PFG Advisors Boosts Holdings in BWX Technologies, Inc. (NYSE:BWXT)

PFG Advisors increased its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 55.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,147 shares of the technology company's stock after acquiring an additional 9,633 shares during the period. PFG Advisors' holdings in BWX Technologies were worth $2,678,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vontobel Holding Ltd. bought a new stake in BWX Technologies during the first quarter worth $383,000. Synergy Asset Management LLC bought a new stake in BWX Technologies during the first quarter worth $296,000. Clear Creek Financial Management LLC bought a new stake in BWX Technologies during the first quarter worth $223,000. Artemis Investment Management LLP bought a new stake in BWX Technologies during the first quarter worth $19,331,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in BWX Technologies by 343.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 33,063 shares of the technology company's stock worth $3,262,000 after buying an additional 25,615 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $150.00 price target (up from $119.00) on shares of BWX Technologies in a research report on Tuesday, July 8th. Wall Street Zen raised BWX Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Finally, Maxim Group decreased their price target on BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. One equities research 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $137.94.

BWX Technologies Stock Performance

Shares of BWXT stock traded up $4.04 during trading on Friday, reaching $147.88. 1,026,203 shares of the company's stock traded hands, compared to its average volume of 1,007,573. The company has a market capitalization of $13.51 billion, a P/E ratio of 47.10, a PEG ratio of 3.74 and a beta of 0.70. The company has a current ratio of 2.02, a quick ratio of 1.91 and a debt-to-equity ratio of 1.08. The firm's 50-day moving average is $134.72 and its 200 day moving average is $116.50. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $148.75.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.18. The company had revenue of $682.26 million for 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 revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.76 EPS. Equities research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors 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 0.68%. The ex-dividend date of this dividend was Monday, May 19th. BWX Technologies's payout ratio is currently 31.85%.

BWX Technologies 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.