66,521 Shares in BWX Technologies, Inc. (NYSE:BWXT) Bought by Edgestream Partners L.P.

Edgestream Partners L.P. bought a new position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 66,521 shares of the technology company's stock, valued at approximately $6,562,000. Edgestream Partners L.P. owned approximately 0.07% of BWX Technologies as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Utah Retirement Systems lifted its holdings in BWX Technologies by 2.1% during the 4th quarter. Utah Retirement Systems now owns 4,900 shares of the technology company's stock worth $546,000 after buying an additional 100 shares during the period. Gateway Investment Advisers LLC raised its position in shares of BWX Technologies by 6.0% during the first quarter. Gateway Investment Advisers LLC now owns 2,154 shares of the technology company's stock worth $212,000 after acquiring an additional 121 shares during the last quarter. Congress Wealth Management LLC DE lifted its stake in shares of BWX Technologies by 5.9% in the fourth quarter. Congress Wealth Management LLC DE now owns 2,249 shares of the technology company's stock worth $251,000 after acquiring an additional 125 shares during the period. Miracle Mile Advisors LLC boosted its holdings in BWX Technologies by 0.8% in the first quarter. Miracle Mile Advisors LLC now owns 18,669 shares of the technology company's stock valued at $1,842,000 after acquiring an additional 151 shares during the last quarter. Finally, Xponance Inc. increased its position in BWX Technologies by 1.4% during the 1st quarter. Xponance Inc. now owns 12,176 shares of the technology company's stock valued at $1,201,000 after purchasing an additional 168 shares during the period. 94.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BWXT. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $150.00 price target (up previously from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. Maxim Group lowered their target price on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. William Blair restated an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Finally, Bank of America lowered their price objective on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $137.94.

BWX Technologies Stock Up 1.8%

Shares of BWX Technologies stock traded up $2.47 during trading on Wednesday, reaching $139.92. 930,613 shares of the company traded hands, compared to its average volume of 933,839. The firm has a market capitalization of $12.78 billion, a PE ratio of 44.56, a P/E/G ratio of 3.47 and a beta of 0.70. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $145.33. The company has a 50 day moving average price of $129.83 and a 200-day moving average price of $115.03. 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 posted its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.18. The firm had revenue of $682.26 million during the quarter, compared to the consensus estimate of $644.15 million. BWX Technologies had a net margin of 10.39% and a return on equity of 30.26%. The business's revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 earnings per share. As a group, equities research analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal 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 paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Monday, May 19th. BWX Technologies's dividend payout ratio (DPR) is currently 31.85%.

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.