Synergy Asset Management LLC Invests $296,000 in BWX Technologies, Inc. (NYSE:BWXT)

Synergy Asset Management LLC bought a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,000 shares of the technology company's stock, valued at approximately $296,000.

Other hedge funds also recently bought and sold shares of the company. Ameriflex Group Inc. bought a new position in shares of BWX Technologies in the 4th quarter worth $34,000. Principal Securities Inc. grew its stake in BWX Technologies by 40.4% in the fourth 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 last quarter. MassMutual Private Wealth & Trust FSB grew its stake in BWX Technologies by 200.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock valued at $35,000 after purchasing an additional 236 shares during the last quarter. Vermillion Wealth Management Inc. bought a new position in BWX Technologies in the fourth quarter worth about $40,000. Finally, Farther Finance Advisors LLC raised its holdings in BWX Technologies by 109.6% in the first quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock worth $46,000 after purchasing an additional 240 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

BWX Technologies Stock Performance

BWXT traded up $1.15 on Thursday, reaching $142.01. 1,238,120 shares of the stock were exchanged, compared to its average volume of 899,369. 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 company's 50-day moving average price is $120.58 and its 200 day moving average price is $112.69. The firm has a market capitalization of $12.97 billion, a PE ratio of 45.22, a PEG ratio of 3.54 and a beta of 0.66. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $145.33.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its earnings results on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.18. BWX Technologies had a return on equity of 30.26% and a net margin of 10.39%. The firm had revenue of $682.26 million during the quarter, compared to the consensus estimate of $644.15 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company's revenue was up 13.0% compared to the same quarter last year. As a group, sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, May 19th. This represents a $1.00 annualized dividend and a dividend yield of 0.70%. BWX Technologies's dividend payout ratio (DPR) is presently 31.85%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BWXT shares. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. CLSA restated an "outperform" rating and issued a $177.60 target price (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. 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 objective on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, March 26th. Finally, Maxim Group dropped their target price 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. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $129.84.

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.