SG Americas Securities LLC Purchases 125,208 Shares of BWX Technologies, Inc. (NYSE:BWXT)

SG Americas Securities LLC raised its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 7,014.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,993 shares of the technology company's stock after purchasing an additional 125,208 shares during the quarter. SG Americas Securities LLC owned 0.14% of BWX Technologies worth $12,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of BWXT. Ameriflex Group Inc. bought a new position in BWX Technologies during the fourth quarter valued at approximately $34,000. Principal Securities Inc. increased its position in BWX Technologies by 40.4% during the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock valued at $35,000 after purchasing an additional 91 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of BWX Technologies by 200.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock valued at $35,000 after buying an additional 236 shares in the last quarter. Vermillion Wealth Management Inc. bought a new stake in shares of BWX Technologies during the 4th quarter valued at $40,000. Finally, V Square Quantitative Management LLC boosted its holdings in shares of BWX Technologies by 40.5% during the 4th quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company's stock valued at $45,000 after buying an additional 117 shares in the last quarter. Institutional investors own 94.39% of the company's stock.

Wall Street Analyst Weigh In

BWXT has been the subject of a number of recent analyst reports. Bank of America decreased their target price on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, March 26th. CLSA reaffirmed an "outperform" rating and set a $177.60 price objective (up from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. William Blair began coverage on shares of BWX Technologies in a report on Wednesday, May 28th. They set an "outperform" rating for the company. Maxim Group lowered their target price 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. Finally, Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $129.84.

BWX Technologies Price Performance

BWXT stock traded up $0.22 during midday trading on Friday, hitting $138.00. 1,150,524 shares of the stock were exchanged, compared to its average volume of 863,080. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $139.54. The stock has a market cap of $12.61 billion, a price-to-earnings ratio of 45.69, a PEG ratio of 3.20 and a beta of 0.66. The stock's 50-day moving average price is $113.59 and its 200-day moving average price is $111.64. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its 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 business had revenue of $682.26 million during the quarter, compared to analyst estimates of $644.15 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 earnings per share. Research analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Monday, May 19th. BWX Technologies's dividend payout ratio is presently 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.