TD Asset Management Inc Has $33.90 Million Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Key Points

• TD Asset Management Inc. increased its holdings in BWX Technologies by 25.4%, acquiring an additional 69,600 shares, bringing its total to 343,600 shares worth approximately $33.9 million.
• Most recent analyst ratings for BWX Technologies include a revised target price from $140.00 to $136.00 with several ratings of "buy" and "strong buy" indicating positive sentiment.
• BWX Technologies reported earnings of $0.91 per share for the most recent quarter, exceeding estimates and representing a 13% year-over-year revenue increase.

TD Asset Management Inc boosted its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 25.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 343,600 shares of the technology company's stock after purchasing an additional 69,600 shares during the period. TD Asset Management Inc owned about 0.38% of BWX Technologies worth $33,896,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. bought a new stake in BWX Technologies in the fourth quarter worth approximately $34,000. MassMutual Private Wealth & Trust FSB grew its position 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 worth $35,000 after acquiring an additional 236 shares in the last quarter. Vermillion Wealth Management Inc. bought a new stake in BWX Technologies in the fourth quarter worth approximately $40,000. Farther Finance Advisors LLC grew its position 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 acquiring an additional 240 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. grew its position in BWX Technologies by 194.0% in the first quarter. Hazlett Burt & Watson Inc. now owns 632 shares of the technology company's stock worth $63,000 after acquiring an additional 417 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. CLSA reaffirmed an "outperform" rating and set a $177.60 price objective (up from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. Maxim Group decreased their price objective on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $150.00 price objective (up from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. Finally, Wall Street Zen raised shares of BWX Technologies from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $137.94.

BWX Technologies Stock Performance

BWX Technologies stock traded down $3.24 during mid-day trading on Friday, reaching $148.69. The company had a trading volume of 777,962 shares, compared to its average volume of 1,089,868. 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, Inc. has a 52 week low of $84.21 and a 52 week high of $153.53. The company has a 50 day moving average of $138.10 and a 200-day moving average of $117.50. The firm has a market cap of $13.58 billion, a price-to-earnings ratio of 47.41, a PEG ratio of 3.85 and a beta of 0.70.

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

BWX Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a $0.25 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. BWX Technologies's dividend payout ratio is currently 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.