Stonebridge Financial Group LLC Buys 42,252 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Stonebridge Financial Group LLC boosted its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 3,782.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 43,369 shares of the technology company's stock after purchasing an additional 42,252 shares during the quarter. Stonebridge Financial Group LLC's holdings in BWX Technologies were worth $4,278,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Ameriflex Group Inc. acquired a new stake in shares of BWX Technologies in the fourth quarter valued at about $34,000. Principal Securities Inc. increased its position in BWX Technologies by 40.4% in the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock valued at $35,000 after acquiring an additional 91 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in BWX Technologies by 200.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock valued at $35,000 after acquiring an additional 236 shares during the period. Vermillion Wealth Management Inc. acquired a new position in shares of BWX Technologies during the 4th quarter valued at $40,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of BWX Technologies by 109.6% during the 1st quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock worth $46,000 after acquiring an additional 240 shares in the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

BWX Technologies Stock Performance

Shares of BWXT stock traded up $1.45 during trading on Friday, reaching $143.32. 1,326,136 shares of the company's stock traded hands, compared to its average volume of 902,515. The firm's 50-day moving average is $121.37 and its 200 day moving average is $112.77. 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 company has a market capitalization of $13.09 billion, a P/E ratio of 45.64, a PEG ratio of 3.60 and a beta of 0.66. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $145.33.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its earnings results on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.73 by $0.18. BWX Technologies had a net margin of 10.39% and a return on equity of 30.26%. The firm had revenue of $682.26 million during the quarter, compared to analysts' expectations of $644.15 million. During the same period last year, the company posted $0.76 EPS. The company's quarterly revenue was up 13.0% compared to the same quarter last year. Equities research analysts expect 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. Investors of record on Monday, May 19th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Monday, May 19th. BWX Technologies's dividend payout ratio is currently 31.85%.

Wall Street Analysts Forecast Growth

BWXT has been the subject of a number of research reports. Wall Street Zen cut BWX Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. 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 report on Thursday, May 8th. Bank of America reduced their price objective on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th. Finally, CLSA restated an "outperform" rating and set a $177.60 price objective (up from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $135.09.

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.