Synergy Asset Management LLC Makes New Investment in BWX Technologies, Inc. (NYSE:BWXT)

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

A number of other institutional investors also recently bought and sold shares of BWXT. PFG Advisors raised its stake in shares of BWX Technologies by 69.1% in the 4th quarter. PFG Advisors now owns 17,514 shares of the technology company's stock valued at $1,951,000 after acquiring an additional 7,154 shares during the period. Royal Bank of Canada lifted its holdings in shares of BWX Technologies by 7.2% in the 4th quarter. Royal Bank of Canada now owns 253,390 shares of the technology company's stock worth $28,225,000 after acquiring an additional 16,961 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of BWX Technologies in the 4th quarter worth approximately $58,000. ARK Investment Management LLC acquired a new position in shares of BWX Technologies in the 4th quarter worth approximately $10,573,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of BWX Technologies in the 4th quarter worth approximately $1,687,000. 94.39% of the stock is owned by hedge funds and other institutional investors.

BWX Technologies Price Performance

Shares of BWXT opened at $142.29 on Monday. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $145.33. The firm's 50 day moving average price is $117.53 and its 200 day moving average price is $112.03. The company has a market cap of $13.00 billion, a P/E ratio of 45.32, a PEG ratio of 3.58 and a beta of 0.66. The company has a quick ratio of 1.91, a current ratio of 2.02 and a debt-to-equity ratio of 1.08.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, beating 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 company had revenue of $682.26 million for the quarter, compared to the consensus estimate of $644.15 million. During the same period in the prior year, the firm posted $0.76 EPS. The company's quarterly revenue was up 13.0% compared to the same quarter last year. On average, research analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Monday, May 19th. BWX Technologies's dividend payout ratio is presently 31.85%.

Analysts Set New Price Targets

Several equities analysts have recently commented on BWXT shares. Maxim Group decreased their price objective on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Seaport Res Ptn upgraded shares of BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. CLSA restated an "outperform" rating and issued a $177.60 price objective (up from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. William Blair restated an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. Finally, Wall Street Zen downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a research note on Saturday. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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