Western Wealth Management LLC Takes Position in BWX Technologies, Inc. (NYSE:BWXT)

Western Wealth Management LLC purchased a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,391 shares of the technology company's stock, valued at approximately $236,000.

A number of other large investors have also recently made changes to their positions in BWXT. Ameriflex Group Inc. purchased a new stake in BWX Technologies in the fourth quarter worth approximately $34,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of BWX Technologies by 200.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock valued at $35,000 after buying an additional 236 shares during the period. Vermillion Wealth Management Inc. bought a new position in shares of BWX Technologies during the 4th quarter valued at $40,000. Farther Finance Advisors LLC boosted its stake in shares of BWX Technologies by 109.6% in the 1st quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock worth $46,000 after buying an additional 240 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of BWX Technologies in the fourth quarter worth $58,000. 94.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BWXT has been the subject of a number of recent research reports. Maxim Group cut their price target on BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Bank of America dropped 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. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. Wall Street Zen cut shares of BWX Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, CLSA restated 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, May 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $135.09.

BWX Technologies Price Performance

Shares of NYSE BWXT traded up $5.29 during midday trading on Thursday, reaching $146.06. The stock had a trading volume of 718,238 shares, compared to its average volume of 912,356. The company has a market capitalization of $13.34 billion, a price-to-earnings ratio of 46.52, a price-to-earnings-growth ratio of 3.53 and a beta of 0.70. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $150.99. The stock has a 50-day moving average of $123.73 and a 200-day moving average of $113.25. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.91 and a current ratio of 2.02.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $644.15 million. During the same period last year, the firm earned $0.76 earnings per share. The business's quarterly revenue was up 13.0% on a year-over-year basis. As a group, research analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.68%. The ex-dividend date was Monday, May 19th. BWX Technologies's 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.