Compass Wealth Management LLC Boosts Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Compass Wealth Management LLC raised its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 13.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,435 shares of the technology company’s stock after acquiring an additional 3,830 shares during the period. Compass Wealth Management LLC’s holdings in BWX Technologies were worth $3,101,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Demars Financial Group LLC grew its holdings in shares of BWX Technologies by 9,309.0% in 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 during the period. Raymond James Financial Inc. acquired a new stake in shares of BWX Technologies in the 4th quarter worth approximately $69,730,000. Balyasny Asset Management L.P. grew its holdings in shares of BWX Technologies by 204.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 916,323 shares of the technology company’s stock worth $102,069,000 after acquiring an additional 615,693 shares during the period. Blair William & Co. IL grew its holdings in shares of BWX Technologies by 949.0% in the 4th quarter. Blair William & Co. IL now owns 424,821 shares of the technology company’s stock worth $47,321,000 after acquiring an additional 384,323 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of BWX Technologies by 248.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 453,680 shares of the technology company’s stock worth $50,537,000 after acquiring an additional 323,445 shares during the period. Institutional investors and hedge funds own 94.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on BWXT shares. Wall Street Zen cut BWX Technologies from a “buy” rating to a “hold” rating in a report on Saturday, June 21st. Seaport Res Ptn upgraded BWX Technologies to a “strong-buy” rating in a report on Tuesday, April 1st. William Blair reiterated an “outperform” rating on shares of BWX Technologies in a report on Wednesday, June 18th. CLSA reiterated an “outperform” rating and set a $177.60 target price (up previously from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. Finally, Maxim Group decreased their price objective on BWX Technologies from $140.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. One investment 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. Based on data from MarketBeat, BWX Technologies presently has an average rating of “Moderate Buy” and an average price target of $135.09.

BWX Technologies Trading Up 3.8%

NYSE:BWXT opened at $146.06 on Friday. The company has a quick ratio of 1.91, a current ratio of 2.02 and a debt-to-equity ratio of 1.08. BWX Technologies, Inc. has a 1-year low of $84.21 and a 1-year high of $145.33. The firm has a market capitalization of $13.34 billion, a price-to-earnings ratio of 46.52, a price-to-earnings-growth ratio of 3.59 and a beta of 0.70. The stock has a fifty day simple moving average of $125.24 and a 200 day simple moving average of $113.60.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, May 5th. The technology company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.18. The firm had revenue of $682.26 million during 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 business’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.76 EPS. Sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Monday, May 19th. BWX Technologies’s dividend payout ratio is currently 31.85%.

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.