GAM Holding AG Buys 5,331 Shares of BWX Technologies, Inc. (NYSE:BWXT)

GAM Holding AG raised its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 29.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,271 shares of the technology company's stock after purchasing an additional 5,331 shares during the period. GAM Holding AG's holdings in BWX Technologies were worth $2,296,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameriflex Group Inc. bought a new position in BWX Technologies during the fourth quarter valued at approximately $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. Vermillion Wealth Management Inc. bought a new position in BWX Technologies during the fourth quarter valued at $40,000. Finally, Farther Finance Advisors LLC lifted its position in BWX Technologies by 109.6% during the first quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock valued at $46,000 after purchasing an additional 240 shares during the last quarter. Institutional investors own 94.39% of the company's stock.

BWX Technologies Stock Up 1.3%

NYSE:BWXT opened at $142.29 on Friday. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $145.33. The company has a market cap of $13.00 billion, a price-to-earnings ratio of 45.32, a price-to-earnings-growth ratio of 3.53 and a beta of 0.66. The stock has a fifty day simple moving average of $117.53 and a 200-day simple moving average of $112.27. 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 announced its quarterly earnings data on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.18. BWX Technologies had a net margin of 10.39% and a return on equity of 30.26%. The company had revenue of $682.26 million during the quarter, compared to analyst estimates of $644.15 million. During the same quarter last year, the business posted $0.76 EPS. The firm's revenue for the quarter was up 13.0% on a year-over-year basis. Analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Monday, May 19th. BWX Technologies's dividend payout ratio is presently 31.85%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BWXT. Wall Street Zen downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday. Maxim Group lowered their price objective 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. Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. William Blair restated an "outperform" rating on shares of BWX Technologies in a research report on Wednesday. Finally, Bank of America lowered their price target 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 investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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.

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