Minneapolis Portfolio Management Group LLC Acquires 65,885 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Minneapolis Portfolio Management Group LLC lifted its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 37.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 241,985 shares of the technology company's stock after acquiring an additional 65,885 shares during the period. BWX Technologies makes up about 3.3% of Minneapolis Portfolio Management Group LLC's investment portfolio, making the stock its 17th largest holding. Minneapolis Portfolio Management Group LLC owned about 0.26% of BWX Technologies worth $23,872,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Compass Wealth Management LLC increased its position in shares of BWX Technologies by 13.9% during the first quarter. Compass Wealth Management LLC now owns 31,435 shares of the technology company's stock worth $3,101,000 after acquiring an additional 3,830 shares in the last quarter. Concurrent Investment Advisors LLC boosted its holdings in BWX Technologies by 20.6% during the first quarter. Concurrent Investment Advisors LLC now owns 6,381 shares of the technology company's stock worth $630,000 after purchasing an additional 1,088 shares during the last quarter. OneDigital Investment Advisors LLC boosted its holdings in BWX Technologies by 15.6% during the first quarter. OneDigital Investment Advisors LLC now owns 62,577 shares of the technology company's stock worth $6,173,000 after purchasing an additional 8,432 shares during the last quarter. Rossby Financial LCC acquired a new position in BWX Technologies during the first quarter worth $109,000. Finally, Phraction Management LLC acquired a new position in BWX Technologies during the first quarter worth $266,000. Institutional investors own 94.39% of the company's stock.

BWX Technologies Stock Performance

Shares of NYSE BWXT traded down $4.66 during mid-day trading on Tuesday, reaching $139.13. 808,706 shares of the company were exchanged, compared to its average volume of 916,680. The company's 50-day simple moving average is $125.94 and its 200-day simple moving average is $113.82. The company has a quick ratio of 1.91, a current ratio of 2.02 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $12.71 billion, a P/E ratio of 44.31, a P/E/G ratio of 3.59 and a beta of 0.70. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $145.33.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its earnings results 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 during the quarter, compared to analysts' expectations of $644.15 million. BWX Technologies had a net margin of 10.39% and a return on equity of 30.26%. BWX Technologies's quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.76 EPS. As a group, research analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Monday, May 19th. BWX Technologies's dividend payout ratio is presently 31.85%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on BWXT shares. Seaport Res Ptn upgraded shares of BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Maxim Group reduced their target price on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, May 8th. William Blair restated an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. Wall Street Zen cut shares of BWX Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, Bank of America cut their price target on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $137.94.

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.