BWX Technologies, Inc. (NYSE:BWXT) Shares Acquired by Toth Financial Advisory Corp

Toth Financial Advisory Corp lifted its position in BWX Technologies, Inc. (NYSE:BWXT) by 1,500.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 320 shares of the technology company’s stock after acquiring an additional 300 shares during the quarter. Toth Financial Advisory Corp’s holdings in BWX Technologies were worth $33,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Frontier Capital Management Co. LLC increased its stake in BWX Technologies by 28.8% in the 4th quarter. Frontier Capital Management Co. LLC now owns 967,317 shares of the technology company’s stock valued at $74,222,000 after buying an additional 216,525 shares during the period. First Trust Advisors LP increased its stake in shares of BWX Technologies by 41.3% during the 4th quarter. First Trust Advisors LP now owns 330,559 shares of the technology company’s stock worth $25,364,000 after purchasing an additional 96,629 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of BWX Technologies by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 8,677,218 shares of the technology company’s stock worth $665,803,000 after purchasing an additional 65,137 shares during the last quarter. Ghisallo Capital Management LLC acquired a new position in shares of BWX Technologies during the 4th quarter worth $4,188,000. Finally, Nicholas Investment Partners LP increased its stake in shares of BWX Technologies by 21.6% during the 4th quarter. Nicholas Investment Partners LP now owns 288,176 shares of the technology company’s stock worth $22,112,000 after purchasing an additional 51,113 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Price Performance

BWXT stock traded up $0.02 during trading on Friday, hitting $95.00. 769,148 shares of the stock traded hands, compared to its average volume of 558,064. BWX Technologies, Inc. has a one year low of $67.91 and a one year high of $107.18. The stock has a market cap of $8.68 billion, a price-to-earnings ratio of 34.28, a P/E/G ratio of 3.58 and a beta of 0.71. The company has a 50 day simple moving average of $91.38 and a 200 day simple moving average of $89.66. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.29.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, May 6th. The technology company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.09. BWX Technologies had a net margin of 10.00% and a return on equity of 31.57%. The firm had revenue of $603.97 million during the quarter, compared to analysts’ expectations of $599.92 million. During the same quarter last year, the company posted $0.70 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. Equities analysts expect that BWX Technologies, Inc. will post 3.19 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Investors 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 was Thursday, May 16th. BWX Technologies’s payout ratio is 34.66%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BWXT. StockNews.com lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Thursday. Janney Montgomery Scott initiated coverage on shares of BWX Technologies in a research note on Thursday. They issued a “buy” rating and a $113.00 target price on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of 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 raised their target price on shares of BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Finally, Truist Financial reiterated a “hold” rating and issued a $95.00 target price (down from $110.00) on shares of BWX Technologies in a research note on Monday, March 25th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, BWX Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $96.33.

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.