Keeley Teton Advisors LLC Has $1.53 Million Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Keeley Teton Advisors LLC reduced its position in BWX Technologies, Inc. (NYSE:BWXT) by 31.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,856 shares of the technology company’s stock after selling 6,761 shares during the period. Keeley Teton Advisors LLC’s holdings in BWX Technologies were worth $1,525,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. raised its holdings in shares of BWX Technologies by 11,107.7% during the 1st quarter. Bessemer Group Inc. now owns 834,973 shares of the technology company’s stock valued at $85,684,000 after purchasing an additional 827,523 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of BWX Technologies during the 1st quarter worth about $42,106,000. Frontier Capital Management Co. LLC increased its holdings 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 valued at $74,222,000 after acquiring an additional 216,525 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of BWX Technologies by 97.7% in the 1st quarter. Van ECK Associates Corp now owns 358,199 shares of the technology company’s stock valued at $36,759,000 after acquiring an additional 177,030 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in BWX Technologies by 41.3% during the fourth quarter. First Trust Advisors LP now owns 330,559 shares of the technology company’s stock valued at $25,364,000 after purchasing an additional 96,629 shares during the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BWXT shares. CLSA initiated coverage on shares of BWX Technologies in a report on Monday, June 3rd. They set a “buy” rating for the company. Janney Montgomery Scott assumed coverage on BWX Technologies in a research note on Thursday, June 27th. They issued a “buy” rating and a $113.00 price objective on the stock. BTIG Research started coverage on BWX Technologies in a research note on Wednesday, June 26th. They set a “buy” rating and a $110.00 target price for the company. Barclays downgraded BWX Technologies from an “equal weight” rating to an “underweight” rating and lifted their price target for the stock from $75.00 to $90.00 in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on BWX Technologies from $110.00 to $107.00 and set a “buy” rating for the company in a research report on Monday, June 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, BWX Technologies has an average rating of “Moderate Buy” and a consensus price target of $98.00.

BWX Technologies Stock Performance

Shares of NYSE:BWXT traded up $0.41 during trading on Friday, hitting $99.14. 536,869 shares of the stock were exchanged, compared to its average volume of 443,795. The company has a market capitalization of $9.06 billion, a price-to-earnings ratio of 35.79, a price-to-earnings-growth ratio of 3.65 and a beta of 0.69. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.24 and a current ratio of 2.24. BWX Technologies, Inc. has a 1-year low of $67.91 and a 1-year high of $107.18. The company’s fifty day simple moving average is $93.87 and its 200-day simple moving average is $92.68.

BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, May 6th. The technology company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.67 by $0.09. The firm had revenue of $603.97 million during the quarter, compared to analysts’ expectations of $599.92 million. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. BWX Technologies’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the business earned $0.70 earnings per share. Sell-side analysts expect that BWX Technologies, Inc. will post 3.19 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Friday, May 17th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.97%. BWX Technologies’s dividend payout ratio (DPR) 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.