The firm had revenue of $682.26 million for the quarter, compared to analysts' expectations of $644.15 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. The business's revenue for the quarter was up 13.0% on a year-over-year basis. As a group, equities analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently declared 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 0.76%. The ex-dividend date of this dividend was Monday, May 19th. BWX Technologies's payout ratio is currently 31.85%.

Analyst Ratings Changes

A number of research analysts have issued reports on BWXT shares. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Maxim Group cut their target price on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. CLSA reissued an "outperform" rating and issued a $177.60 price target (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Bank of America lowered their price objective on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, March 26th. Finally, William Blair initiated coverage on BWX Technologies in a report on Wednesday, May 28th. They set an "outperform" rating on the stock. One research 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's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $129.84.

About BWX Technologies

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.