UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 319,455 shares of the technology company's stock after purchasing an additional 5,336 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.35% of BWX Technologies worth $35,584,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the business. HHM Wealth Advisors LLC lifted its position in BWX Technologies by 45.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock worth $32,000 after purchasing an additional 90 shares during the period. Principal Securities Inc. grew its stake in shares of 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 acquiring an additional 91 shares in the last quarter. V Square Quantitative Management LLC grew its position 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 valued at $45,000 after acquiring an additional 117 shares during the period. SBI Securities Co. Ltd. bought a new position in BWX Technologies in the 4th quarter worth approximately $58,000. Finally, R Squared Ltd bought a new position in BWX Technologies in the 4th quarter valued at $68,000. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Robert L. Duffy sold 6,000 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total transaction of $624,180.00. Following the completion of the transaction, the senior vice president now directly owns 3,206 shares in the company, valued at $333,520.18. The trade was a 65.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on BWXT. William Blair started coverage on BWX Technologies in a report on Wednesday. They set an "outperform" rating for the company. CLSA reaffirmed an "outperform" rating and issued a $177.60 price objective (up from $153.00) on shares of BWX Technologies in a research note on Tuesday. Maxim Group reduced their price target 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. Bank of America cut their price objective 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, Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. One 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $129.84.

BWX Technologies Price Performance

Shares of BWX Technologies stock traded up $0.18 during trading on Friday, reaching $125.43. The company's stock had a trading volume of 1,156,231 shares, compared to its average volume of 832,801. The stock has a market capitalization of $11.46 billion, a P/E ratio of 41.53, a price-to-earnings-growth ratio of 3.20 and a beta of 0.66. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $136.31. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The stock has a 50-day moving average price of $106.64 and a two-hundred day moving average price of $111.65.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.18. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm had revenue of $682.26 million for the quarter, compared to analyst estimates of $644.15 million. During the same quarter in the previous year, the firm earned $0.76 EPS. The business's quarterly revenue was up 13.0% on a year-over-year basis. As a group, sell-side analysts anticipate 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 will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Monday, May 19th. BWX Technologies's dividend payout ratio is 31.85%.

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.