Floyd Financial Group LLC Reduces Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Floyd Financial Group LLC lessened its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 20.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,784 shares of the technology company's stock after selling 3,522 shares during the quarter. BWX Technologies makes up about 1.2% of Floyd Financial Group LLC's portfolio, making the stock its 23rd biggest holding. Floyd Financial Group LLC's holdings in BWX Technologies were worth $1,360,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. HHM Wealth Advisors LLC boosted its position in shares of BWX Technologies by 45.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock valued at $32,000 after acquiring an additional 90 shares during the last quarter. Ameriflex Group Inc. acquired a new position in shares of BWX Technologies during the 4th quarter valued at about $34,000. Principal Securities Inc. boosted its position in shares of BWX Technologies by 40.4% during the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock valued at $35,000 after acquiring an additional 91 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of BWX Technologies by 200.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock valued at $35,000 after acquiring an additional 236 shares during the last quarter. Finally, Vermillion Wealth Management Inc. acquired a new position in shares of BWX Technologies during the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 94.39% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on BWXT. CLSA reaffirmed an "outperform" rating and issued a $177.60 target price (up previously from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. William Blair began coverage on shares of BWX Technologies in a research report on Wednesday, May 28th. They issued an "outperform" rating on the stock. Maxim Group decreased 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 report on Thursday, May 8th. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Finally, Bank of America decreased their target price on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $129.84.

BWX Technologies Stock Up 0.7%

Shares of BWXT traded up $0.90 during mid-day trading on Friday, hitting $129.84. 730,648 shares of the company's stock were exchanged, compared to its average volume of 838,439. The company has a market cap of $11.86 billion, a price-to-earnings ratio of 42.99, a P/E/G ratio of 3.20 and a beta of 0.66. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $136.31. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The stock's 50-day moving average is $109.45 and its 200-day moving average is $111.78.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, topping 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 analyst estimates of $644.15 million. During the same period in the prior year, the firm earned $0.76 earnings per share. The business's quarterly 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 fiscal year.

BWX Technologies Dividend Announcement

The company also recently announced 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 was Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.77%. BWX Technologies's payout ratio is 31.85%.

BWX Technologies 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.