Exchange Traded Concepts LLC Increases Stake in BWX Technologies, Inc. (NYSE:BWXT)

Exchange Traded Concepts LLC grew its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 13.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,345 shares of the technology company's stock after purchasing an additional 3,778 shares during the quarter. Exchange Traded Concepts LLC's holdings in BWX Technologies were worth $3,191,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. PFG Advisors increased its holdings in shares of BWX Technologies by 69.1% in the fourth quarter. PFG Advisors now owns 17,514 shares of the technology company's stock valued at $1,951,000 after purchasing an additional 7,154 shares during the last quarter. Royal Bank of Canada grew its holdings in BWX Technologies by 7.2% in the 4th quarter. Royal Bank of Canada now owns 253,390 shares of the technology company's stock valued at $28,225,000 after buying an additional 16,961 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of BWX Technologies in the 4th quarter worth $58,000. ARK Investment Management LLC acquired a new stake in shares of BWX Technologies in the 4th quarter worth $10,573,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of BWX Technologies during the 4th quarter worth $1,687,000. Hedge funds and other institutional investors own 94.39% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. William Blair reissued an "outperform" rating on shares of BWX Technologies in a research note on Wednesday. Bank of America cut their price target 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. Maxim Group decreased their price objective on BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, CLSA reissued an "outperform" rating and set a $177.60 target price (up previously from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $129.84.

BWX Technologies Trading Down 0.6%

NYSE BWXT traded down $0.84 on Thursday, reaching $140.28. The stock had a trading volume of 1,366,993 shares, compared to its average volume of 877,154. The company has a quick ratio of 1.91, a current ratio of 2.02 and a debt-to-equity ratio of 1.08. The stock has a fifty day moving average price of $116.76 and a two-hundred day moving average price of $112.18. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $145.33. The firm has a market capitalization of $12.82 billion, a price-to-earnings ratio of 44.68, a P/E/G ratio of 3.53 and a beta of 0.66.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.18. BWX Technologies had a return on equity of 30.26% and a net margin of 10.39%. The firm had revenue of $682.26 million for the quarter, compared to the consensus estimate of $644.15 million. During the same quarter in the previous year, the business earned $0.76 EPS. The company's quarterly revenue was up 13.0% compared to the same quarter last year. As a group, sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a $0.25 dividend. 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 payout ratio is 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.