Pacific Capital Partners Ltd Invests $1.23 Million in BWX Technologies, Inc. (NYSE:BWXT)

Pacific Capital Partners Ltd acquired a new position in shares of BWX Technologies, Inc. (NYSE:BWXT) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,500 shares of the technology company’s stock, valued at approximately $1,233,000.

Several other large investors have also made changes to their positions in the company. Vontobel Holding Ltd. acquired a new position in shares of BWX Technologies during the 1st quarter worth approximately $383,000. Synergy Asset Management LLC acquired a new position in shares of BWX Technologies during the 1st quarter worth approximately $296,000. Clear Creek Financial Management LLC acquired a new stake in BWX Technologies during the first quarter worth approximately $223,000. Artemis Investment Management LLP acquired a new stake in shares of BWX Technologies during the 1st quarter worth $19,331,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in BWX Technologies by 343.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 33,063 shares of the technology company’s stock worth $3,262,000 after buying an additional 25,615 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Trading Up 0.3%

BWX Technologies stock opened at $150.28 on Wednesday. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $151.41. The company has a current ratio of 2.02, a quick ratio of 1.91 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $13.73 billion, a price-to-earnings ratio of 47.86, a P/E/G ratio of 3.79 and a beta of 0.70. The firm has a 50 day moving average of $135.52 and a 200 day moving average of $116.76.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.73 by $0.18. The company had revenue of $682.26 million during the quarter, compared to analyst estimates of $644.15 million. BWX Technologies had a return on equity of 30.26% and a net margin of 10.39%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the business posted $0.76 earnings per share. As a group, research analysts predict that BWX Technologies, Inc. will post 3.23 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 5th. Shareholders of record on Monday, May 19th were given a dividend of $0.25 per share. The ex-dividend date was Monday, May 19th. This represents a $1.00 annualized dividend and a dividend yield of 0.67%. BWX Technologies’s dividend payout ratio (DPR) is presently 31.85%.

Analyst Ratings Changes

BWXT has been the topic of a number of research analyst reports. Maxim Group reduced their target price on BWX Technologies from $140.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Seaport Res Ptn raised BWX Technologies to a “strong-buy” rating in a research report on Tuesday, April 1st. 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 issued a $177.60 price objective (up previously from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. Finally, Wall Street Zen raised BWX Technologies from a “hold” rating to a “buy” rating in a report on Saturday, July 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $137.94.

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.