GAM Holding AG Has $2.30 Million Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

GAM Holding AG raised its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 29.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,271 shares of the technology company's stock after acquiring an additional 5,331 shares during the quarter. GAM Holding AG's holdings in BWX Technologies were worth $2,296,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Ameriflex Group Inc. acquired a new position in BWX Technologies in the 4th quarter valued at about $34,000. Principal Securities Inc. increased its stake in shares of BWX Technologies by 40.4% during the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock worth $35,000 after purchasing an additional 91 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in BWX Technologies by 200.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock worth $35,000 after purchasing an additional 236 shares during the last quarter. Vermillion Wealth Management Inc. bought a new stake in BWX Technologies in the 4th quarter valued at $40,000. Finally, Farther Finance Advisors LLC grew its holdings in BWX Technologies by 109.6% in the 1st quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock valued at $46,000 after buying an additional 240 shares in the last quarter. Institutional investors own 94.39% of the company's stock.

BWX Technologies Price Performance

NYSE:BWXT traded up $0.33 on Tuesday, hitting $142.39. The company had a trading volume of 1,126,688 shares, compared to its average volume of 891,774. The firm has a 50 day moving average of $118.30 and a two-hundred day moving average of $112.15. The stock has a market capitalization of $13.01 billion, a price-to-earnings ratio of 45.35, a PEG ratio of 3.58 and a beta of 0.66. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 week high of $145.33. The company has a current ratio of 2.02, a quick ratio of 1.91 and a debt-to-equity ratio of 1.08.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.18. The business had revenue of $682.26 million during the quarter, compared to analysts' expectations of $644.15 million. BWX Technologies had a return on equity of 30.26% and a net margin of 10.39%. The business's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.76 EPS. On average, research analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given 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 yield of 0.70%. BWX Technologies's dividend payout ratio (DPR) is currently 31.85%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BWXT shares. Bank of America reduced their target price on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, March 26th. CLSA reaffirmed an "outperform" rating and set a $177.60 target price (up from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. Maxim Group cut their price target on 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 research note on Wednesday, June 18th. Finally, Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $129.84.

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.