BWX Technologies, Inc. (NYSE:BWXT) Shares Acquired by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC raised its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 16.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 523,722 shares of the technology company's stock after purchasing an additional 74,366 shares during the period. Stephens Investment Management Group LLC owned about 0.57% of BWX Technologies worth $51,665,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Utah Retirement Systems raised its position in shares of BWX Technologies by 2.1% in the 4th quarter. Utah Retirement Systems now owns 4,900 shares of the technology company's stock worth $546,000 after acquiring an additional 100 shares in the last quarter. Gateway Investment Advisers LLC raised its position 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 worth $212,000 after acquiring an additional 121 shares in the last quarter. Congress Wealth Management LLC DE increased its position in BWX Technologies by 5.9% during the 4th quarter. Congress Wealth Management LLC DE now owns 2,249 shares of the technology company's stock valued at $251,000 after buying an additional 125 shares in the last quarter. Miracle Mile Advisors LLC increased its position in BWX Technologies by 0.8% during the 1st quarter. Miracle Mile Advisors LLC now owns 18,669 shares of the technology company's stock valued at $1,842,000 after buying an additional 151 shares in the last quarter. Finally, Xponance Inc. increased its position in BWX Technologies by 1.4% during the 1st quarter. Xponance Inc. now owns 12,176 shares of the technology company's stock valued at $1,201,000 after buying an additional 168 shares in the last quarter. 94.39% of the stock is owned by institutional investors.

BWX Technologies Price Performance

Shares of NYSE:BWXT traded up $1.54 during midday trading on Monday, hitting $138.60. The company had a trading volume of 216,827 shares, compared to its average volume of 927,852. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve 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. The stock has a market cap of $12.66 billion, a price-to-earnings ratio of 44.19, a price-to-earnings-growth ratio of 3.46 and a beta of 0.70. The business's 50-day simple moving average is $128.07 and its 200-day simple moving average is $114.51.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly 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 firm had revenue of $682.26 million during the quarter, compared to analysts' expectations of $644.15 million. BWX Technologies had a return on equity of 30.26% and a net margin of 10.39%. The business's revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 earnings per share. On average, research analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.00 annualized dividend and a yield of 0.72%. BWX Technologies's dividend payout ratio (DPR) is 31.85%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. CLSA reaffirmed an "outperform" rating and set a $177.60 target price (up from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. Wall Street Zen raised BWX Technologies from a "hold" rating to a "buy" rating in a research report on Saturday. Maxim Group dropped their price target 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. Bank of America dropped their price target on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, March 26th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $150.00 price target (up previously from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, BWX Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $137.94.

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.