Navellier & Associates Inc. Cuts Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Navellier & Associates Inc. decreased its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 7.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,871 shares of the technology company's stock after selling 2,093 shares during the quarter. Navellier & Associates Inc.'s holdings in BWX Technologies were worth $2,454,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of BWX Technologies by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 9,211,924 shares of the technology company's stock valued at $1,026,116,000 after acquiring an additional 202,917 shares in the last quarter. Demars Financial Group LLC increased its stake in shares of BWX Technologies by 9,309.0% in the 4th quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company's stock valued at $499,299,000 after acquiring an additional 4,434,799 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of BWX Technologies by 8.5% in the 4th quarter. Franklin Resources Inc. now owns 2,315,671 shares of the technology company's stock valued at $257,943,000 after acquiring an additional 182,311 shares in the last quarter. Bessemer Group Inc. increased its stake in BWX Technologies by 1.6% during the 1st quarter. Bessemer Group Inc. now owns 1,038,223 shares of the technology company's stock valued at $102,419,000 after purchasing an additional 16,262 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its stake in BWX Technologies by 204.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 916,323 shares of the technology company's stock valued at $102,069,000 after purchasing an additional 615,693 shares in the last quarter. Institutional investors own 94.39% of the company's stock.

BWX Technologies Price Performance

Shares of BWXT traded up $4.04 during midday trading on Friday, hitting $147.88. 1,026,203 shares of the company traded hands, compared to its average volume of 1,007,573. The stock has a 50-day moving average of $133.96 and a 200-day moving average of $116.26. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $148.75. The firm has a market cap of $13.51 billion, a P/E ratio of 47.10, a PEG ratio of 3.63 and a beta of 0.70. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.02 and a quick ratio of 1.91.

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 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 firm had revenue of $682.26 million for the quarter, compared to analysts' expectations of $644.15 million. During the same period in the prior year, the business posted $0.76 earnings per share. The company's revenue was up 13.0% on a year-over-year basis. As a group, sell-side analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Monday, May 19th. BWX Technologies's dividend payout ratio is presently 31.85%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BWXT. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Wall Street Zen upgraded BWX Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. CLSA restated an "outperform" rating and issued a $177.60 price objective (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Finally, Maxim Group lowered their price objective on BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $137.94.

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.