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

Tcfg Wealth Management LLC raised its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 21.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,800 shares of the technology company's stock after purchasing an additional 1,880 shares during the period. Tcfg Wealth Management LLC's holdings in BWX Technologies were worth $1,065,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of BWX Technologies by 20.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,201 shares of the technology company's stock worth $579,000 after acquiring an additional 885 shares during the period. Empowered Funds LLC lifted its holdings in shares of BWX Technologies by 19.5% during the 4th quarter. Empowered Funds LLC now owns 4,839 shares of the technology company's stock worth $539,000 after acquiring an additional 788 shares during the period. Kestra Private Wealth Services LLC lifted its holdings in shares of BWX Technologies by 19.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 4,102 shares of the technology company's stock worth $457,000 after acquiring an additional 673 shares during the period. V Square Quantitative Management LLC lifted its holdings in shares of BWX Technologies by 40.5% during the 4th quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company's stock worth $45,000 after acquiring an additional 117 shares during the period. Finally, New York State Teachers Retirement System lifted its holdings in shares of BWX Technologies by 38.6% during the 4th quarter. New York State Teachers Retirement System now owns 20,100 shares of the technology company's stock worth $2,239,000 after acquiring an additional 5,600 shares during the period. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

BWX Technologies Stock Up 0.2%

Shares of NYSE:BWXT opened at $138.00 on Friday. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $139.54. The company has a 50 day moving average of $113.59 and a two-hundred day moving average of $111.77. The company has a market capitalization of $12.61 billion, a price-to-earnings ratio of 45.69, a price-to-earnings-growth ratio of 3.20 and a beta of 0.66.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.18. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company had revenue of $682.26 million during the quarter, compared to the consensus estimate of $644.15 million. During the same quarter last year, the company earned $0.76 earnings per share. BWX Technologies's revenue for the quarter was up 13.0% on a year-over-year basis. As a group, analysts forecast 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 was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Monday, May 19th. BWX Technologies's payout ratio is currently 31.85%.

Analysts Set New Price Targets

BWXT has been the topic of several recent analyst reports. Maxim Group cut 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 target (up previously from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. Bank of America cut their price target on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, March 26th. Finally, William Blair initiated coverage on shares of BWX Technologies in a report on Wednesday, May 28th. They issued an "outperform" rating on the stock. One equities 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. According to data from MarketBeat, BWX Technologies presently has a consensus rating of "Moderate Buy" and an average target price 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.

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