BWX Technologies, Inc. (NYSE:BWXT) Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its position in BWX Technologies, Inc. (NYSE:BWXT) by 6,116.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 323,326 shares of the technology company’s stock after purchasing an additional 318,125 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in BWX Technologies were worth $31,896,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Ameriflex Group Inc. purchased a new stake in shares of BWX Technologies in the 4th quarter worth about $34,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of BWX Technologies by 200.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company’s stock valued at $35,000 after purchasing an additional 236 shares in the last quarter. Vermillion Wealth Management Inc. purchased a new stake in shares of BWX Technologies in the fourth quarter valued at about $40,000. Farther Finance Advisors LLC grew its position in shares of BWX Technologies by 109.6% in the first quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company’s stock valued at $46,000 after purchasing an additional 240 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of BWX Technologies during the 4th quarter worth approximately $58,000. Institutional investors and hedge funds own 94.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Bank of America reduced their target price on BWX Technologies from $160.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday, March 26th. Wall Street Zen cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. William Blair reissued an “outperform” rating on shares of BWX Technologies in a research report on Wednesday, June 18th. CLSA reissued an “outperform” rating and set a $177.60 price objective (up previously from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Finally, Seaport Res Ptn raised shares of BWX Technologies to a “strong-buy” rating in a research note on Tuesday, April 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, BWX Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $135.09.

BWX Technologies Trading Up 0.3%

Shares of BWXT stock opened at $140.75 on Thursday. The firm’s 50-day simple moving average is $123.73 and its 200-day simple moving average is $113.25. 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, Inc. has a 1-year low of $84.21 and a 1-year high of $145.33. The firm has a market cap of $12.86 billion, a P/E ratio of 44.82, a PEG ratio of 3.53 and a beta of 0.70.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.18. BWX Technologies had a return on equity of 30.26% and a net margin of 10.39%. The business had revenue of $682.26 million for the quarter, compared to analyst estimates of $644.15 million. During the same period last year, the company posted $0.76 EPS. The business’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, equities analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

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

BWX Technologies Company 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.