Tcfg Wealth Management LLC Grows Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Tcfg Wealth Management LLC grew its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 21.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,800 shares of the technology company's stock after purchasing an additional 1,880 shares during the quarter. Tcfg Wealth Management LLC's holdings in BWX Technologies were worth $1,065,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Principal Securities Inc. lifted its holdings in BWX Technologies by 40.4% in the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock worth $35,000 after buying an additional 91 shares during the period. Utah Retirement Systems lifted its stake in BWX Technologies by 2.1% in the fourth quarter. Utah Retirement Systems now owns 4,900 shares of the technology company's stock worth $546,000 after acquiring an additional 100 shares during the period. V Square Quantitative Management LLC boosted its holdings in BWX Technologies by 40.5% in the fourth quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company's stock valued at $45,000 after acquiring an additional 117 shares in the last quarter. Gateway Investment Advisers LLC boosted its holdings in 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. Finally, Congress Wealth Management LLC DE increased its position in BWX Technologies by 5.9% during the 4th quarter. Congress Wealth Management LLC DE now owns 2,249 shares of the technology company's stock valued at $251,000 after purchasing an additional 125 shares during the period. Institutional investors own 94.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BWXT. Maxim Group dropped their target price on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Bank of America decreased their price target 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. CLSA reaffirmed 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. William Blair started coverage on BWX Technologies in a report on Wednesday, May 28th. They set an "outperform" rating on the stock. Finally, Seaport Res Ptn upgraded 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 given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $129.84.

BWX Technologies Stock Down 0.6%

Shares of BWXT traded down $0.84 during mid-day trading on Wednesday, reaching $140.28. The company had a trading volume of 1,357,415 shares, compared to its average volume of 875,929. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.91 and a current ratio of 2.02. The company has a market capitalization of $12.82 billion, a price-to-earnings ratio of 44.68, a price-to-earnings-growth ratio of 3.51 and a beta of 0.66. The firm has a 50-day moving average price of $115.26 and a 200 day moving average price of $111.91. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 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 the consensus estimate of $0.73 by $0.18. BWX Technologies had a return on equity of 30.26% and a net margin of 10.39%. The business had revenue of $682.26 million for the quarter, compared to the consensus estimate of $644.15 million. During the same period in the previous year, the company posted $0.76 earnings per share. The company's revenue for the quarter was up 13.0% compared to the same quarter last year. On average, sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current 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 paid a dividend of $0.25 per share. The ex-dividend date was Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a yield of 0.71%. BWX Technologies's dividend payout ratio is currently 31.85%.

BWX Technologies Company 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.