Secured Retirement Advisors LLC Grows Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Secured Retirement Advisors LLC boosted its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 36.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,523 shares of the technology company's stock after buying an additional 2,550 shares during the period. Secured Retirement Advisors LLC's holdings in BWX Technologies were worth $939,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BWXT. Ameriflex Group Inc. purchased a new position in shares of BWX Technologies during the 4th quarter worth about $34,000. MassMutual Private Wealth & Trust FSB increased its position in BWX Technologies by 200.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock worth $35,000 after purchasing an additional 236 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new position in BWX Technologies during the fourth quarter worth approximately $40,000. Farther Finance Advisors LLC boosted its holdings in shares of BWX Technologies by 109.6% in the 1st quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock valued at $46,000 after purchasing an additional 240 shares during the last quarter. Finally, Altshuler Shaham Ltd purchased a new stake in shares of BWX Technologies during the 4th quarter valued at $70,000. Hedge funds and other institutional investors own 94.39% of the company's stock.

Analyst Ratings Changes

BWXT has been the subject of a number of research analyst reports. Bank of America dropped their price objective on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, March 26th. CLSA reissued an "outperform" rating and set a $177.60 price target (up previously from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. Maxim Group cut their price objective on BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Finally, Wall Street Zen upgraded BWX Technologies from a "hold" rating to a "buy" rating in a report on Saturday. One 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $137.94.

BWX Technologies Trading Up 0.5%

NYSE:BWXT opened at $137.13 on Friday. The business's 50-day moving average is $128.07 and its two-hundred day moving average is $114.50. The firm has a market capitalization of $12.53 billion, a PE ratio of 43.67, a price-to-earnings-growth ratio of 3.46 and a beta of 0.70. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $145.33. 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 earnings results on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.73 by $0.18. The business 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 30.26% and a net margin of 10.39%. The company's revenue was up 13.0% on a year-over-year basis. During the same period last year, the business posted $0.76 EPS. Research analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid 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 0.73%. BWX Technologies's dividend payout ratio (DPR) 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.

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