Pacific Capital Partners Ltd Acquires Shares of 12,500 BWX Technologies, Inc. (NYSE:BWXT)

Key Points

• Pacific Capital Partners Ltd has invested $1.23 million in BWX Technologies, acquiring 12,500 shares during the first quarter, as revealed in a recent 13F filing with the SEC.
• BWX Technologies reported a quarterly earnings per share (EPS) of $0.91, exceeding estimates by $0.18, with revenue growth of 13% year-over-year.
• The company recently declared a quarterly dividend of $0.25 per share, translating to an annual yield of 0.67%, with a payout ratio of 31.85%.

Pacific Capital Partners Ltd acquired a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,500 shares of the technology company's stock, valued at approximately $1,233,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Utah Retirement Systems raised 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 valued at $546,000 after buying an additional 100 shares during the last quarter. Gateway Investment Advisers LLC increased its stake in shares of BWX Technologies by 6.0% in the 1st quarter. Gateway Investment Advisers LLC now owns 2,154 shares of the technology company's stock valued at $212,000 after purchasing an additional 121 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in BWX Technologies by 2.0% during the first quarter. Avantax Advisory Services Inc. now owns 7,136 shares of the technology company's stock worth $704,000 after purchasing an additional 141 shares in the last quarter. Miracle Mile Advisors LLC raised its stake in shares of BWX Technologies by 0.8% during the 1st quarter. Miracle Mile Advisors LLC now owns 18,669 shares of the technology company's stock worth $1,842,000 after buying an additional 151 shares during the period. Finally, MRP Capital Investments LLC lifted its position in shares of BWX Technologies by 0.9% during the 1st quarter. MRP Capital Investments LLC now owns 16,204 shares of the technology company's stock valued at $1,598,000 after buying an additional 151 shares in the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Wall Street Zen upgraded BWX Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Maxim Group dropped their price target on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. CLSA reaffirmed an "outperform" rating and issued a $177.60 price target (up from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. William Blair reiterated an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. Finally, 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $137.94.

BWX Technologies Price Performance

NYSE BWXT traded down $2.34 during trading hours on Friday, reaching $149.59. The company's stock had a trading volume of 1,375,605 shares, compared to its average volume of 1,094,276. 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 fifty-two week low of $84.21 and a fifty-two week high of $153.53. The stock has a market cap of $13.67 billion, a PE ratio of 47.64, a PEG ratio of 3.85 and a beta of 0.70. The company's 50-day moving average is $138.10 and its two-hundred day moving average is $117.50.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly 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 firm had revenue of $682.26 million for the quarter, compared to analyst estimates of $644.15 million. BWX Technologies had a return on equity of 30.26% and a net margin of 10.39%. The firm's quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the company earned $0.76 EPS. Analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a $0.25 dividend. 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 is presently 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.