Golden State Wealth Management LLC Boosts Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Golden State Wealth Management LLC increased its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 117.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,786 shares of the technology company's stock after purchasing an additional 4,211 shares during the quarter. Golden State Wealth Management LLC's holdings in BWX Technologies were worth $768,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Demars Financial Group LLC boosted its stake in BWX Technologies by 9,309.0% in the 4th quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company's stock worth $499,299,000 after buying an additional 4,434,799 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in BWX Technologies in the 4th quarter worth about $69,730,000. Balyasny Asset Management L.P. boosted its stake in BWX Technologies by 204.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 916,323 shares of the technology company's stock worth $102,069,000 after buying an additional 615,693 shares during the last quarter. Blair William & Co. IL boosted its stake in BWX Technologies by 949.0% in the 4th quarter. Blair William & Co. IL now owns 424,821 shares of the technology company's stock worth $47,321,000 after buying an additional 384,323 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of BWX Technologies by 248.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 453,680 shares of the technology company's stock valued at $50,537,000 after purchasing an additional 323,445 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

BWX Technologies Stock Performance

BWX Technologies stock opened at $142.01 on Friday. The stock's 50 day moving average price is $120.58 and its 200 day moving average price is $112.69. The firm has a market capitalization of $12.97 billion, a PE ratio of 45.22, a price-to-earnings-growth ratio of 3.54 and a beta of 0.66. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.91 and a current ratio of 2.02. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $145.33.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, topping 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 analyst estimates of $644.15 million. During the same period in the previous year, the company posted $0.76 EPS. BWX Technologies's revenue for the quarter was up 13.0% on a year-over-year basis. As a group, sell-side analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BWXT. Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Maxim Group reduced their price objective on BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Bank of America reduced their price objective on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, March 26th. CLSA reaffirmed an "outperform" rating and issued a $177.60 price objective (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Finally, William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $132.33.

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.

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