King Luther Capital Management Corp Buys 11,618 Shares of BWX Technologies, Inc. (NYSE:BWXT)

King Luther Capital Management Corp grew its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 13.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,212 shares of the technology company’s stock after buying an additional 11,618 shares during the quarter. King Luther Capital Management Corp owned 0.11% of BWX Technologies worth $10,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. increased its position in shares of BWX Technologies by 10.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 6,673 shares of the technology company’s stock valued at $725,000 after purchasing an additional 637 shares during the last quarter. Hilton Capital Management LLC purchased a new position in BWX Technologies in the 3rd quarter worth approximately $2,237,000. Commerce Bank bought a new position in shares of BWX Technologies during the third quarter worth $235,000. Premier Fund Managers Ltd grew its position in shares of BWX Technologies by 3.9% during the third quarter. Premier Fund Managers Ltd now owns 50,380 shares of the technology company’s stock valued at $5,470,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Prospera Financial Services Inc raised its stake in BWX Technologies by 81.1% during the third quarter. Prospera Financial Services Inc now owns 3,818 shares of the technology company’s stock valued at $415,000 after purchasing an additional 1,710 shares in the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BWXT has been the topic of several recent research reports. Bank of America upped their target price on shares of BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft lifted their target price on BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target for the company in a report on Tuesday, November 12th. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Truist Financial increased their target price on BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $122.43.

BWX Technologies Stock Performance

BWXT opened at $133.42 on Friday. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies, Inc. has a 52-week low of $74.69 and a 52-week high of $136.31. The company has a market cap of $12.20 billion, a P/E ratio of 44.18, a price-to-earnings-growth ratio of 4.37 and a beta of 0.69. The firm’s 50-day moving average price is $117.14 and its 200-day moving average price is $102.76.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.06. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm had revenue of $672.00 million during the quarter, compared to analysts’ expectations of $658.84 million. During the same period last year, the business posted $0.67 earnings per share. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, equities analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Tuesday, November 19th. BWX Technologies’s dividend payout ratio is currently 31.79%.

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.