Hennion & Walsh Asset Management Inc. Takes Position in BWX Technologies, Inc. (NYSE:BWXT)

Hennion & Walsh Asset Management Inc. purchased a new position in shares of BWX Technologies, Inc. (NYSE:BWXT) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,935 shares of the technology company’s stock, valued at approximately $506,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Toth Financial Advisory Corp lifted its holdings in shares of BWX Technologies by 1,500.0% in the first quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock valued at $33,000 after purchasing an additional 300 shares in the last quarter. Brookmont Capital Management lifted its stake in BWX Technologies by 10.2% in the 1st quarter. Brookmont Capital Management now owns 3,275 shares of the technology company’s stock valued at $336,000 after buying an additional 302 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in BWX Technologies by 105.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,239 shares of the technology company’s stock valued at $1,872,000 after buying an additional 9,344 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. purchased a new position in BWX Technologies during the first quarter worth $1,144,000. Finally, Riverview Trust Co acquired a new position in shares of BWX Technologies in the first quarter worth $56,000. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BWXT. CLSA began coverage on BWX Technologies in a research report on Monday, June 3rd. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft reduced their price objective 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. BTIG Research assumed coverage on shares of BWX Technologies in a research note on Wednesday, June 26th. They issued a “buy” rating and a $110.00 target price for the company. Bank of America boosted their price target on BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $95.00 price objective (down previously from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $96.33.

BWX Technologies Stock Performance

Shares of NYSE:BWXT opened at $94.25 on Wednesday. The business has a 50-day moving average of $91.42 and a two-hundred day moving average of $90.04. The firm has a market capitalization of $8.62 billion, a PE ratio of 34.03, a P/E/G ratio of 3.58 and a beta of 0.69. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.24 and a quick ratio of 2.24. BWX Technologies, Inc. has a 12 month low of $67.91 and a 12 month high of $107.18.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The firm had revenue of $603.97 million during the quarter, compared to the consensus estimate of $599.92 million. BWX Technologies had a net margin of 10.00% and a return on equity of 31.57%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 EPS. As a group, research analysts forecast that BWX Technologies, Inc. will post 3.18 earnings per share for the current year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Friday, May 17th were issued a dividend of $0.24 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.96 annualized dividend and a dividend yield of 1.02%. BWX Technologies’s payout ratio is 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.