BWX Technologies, Inc. (NYSE:BWXT) Shares Bought by King Luther Capital Management Corp

King Luther Capital Management Corp raised its stake in BWX Technologies, Inc. (NYSE:BWXT) by 13.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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’s holdings in BWX Technologies were worth $10,784,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Bank of America upped their price objective on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, November 14th. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their price objective 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 raised shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price on the stock in a research report on Tuesday, November 12th. Finally, Truist Financial lifted their price target on shares of 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 given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $122.43.

BWX Technologies Stock Performance

Shares of BWX Technologies stock opened at $133.42 on Friday. The stock has a market capitalization of $12.20 billion, a price-to-earnings ratio of 44.18, a price-to-earnings-growth ratio of 4.37 and a beta of 0.69. BWX Technologies, Inc. has a 12 month low of $74.69 and a 12 month high of $136.31. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The business has a 50-day moving average of $117.14 and a 200 day moving average of $102.76.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. The business had revenue of $672.00 million for the quarter, compared to analyst estimates of $658.84 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company’s revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 earnings per share. As a group, sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Tuesday, November 19th. BWX Technologies’s dividend payout ratio is presently 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.