Miracle Mile Advisors LLC Purchases 151 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Miracle Mile Advisors LLC grew its position in BWX Technologies, Inc. (NYSE:BWXT) by 0.8% during the first quarter, HoldingsChannel reports. The firm owned 18,669 shares of the technology company’s stock after buying an additional 151 shares during the period. Miracle Mile Advisors LLC’s holdings in BWX Technologies were worth $1,842,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. PFG Advisors lifted its position in shares of BWX Technologies by 69.1% during the 4th quarter. PFG Advisors now owns 17,514 shares of the technology company’s stock valued at $1,951,000 after acquiring an additional 7,154 shares during the period. Royal Bank of Canada lifted its position in shares of BWX Technologies by 7.2% during the 4th quarter. Royal Bank of Canada now owns 253,390 shares of the technology company’s stock valued at $28,225,000 after acquiring an additional 16,961 shares during the period. Stephens Investment Management Group LLC acquired a new position in shares of BWX Technologies during the 4th quarter valued at $50,054,000. SBI Securities Co. Ltd. acquired a new position in shares of BWX Technologies during the 4th quarter valued at $58,000. Finally, ARK Investment Management LLC acquired a new position in shares of BWX Technologies during the 4th quarter valued at $10,573,000. 94.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

BWXT has been the topic of a number of research reports. William Blair initiated coverage on shares of BWX Technologies in a research report on Wednesday, May 28th. They set an “outperform” rating on the stock. Seaport Res Ptn upgraded shares of BWX Technologies to a “strong-buy” rating in a research report on Tuesday, April 1st. 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. Maxim Group decreased their price target 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, Bank of America decreased their price target on shares of BWX Technologies from $160.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $129.84.

BWX Technologies Stock Performance

NYSE BWXT opened at $129.84 on Monday. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $136.31. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The firm has a market cap of $11.86 billion, a price-to-earnings ratio of 42.99, a PEG ratio of 3.20 and a beta of 0.66. The company has a fifty day moving average price of $109.45 and a 200-day moving average price of $111.51.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.18. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The firm had revenue of $682.26 million during the quarter, compared to analyst estimates of $644.15 million. During the same quarter in the prior year, the business posted $0.76 EPS. The business’s revenue was up 13.0% compared to the same quarter last year. As a group, equities research analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a $0.25 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.00 annualized dividend and a dividend yield of 0.77%. BWX Technologies’s payout ratio is 31.85%.

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.