Mackenzie Financial Corp Acquires Shares of 3,476 BWX Technologies, Inc. (NYSE:BWXT)

Mackenzie Financial Corp bought a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,476 shares of the technology company's stock, valued at approximately $387,000.

A number of other large investors also recently modified their holdings of the business. HHM Wealth Advisors LLC raised its holdings in shares of BWX Technologies by 45.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock valued at $32,000 after buying an additional 90 shares during the last quarter. Principal Securities Inc. boosted its stake in BWX Technologies by 40.4% during the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock valued at $35,000 after buying an additional 91 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in BWX Technologies by 0.4% during the fourth quarter. Louisiana State Employees Retirement System now owns 25,400 shares of the technology company's stock worth $2,829,000 after buying an additional 100 shares in the last quarter. Utah Retirement Systems boosted its stake in shares of BWX Technologies by 2.1% during the 4th quarter. Utah Retirement Systems now owns 4,900 shares of the technology company's stock worth $546,000 after acquiring an additional 100 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in shares of BWX Technologies by 40.5% in the 4th quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company's stock worth $45,000 after acquiring an additional 117 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BWXT has been the subject of a number of research reports. CLSA restated an "outperform" rating and set a $177.60 price objective (up from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. Bank of America lowered their price target on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, March 26th. Maxim Group cut their price objective on BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Finally, William Blair initiated coverage on BWX Technologies in a research report on Wednesday, May 28th. They issued an "outperform" rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $129.84.

BWX Technologies Stock Performance

BWXT stock traded up $0.16 during midday trading on Thursday, hitting $129.03. The company's stock had a trading volume of 889,394 shares, compared to its average volume of 836,145. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. The stock has a market cap of $11.79 billion, a price-to-earnings ratio of 42.72, a PEG ratio of 3.20 and a beta of 0.66. The stock's 50-day moving average price is $108.26 and its 200 day moving average price is $111.77. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $136.31.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $682.26 million for the quarter, compared to the consensus estimate of $644.15 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm's revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 earnings per share. On average, equities analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a yield of 0.78%. BWX Technologies's dividend payout ratio (DPR) 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.