BWX Technologies, Inc. (NYSE:BWXT) Stake Lessened by Jennison Associates LLC

Jennison Associates LLC lowered its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 2.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 308,106 shares of the technology company's stock after selling 7,411 shares during the quarter. Jennison Associates LLC owned approximately 0.34% of BWX Technologies worth $30,395,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Vontobel Holding Ltd. purchased a new position in shares of BWX Technologies during the first quarter worth $383,000. Synergy Asset Management LLC acquired a new stake in shares of BWX Technologies in the first quarter valued at $296,000. Clear Creek Financial Management LLC acquired a new stake in shares of BWX Technologies in the first quarter valued at $223,000. Artemis Investment Management LLP acquired a new stake in shares of BWX Technologies in the first quarter valued at $19,331,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in BWX Technologies by 343.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 33,063 shares of the technology company's stock valued at $3,262,000 after buying an additional 25,615 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company's stock.

Wall Street Analysts Forecast Growth

BWXT has been the topic of a number of research analyst reports. William Blair reiterated an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. Bank of America cut their target price on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, March 26th. CLSA reiterated an "outperform" rating and set a $177.60 target price (up previously from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $150.00 target price (up previously from $119.00) on shares of BWX Technologies in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $137.94.

BWX Technologies Price Performance

Shares of BWXT stock traded up $4.05 during midday trading on Wednesday, reaching $144.09. 405,735 shares of the company traded hands, compared to its average volume of 938,722. The firm's 50 day simple moving average is $132.53 and its two-hundred day simple moving average is $115.87. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $145.33. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.02 and a quick ratio of 1.91. The firm has a market cap of $13.16 billion, a PE ratio of 45.93, a price-to-earnings-growth ratio of 3.55 and a beta of 0.70.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share 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 company had revenue of $682.26 million during the quarter, compared to the consensus estimate of $644.15 million. During the same period in the previous year, the firm posted $0.76 EPS. BWX Technologies's revenue was up 13.0% on a year-over-year basis. On average, equities research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a $0.25 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a yield of 0.69%. BWX Technologies's dividend payout ratio is currently 31.85%.

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.