Sumitomo Mitsui Trust Group Inc. Purchases 318,125 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Sumitomo Mitsui Trust Group Inc. increased its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 6,116.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 323,326 shares of the technology company's stock after purchasing an additional 318,125 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.35% of BWX Technologies worth $31,896,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Utah Retirement Systems increased its position in BWX Technologies by 2.1% during the 4th quarter. Utah Retirement Systems now owns 4,900 shares of the technology company's stock worth $546,000 after buying an additional 100 shares during the period. Gateway Investment Advisers LLC grew its stake in shares of BWX Technologies by 6.0% in the first quarter. Gateway Investment Advisers LLC now owns 2,154 shares of the technology company's stock valued at $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 fourth quarter. Congress Wealth Management LLC DE now owns 2,249 shares of the technology company's stock worth $251,000 after acquiring an additional 125 shares during the period. Miracle Mile Advisors LLC increased its position in BWX Technologies by 0.8% during the first quarter. Miracle Mile Advisors LLC now owns 18,669 shares of the technology company's stock worth $1,842,000 after acquiring an additional 151 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in BWX Technologies by 2.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,448 shares of the technology company's stock worth $830,000 after purchasing an additional 172 shares in the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. CLSA restated an "outperform" rating and set a $177.60 target price (up previously from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. William Blair restated an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. Wall Street Zen downgraded BWX Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Bank of America decreased their price target on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, March 26th. Finally, Seaport Res Ptn upgraded shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $135.09.

BWX Technologies Price Performance

Shares of BWX Technologies stock traded up $5.29 during midday trading on Friday, hitting $146.06. 718,248 shares of the company traded hands, compared to its average volume of 914,687. The firm's fifty day moving average price is $124.50 and its 200-day moving average price is $113.41. The stock has a market cap of $13.34 billion, a price-to-earnings ratio of 46.52, a PEG ratio of 3.54 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 quick ratio of 1.91 and a current ratio of 2.02.

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 for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $644.15 million. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The company's revenue was up 13.0% on a year-over-year basis. As a group, sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a $0.25 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.00 annualized dividend and a yield of 0.68%. BWX Technologies's dividend payout ratio is presently 31.85%.

About BWX Technologies

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.