Naples Global Advisors LLC Boosts Position in BWX Technologies, Inc. (NYSE:BWXT)

Naples Global Advisors LLC raised its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 9.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,785 shares of the technology company's stock after purchasing an additional 3,236 shares during the quarter. Naples Global Advisors LLC's holdings in BWX Technologies were worth $3,629,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BWXT. Barclays PLC lifted its stake in shares of BWX Technologies by 59.8% in the 3rd quarter. Barclays PLC now owns 64,525 shares of the technology company's stock valued at $7,014,000 after purchasing an additional 24,149 shares during the period. Blue Trust Inc. raised its holdings in BWX Technologies by 28.5% in the fourth quarter. Blue Trust Inc. now owns 1,045 shares of the technology company's stock worth $114,000 after purchasing an additional 232 shares in the last quarter. Calamos Advisors LLC purchased a new position in BWX Technologies during the fourth quarter valued at $954,000. Choreo LLC boosted its holdings in shares of BWX Technologies by 76.6% during the 4th quarter. Choreo LLC now owns 4,311 shares of the technology company's stock valued at $483,000 after buying an additional 1,870 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of BWX Technologies by 20.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,201 shares of the technology company's stock valued at $579,000 after buying an additional 885 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. CLSA reissued an "outperform" rating and set a $177.60 price target (up from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. Maxim Group lowered 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 started coverage on BWX Technologies in a research report on Wednesday, May 28th. They issued an "outperform" rating on the stock. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Finally, Bank of America lowered their price objective on 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 analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, BWX Technologies currently has an average rating of "Moderate Buy" and an average price target of $129.84.

BWX Technologies Stock Up 0.7%

BWXT traded up $0.90 during trading on Friday, hitting $129.84. 730,648 shares of the company's stock traded hands, compared to its average volume of 837,396. The stock has a market capitalization of $11.86 billion, a price-to-earnings ratio of 42.99, a PEG ratio of 3.20 and a beta of 0.66. The company's 50 day simple moving average is $108.87 and its two-hundred day simple moving average is $111.79. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $136.31. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.18. The firm 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 company's quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 earnings per share. Analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Monday, May 19th. BWX Technologies's dividend payout ratio is currently 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.