Western Wealth Management LLC Invests $236,000 in BWX Technologies, Inc. (NYSE:BWXT)

Western Wealth Management LLC purchased a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,391 shares of the technology company's stock, valued at approximately $236,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BWXT. Proficio Capital Partners LLC acquired a new stake in shares of BWX Technologies in the fourth quarter valued at about $1,687,000. US Bancorp DE boosted its holdings in BWX Technologies by 10.8% in the fourth quarter. US Bancorp DE now owns 10,281 shares of the technology company's stock valued at $1,145,000 after acquiring an additional 999 shares during the last quarter. Jones Financial Companies Lllp increased its position in BWX Technologies by 32.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,825 shares of the technology company's stock valued at $203,000 after purchasing an additional 448 shares during the period. SBI Securities Co. Ltd. acquired a new stake in BWX Technologies during the 4th quarter valued at approximately $58,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in BWX Technologies by 28.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 41,267 shares of the technology company's stock worth $4,597,000 after purchasing an additional 9,138 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company's stock.

BWX Technologies Stock Performance

BWX Technologies stock traded down $4.16 during midday trading on Tuesday, reaching $139.90. The stock had a trading volume of 185,072 shares, compared to its average volume of 900,505. The firm has a market capitalization of $12.78 billion, a PE ratio of 44.62, a P/E/G ratio of 3.60 and a beta of 0.66. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $145.71. The company has a quick ratio of 1.91, a current ratio of 2.02 and a debt-to-equity ratio of 1.08. The firm's 50-day moving average price is $122.25 and its 200 day moving average price is $112.86.

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 (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.18. The company had revenue of $682.26 million for the quarter, compared to analyst estimates of $644.15 million. BWX Technologies had a net margin of 10.39% and a return on equity of 30.26%. The company's quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 earnings per share. As a group, research analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

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 $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Monday, May 19th. BWX Technologies's dividend payout ratio (DPR) is presently 31.85%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BWXT. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. Bank of America lowered their target price on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, March 26th. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Maxim Group lowered their price objective on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, CLSA reiterated an "outperform" rating and set a $177.60 target price (up previously from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $135.09.

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.