Silvercrest Asset Management Group LLC Acquires 48,610 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Silvercrest Asset Management Group LLC grew its stake in BWX Technologies, Inc. (NYSE:BWXT) by 15.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 367,144 shares of the technology company’s stock after buying an additional 48,610 shares during the period. Silvercrest Asset Management Group LLC owned 0.40% of BWX Technologies worth $37,676,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. SG Americas Securities LLC grew its stake in BWX Technologies by 11.7% in the fourth quarter. SG Americas Securities LLC now owns 7,772 shares of the technology company’s stock valued at $596,000 after acquiring an additional 814 shares during the period. Raymond James & Associates lifted its holdings in shares of BWX Technologies by 4.2% in the fourth quarter. Raymond James & Associates now owns 368,827 shares of the technology company’s stock valued at $28,300,000 after purchasing an additional 14,973 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of BWX Technologies by 38.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 21,293 shares of the technology company’s stock valued at $1,634,000 after purchasing an additional 5,879 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of BWX Technologies by 118.1% in the fourth quarter. Pacer Advisors Inc. now owns 16,798 shares of the technology company’s stock valued at $1,289,000 after purchasing an additional 9,095 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in shares of BWX Technologies by 11.0% in the fourth quarter. Venturi Wealth Management LLC now owns 5,830 shares of the technology company’s stock valued at $447,000 after purchasing an additional 580 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BWXT. CLSA began coverage on BWX Technologies in a report on Monday, June 3rd. They issued a “buy” rating on the stock. BTIG Research began coverage on BWX Technologies in a report on Wednesday, June 26th. They issued a “buy” rating and a $110.00 target price on the stock. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. Deutsche Bank Aktiengesellschaft dropped their price target on BWX Technologies from $110.00 to $107.00 and set a “buy” rating on the stock in a report on Monday, June 10th. Finally, Janney Montgomery Scott began coverage on BWX Technologies in a report on Thursday, June 27th. They set a “buy” rating and a $113.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.00.

BWX Technologies Stock Performance

Shares of BWXT traded down $0.07 during mid-day trading on Tuesday, hitting $98.21. The stock had a trading volume of 261,240 shares, compared to its average volume of 580,266. The firm has a market cap of $8.98 billion, a P/E ratio of 35.49, a PEG ratio of 3.67 and a beta of 0.69. The business has a fifty day moving average price of $94.06 and a 200-day moving average price of $93.04. 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 52 week low of $68.15 and a 52 week high of $107.18.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.09. The firm had revenue of $603.97 million for the quarter, compared to analyst estimates of $599.92 million. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.70 earnings per share. On average, equities research analysts expect that BWX Technologies, Inc. will post 3.19 EPS for the current year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Friday, May 17th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Thursday, May 16th. BWX Technologies’s dividend payout ratio (DPR) is presently 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.