ZWJ Investment Counsel Inc. Has $49.97 Million Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

ZWJ Investment Counsel Inc. reduced its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 1.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 506,563 shares of the technology company's stock after selling 6,778 shares during the quarter. BWX Technologies comprises 2.0% of ZWJ Investment Counsel Inc.'s portfolio, making the stock its 20th biggest position. ZWJ Investment Counsel Inc. owned 0.55% of BWX Technologies worth $49,972,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Synergy Asset Management LLC bought a new stake in shares of BWX Technologies during the first quarter worth $296,000. Artemis Investment Management LLP bought a new stake in shares of BWX Technologies in the first quarter valued at about $19,331,000. PFG Advisors boosted its position in shares of BWX Technologies by 69.1% during the fourth quarter. PFG Advisors now owns 17,514 shares of the technology company's stock worth $1,951,000 after buying an additional 7,154 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of BWX Technologies by 343.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 33,063 shares of the technology company's stock worth $3,262,000 after buying an additional 25,615 shares in the last quarter. Finally, Royal Bank of Canada raised its position in BWX Technologies by 7.2% in the 4th quarter. Royal Bank of Canada now owns 253,390 shares of the technology company's stock valued at $28,225,000 after buying an additional 16,961 shares during the last quarter. 94.39% of the stock is owned by institutional investors.

BWX Technologies Price Performance

BWXT stock traded up $5.29 during midday trading on Friday, reaching $146.06. The company had a trading volume of 718,248 shares, compared to its average volume of 914,687. 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 3.54 and a beta of 0.70. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.02 and a quick ratio of 1.91. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $145.33. The stock has a 50 day moving average price of $124.50 and a 200-day moving average price of $113.41.

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 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 for the quarter, compared to analyst estimates of $644.15 million. During the same quarter last year, the business posted $0.76 earnings per share. The company's quarterly revenue was up 13.0% on a year-over-year basis. Equities research analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Monday, May 19th. BWX Technologies's dividend payout ratio (DPR) is currently 31.85%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Maxim Group reduced 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. Wall Street Zen cut shares of BWX Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. Bank of America lowered their price target 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, CLSA restated an "outperform" rating and set a $177.60 price objective (up from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently 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.