Veracity Capital LLC Has $633,000 Position in BWX Technologies, Inc. (NYSE:BWXT)

Veracity Capital LLC cut its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 40.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,417 shares of the technology company's stock after selling 4,406 shares during the quarter. Veracity Capital LLC's holdings in BWX Technologies were worth $633,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BWXT. Demars Financial Group LLC lifted its position in shares of BWX Technologies by 9,309.0% during the 4th quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company's stock valued at $499,299,000 after acquiring an additional 4,434,799 shares during the period. Raymond James Financial Inc. bought a new stake in shares of BWX Technologies during the 4th quarter valued at $69,730,000. Balyasny Asset Management L.P. lifted its position in shares of BWX Technologies by 204.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 916,323 shares of the technology company's stock valued at $102,069,000 after acquiring an additional 615,693 shares during the period. Stephens Investment Management Group LLC bought a new stake in shares of BWX Technologies during the 4th quarter valued at $50,054,000. Finally, Van ECK Associates Corp lifted its position in shares of BWX Technologies by 46.7% during the 4th quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company's stock valued at $156,919,000 after acquiring an additional 448,467 shares during the period. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Price Performance

Shares of BWX Technologies stock traded up $0.90 during trading on Friday, reaching $129.84. 730,648 shares of the company's stock were exchanged, compared to its average volume of 840,332. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $136.31. The company has a market cap of $11.86 billion, a P/E ratio of 42.99, a PEG ratio of 3.20 and a beta of 0.66. The firm's 50-day moving average price is $109.45 and its 200 day moving average price is $111.66.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.18. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business had revenue of $682.26 million during the quarter, compared to analysts' expectations of $644.15 million. During the same quarter in the prior year, the firm earned $0.76 EPS. The business's revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, research analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a $0.25 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a yield of 0.77%. BWX Technologies's payout ratio is presently 31.85%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BWXT. Bank of America cut their target price on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, March 26th. Maxim Group cut their target price on BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. CLSA reiterated an "outperform" rating and set a $177.60 target price (up from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Finally, William Blair assumed coverage on BWX Technologies in a research report on Wednesday, May 28th. They set an "outperform" rating for the company. One 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 MarketBeat, BWX Technologies currently has an average 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.