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

Hennion & Walsh Asset Management Inc. raised its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 35.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,105 shares of the technology company's stock after purchasing an additional 3,192 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in BWX Technologies were worth $1,348,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of BWXT. Commonwealth Equity Services LLC boosted its holdings in shares of BWX Technologies by 2.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 5,293 shares of the technology company's stock valued at $503,000 after acquiring an additional 149 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in BWX Technologies by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,343,076 shares of the technology company's stock worth $127,593,000 after purchasing an additional 77,237 shares during the last quarter. Renaissance Technologies LLC grew its position in BWX Technologies by 1,284.0% in the 2nd quarter. Renaissance Technologies LLC now owns 69,200 shares of the technology company's stock worth $6,574,000 after purchasing an additional 64,200 shares during the period. Blair William & Co. IL raised its stake in BWX Technologies by 0.8% during the 2nd quarter. Blair William & Co. IL now owns 43,042 shares of the technology company's stock valued at $4,089,000 after buying an additional 331 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of BWX Technologies during the 2nd quarter valued at $479,000. Institutional investors own 94.39% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on BWXT shares. StockNews.com cut BWX Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upped their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Barclays raised their price objective on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an "underweight" rating in a report on Monday, December 16th. Bank of America increased their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Finally, Maxim Group lifted their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $127.50.

BWX Technologies Price Performance

Shares of BWXT traded up $1.62 during mid-day trading on Friday, hitting $122.75. 897,990 shares of the stock were exchanged, compared to its average volume of 703,019. The firm has a 50-day moving average of $121.41 and a two-hundred day moving average of $111.43. BWX Technologies, Inc. has a 52-week low of $78.47 and a 52-week high of $136.31. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The company has a market cap of $11.22 billion, a PE ratio of 40.65, a price-to-earnings-growth ratio of 3.59 and a beta of 0.73.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.06. The business had revenue of $672.00 million during the quarter, compared to analysts' expectations of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The business's revenue was up 13.9% on a year-over-year basis. During the same period last year, the company posted $0.67 EPS. On average, equities analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Tuesday, November 19th. BWX Technologies's dividend payout ratio (DPR) is 31.79%.

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.