King Luther Capital Management Corp Acquires 79,594 Shares of BWX Technologies, Inc. (NYSE:BWXT)

King Luther Capital Management Corp raised its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 994.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 87,594 shares of the technology company’s stock after purchasing an additional 79,594 shares during the quarter. King Luther Capital Management Corp’s holdings in BWX Technologies were worth $8,321,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in BWXT. Vanguard Group Inc. grew its holdings in shares of BWX Technologies by 0.7% in the first quarter. Vanguard Group Inc. now owns 8,735,898 shares of the technology company’s stock worth $896,478,000 after acquiring an additional 58,680 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of 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 buying an additional 77,237 shares during the last quarter. Frontier Capital Management Co. LLC boosted its stake in shares of BWX Technologies by 28.8% during the 4th quarter. Frontier Capital Management Co. LLC now owns 967,317 shares of the technology company’s stock worth $74,222,000 after acquiring an additional 216,525 shares during the last quarter. Fiera Capital Corp grew its position in shares of BWX Technologies by 1.1% during the 2nd quarter. Fiera Capital Corp now owns 936,839 shares of the technology company’s stock valued at $89,000,000 after acquiring an additional 10,475 shares during the period. Finally, Bessemer Group Inc. increased its stake in shares of BWX Technologies by 11,107.7% in the 1st quarter. Bessemer Group Inc. now owns 834,973 shares of the technology company’s stock worth $85,684,000 after purchasing an additional 827,523 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Analyst Ratings Changes

BWXT has been the topic of several analyst reports. Barclays downgraded BWX Technologies from an “equal weight” rating to an “underweight” rating and lifted their target price for the company from $75.00 to $90.00 in a research report on Wednesday, July 24th. CLSA started coverage on BWX Technologies in a research report on Monday, June 3rd. They set a “buy” rating on the stock. Janney Montgomery Scott began coverage on shares of BWX Technologies in a report on Thursday, June 27th. They issued a “buy” rating and a $113.00 target price for the company. StockNews.com raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of BWX Technologies from $112.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.57.

BWX Technologies Trading Up 5.0 %

BWXT stock opened at $102.88 on Friday. The company has a market capitalization of $9.40 billion, a price-to-earnings ratio of 37.14, a PEG ratio of 3.51 and a beta of 0.71. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.23 and a quick ratio of 2.23. BWX Technologies, Inc. has a 1-year low of $72.14 and a 1-year high of $107.18. The business has a 50 day simple moving average of $99.13 and a two-hundred day simple moving average of $96.34.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, August 5th. The technology company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.06. The company had revenue of $681.50 million during the quarter, compared to analysts’ expectations of $639.31 million. BWX Technologies had a net margin of 10.29% and a return on equity of 31.93%. BWX Technologies’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the company posted $0.65 earnings per share. Research analysts anticipate that BWX Technologies, Inc. will post 3.2 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Friday, August 16th were given a $0.24 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.93%. BWX Technologies’s dividend payout ratio is currently 34.66%.

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.