Bessemer Group Inc. Raises Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Bessemer Group Inc. raised its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 1.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,038,223 shares of the technology company’s stock after acquiring an additional 16,262 shares during the quarter. Bessemer Group Inc.’s holdings in BWX Technologies were worth $102,419,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of BWX Technologies by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 9,211,924 shares of the technology company’s stock worth $1,026,116,000 after purchasing an additional 202,917 shares during the period. Demars Financial Group LLC raised its position in shares of BWX Technologies by 9,309.0% during the 4th quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company’s stock worth $499,299,000 after acquiring an additional 4,434,799 shares in the last quarter. Franklin Resources Inc. raised its stake in BWX Technologies by 8.5% during the 4th quarter. Franklin Resources Inc. now owns 2,315,671 shares of the technology company’s stock worth $257,943,000 after acquiring an additional 182,311 shares in the last quarter. Bank of New York Mellon Corp increased its position in BWX Technologies by 19.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,379,779 shares of the technology company’s stock worth $153,694,000 after buying an additional 228,413 shares during the period. Finally, Balyasny Asset Management L.P. increased its stake in BWX Technologies by 204.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 916,323 shares of the technology company’s stock valued at $102,069,000 after purchasing an additional 615,693 shares during the period. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Trading Down 0.9%

Shares of NYSE BWXT opened at $140.96 on Thursday. The firm has a market capitalization of $12.88 billion, a P/E ratio of 44.89, a P/E/G ratio of 3.58 and a beta of 0.66. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $145.33. The company’s 50 day simple moving average is $119.81 and its 200 day simple moving average is $112.55. 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 (NYSE:BWXT) last released 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 firm had revenue of $682.26 million for the quarter, compared to the consensus estimate of $644.15 million. BWX Technologies had a return on equity of 30.26% and a net margin of 10.39%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the business posted $0.76 EPS. On average, analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.71%. BWX Technologies’s payout ratio is 31.85%.

Wall Street Analyst Weigh In

BWXT has been the topic of a number of recent analyst reports. William Blair reiterated an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, June 18th. CLSA reiterated an “outperform” rating and issued a $177.60 price target (up previously from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. Wall Street Zen cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Bank of America decreased their price objective on shares of BWX Technologies from $160.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, March 26th. Finally, Seaport Res Ptn upgraded BWX Technologies to a “strong-buy” rating in a research note on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $129.84.

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.