Sequoia Financial Advisors LLC Purchases 3,716 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Sequoia Financial Advisors LLC grew its position in BWX Technologies, Inc. (NYSE:BWXT) by 9.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,322 shares of the technology company’s stock after buying an additional 3,716 shares during the period. Sequoia Financial Advisors LLC’s holdings in BWX Technologies were worth $4,274,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Ameriflex Group Inc. bought a new stake in shares of BWX Technologies in the 4th quarter valued at about $34,000. Principal Securities Inc. boosted its stake in BWX Technologies by 40.4% in the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company’s stock worth $35,000 after purchasing an additional 91 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in BWX Technologies by 200.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company’s stock worth $35,000 after purchasing an additional 236 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new stake in BWX Technologies in the 4th quarter worth approximately $40,000. Finally, Farther Finance Advisors LLC boosted its stake in BWX Technologies by 109.6% in the 1st quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company’s stock worth $46,000 after purchasing an additional 240 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Seaport Res Ptn upgraded shares of BWX Technologies to a “strong-buy” rating in a research note on Tuesday, April 1st. William Blair reiterated an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, June 18th. CLSA reiterated an “outperform” rating and issued a $177.60 target price (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Bank of America lowered their target price on shares of BWX Technologies from $160.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, March 26th. Finally, Wall Street Zen cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, BWX Technologies currently has an average rating of “Moderate Buy” and an average price target of $135.09.

BWX Technologies Stock Performance

BWXT opened at $143.32 on Friday. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $145.33. 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 $13.09 billion, a PE ratio of 45.64, a P/E/G ratio of 3.57 and a beta of 0.66. The firm has a 50 day moving average of $121.37 and a two-hundred day moving average of $112.84.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 10.39% and a return on equity of 30.26%. BWX Technologies’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the firm posted $0.76 EPS. On average, analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Monday, May 19th. BWX Technologies’s payout ratio is presently 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.