Wealth Enhancement Advisory Services LLC Boosts Stake in BWX Technologies, Inc. (NYSE:BWXT)

Wealth Enhancement Advisory Services LLC raised its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 105.0% in the first quarter, Holdings Channel.com reports. The fund owned 18,239 shares of the technology company’s stock after buying an additional 9,344 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in BWX Technologies were worth $1,872,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BWXT. Benjamin F. Edwards & Company Inc. purchased a new stake in BWX Technologies during the fourth quarter valued at about $25,000. GAMMA Investing LLC lifted its stake in shares of BWX Technologies by 77.6% during the first quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock worth $28,000 after purchasing an additional 118 shares in the last quarter. SRS Capital Advisors Inc. lifted its stake in shares of BWX Technologies by 322.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 553 shares of the technology company’s stock worth $42,000 after purchasing an additional 422 shares in the last quarter. Fortis Group Advisors LLC acquired a new position in shares of BWX Technologies during the third quarter worth about $46,000. Finally, Riverview Trust Co acquired a new position in shares of BWX Technologies during the first quarter worth about $56,000. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on BWXT shares. Deutsche Bank Aktiengesellschaft reduced their price objective on BWX Technologies from $110.00 to $107.00 and set a “buy” rating on the stock in a research note on Monday, June 10th. Bank of America boosted their price objective on BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. CLSA initiated coverage on BWX Technologies in a research note on Monday, June 3rd. They set a “buy” rating on the stock. BTIG Research initiated coverage on BWX Technologies in a research note on Wednesday, June 26th. They issued a “buy” rating and a $110.00 price target on the stock. Finally, StockNews.com cut BWX Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $96.33.

BWX Technologies Trading Up 1.3 %

Shares of NYSE BWXT opened at $95.47 on Friday. The stock’s 50 day moving average price is $91.47 and its two-hundred day moving average price is $90.11. BWX Technologies, Inc. has a 52-week low of $67.91 and a 52-week high of $107.18. The stock has a market capitalization of $8.73 billion, a P/E ratio of 34.47, a PEG ratio of 3.55 and a beta of 0.69. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.29.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, May 6th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.09. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. The firm had revenue of $603.97 million for the quarter, compared to analysts’ expectations of $599.92 million. During the same quarter in the prior year, the firm posted $0.70 earnings per share. BWX Technologies’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, analysts anticipate that BWX Technologies, Inc. will post 3.18 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Friday, May 17th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Thursday, May 16th. BWX Technologies’s payout ratio is currently 34.66%.

About BWX Technologies

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.