Meeder Asset Management Inc. Purchases 2,566 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Key Points

• Meeder Asset Management Inc. increased its holdings in BWX Technologies by 6.5% during Q1, acquiring an additional 2,566 shares, bringing its total ownership to 42,249 shares valued at $4,168,000.
• BWX Technologies recently reported an EPS of $0.91 for the quarter, exceeding expectations of $0.73, with revenue of $682.26 million, indicating a 13% year-over-year growth.
• The company announced a quarterly dividend of $0.25 per share, resulting in an annualized dividend yield of 0.67% for shareholders.

Meeder Asset Management Inc. increased its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 6.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,249 shares of the technology company's stock after purchasing an additional 2,566 shares during the quarter. Meeder Asset Management Inc.'s holdings in BWX Technologies were worth $4,168,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BWXT. Vontobel Holding Ltd. acquired a new position in BWX Technologies during the 1st quarter worth approximately $383,000. Synergy Asset Management LLC bought a new stake in shares of BWX Technologies during the first quarter worth about $296,000. Clear Creek Financial Management LLC acquired a new position in BWX Technologies during the 1st quarter valued at about $223,000. Artemis Investment Management LLP purchased a new stake in shares of BWX Technologies in the first quarter worth approximately $19,331,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in BWX Technologies by 343.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 33,063 shares of the technology company's stock valued at $3,262,000 after acquiring an additional 25,615 shares in the last quarter. Institutional investors own 94.39% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on BWXT shares. CLSA restated an "outperform" rating and issued a $177.60 target price (up previously from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Wall Street Zen upgraded shares of BWX Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $150.00 target price (up from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. Finally, Maxim Group reduced 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $137.94.

BWX Technologies Price Performance

BWX Technologies stock traded down $2.04 during mid-day trading on Friday, hitting $149.89. 896,827 shares of the company traded hands, compared to its average volume of 1,090,829. 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 $153.53. The stock has a market cap of $13.69 billion, a price-to-earnings ratio of 47.74, a price-to-earnings-growth ratio of 3.85 and a beta of 0.70. The stock has a fifty day moving average price of $138.10 and a 200-day moving average price of $117.50.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted 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. 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 the consensus estimate of $644.15 million. During the same period in the previous year, the firm posted $0.76 EPS. The firm's revenue was up 13.0% compared to the same quarter last year. On average, equities analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid 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 dividend yield of 0.7%. BWX Technologies's dividend payout ratio (DPR) is 31.85%.

About BWX Technologies

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.