BWX Technologies, Inc. (NYSE:BWXT) Shares Acquired by Compass Wealth Management LLC

Compass Wealth Management LLC lifted its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 13.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,435 shares of the technology company's stock after buying an additional 3,830 shares during the period. Compass Wealth Management LLC's holdings in BWX Technologies were worth $3,101,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Concurrent Investment Advisors LLC lifted its stake in BWX Technologies by 20.6% during the first quarter. Concurrent Investment Advisors LLC now owns 6,381 shares of the technology company's stock worth $630,000 after purchasing an additional 1,088 shares during the last quarter. OneDigital Investment Advisors LLC increased its holdings in BWX Technologies by 15.6% in the first quarter. OneDigital Investment Advisors LLC now owns 62,577 shares of the technology company's stock valued at $6,173,000 after purchasing an additional 8,432 shares during the period. Rossby Financial LCC acquired a new stake in BWX Technologies during the 1st quarter worth about $109,000. Phraction Management LLC acquired a new stake in BWX Technologies during the 1st quarter worth about $266,000. Finally, Clear Creek Financial Management LLC bought a new position in shares of BWX Technologies during the 1st quarter worth about $223,000. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Stock Performance

BWX Technologies stock traded up $0.95 during midday trading on Monday, reaching $143.86. 823,259 shares of the company traded hands, compared to its average volume of 917,017. The firm has a market capitalization of $13.14 billion, a price-to-earnings ratio of 45.82, a price-to-earnings-growth ratio of 3.59 and a beta of 0.70. The business has a 50 day moving average of $125.94 and a two-hundred day moving average of $113.82. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $146.38. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.02 and a quick ratio of 1.91.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share 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 10.39% and a return on equity of 30.26%. The company's revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.76 EPS. As a group, research analysts predict 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 paid 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 dividend yield of 0.70%. BWX Technologies's dividend payout ratio is presently 31.85%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BWXT. CLSA reissued 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. Maxim Group decreased their price target on BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Bank of America decreased their price target on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th. Seaport Res Ptn upgraded shares of BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Finally, William Blair reiterated an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. One investment 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $135.09.

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.