Strategic Planning Group LLC Grows Stake in BWX Technologies, Inc. (NYSE:BWXT)

Strategic Planning Group LLC raised its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 16.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,335 shares of the technology company's stock after acquiring an additional 4,362 shares during the period. Strategic Planning Group LLC's holdings in BWX Technologies were worth $3,091,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Barclays PLC raised its position in BWX Technologies by 59.8% during the third quarter. Barclays PLC now owns 64,525 shares of the technology company's stock valued at $7,014,000 after purchasing an additional 24,149 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of BWX Technologies by 3.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 13,634 shares of the technology company's stock valued at $1,519,000 after purchasing an additional 498 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of BWX Technologies by 28.5% during the 4th quarter. Blue Trust Inc. now owns 1,045 shares of the technology company's stock valued at $114,000 after buying an additional 232 shares in the last quarter. HHM Wealth Advisors LLC lifted its position in BWX Technologies by 45.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock worth $32,000 after buying an additional 90 shares during the last quarter. Finally, Calamos Advisors LLC bought a new stake in BWX Technologies in the fourth quarter worth $954,000. Institutional investors own 94.39% of the company's stock.

BWX Technologies Stock Up 0.1%

Shares of NYSE:BWXT traded up $0.16 during trading on Thursday, reaching $129.03. 889,394 shares of the stock traded hands, compared to its average volume of 836,146. The stock has a market cap of $11.79 billion, a P/E ratio of 42.72, a price-to-earnings-growth ratio of 3.20 and a beta of 0.66. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The stock has a 50-day moving average of $108.26 and a two-hundred day moving average of $111.77. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $136.31.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued 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 31.95% and a net margin of 10.32%. The company's revenue was up 13.0% compared to the same quarter last year. During the same period last year, the business posted $0.76 EPS. As a group, sell-side analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Monday, May 19th. BWX Technologies's payout ratio is presently 31.85%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BWXT shares. William Blair assumed coverage on shares of BWX Technologies in a report on Wednesday, May 28th. They issued an "outperform" rating on the stock. Bank of America reduced their price target on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, March 26th. Maxim Group dropped their price objective on BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, May 8th. CLSA reissued an "outperform" rating and set a $177.60 target price (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Finally, Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $129.84.

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.