BWX Technologies, Inc. $BWXT Stock Sold by King Luther Capital Management Corp

King Luther Capital Management Corp decreased its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 8.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 235,202 shares of the technology company’s stock after selling 22,187 shares during the period. King Luther Capital Management Corp owned 0.26% of BWX Technologies worth $32,223,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Transamerica Financial Advisors LLC acquired a new stake in BWX Technologies in the 2nd quarter valued at about $26,000. Security National Bank of SO Dak acquired a new position in shares of BWX Technologies during the second quarter worth approximately $29,000. Byrne Asset Management LLC acquired a new position in shares of BWX Technologies during the third quarter worth approximately $34,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of BWX Technologies during the second quarter worth approximately $40,000. Finally, Root Financial Partners LLC bought a new stake in shares of BWX Technologies during the third quarter valued at approximately $40,000. Institutional investors own 94.39% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BWXT. BNP Paribas Exane lowered their price target on shares of BWX Technologies from $190.00 to $165.00 and set a “neutral” rating for the company in a report on Thursday, September 24th. Wall Street Zen lowered BWX Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Northland Securities lowered their target price on BWX Technologies from $250.00 to $220.00 and set an “outperform” rating for the company in a research note on Wednesday, September 30th. BTIG Research reissued a “buy” rating and issued a $235.00 target price on shares of BWX Technologies in a research note on Wednesday, September 30th. Finally, Wells Fargo & Company upgraded BWX Technologies from an “underweight” rating to an “equal weight” rating and dropped their target price for the stock from $200.00 to $170.00 in a research report on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, BWX Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $205.00.

BWX Technologies Stock Down 0.8%

Shares of NYSE BWXT opened at $125.60 on Thursday. BWX Technologies, Inc. has a 1 year low of $112.54 and a 1 year high of $241.82. The firm’s 50-day moving average is $138.85 and its 200-day moving average is $181.41. The company has a current ratio of 1.88, a quick ratio of 1.84 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $11.51 billion, a PE ratio of 30.78, a price-to-earnings-growth ratio of 1.87 and a beta of 0.75.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, November 2nd. The technology company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. BWX Technologies had a net margin of 10.41% and a return on equity of 31.65%. The business had revenue of $952.97 million during the quarter, compared to the consensus estimate of $970.52 million. During the same period in the previous year, the firm posted $1.00 earnings per share. BWX Technologies’s revenue for the quarter was up 10.0% compared to the same quarter last year. Equities analysts expect that BWX Technologies, Inc. will post 4.76 EPS for the current year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, November 19th. BWX Technologies’s payout ratio is currently 26.47%.

About BWX Technologies

BWX Technologies, Inc. (NYSE: BWXT) is a supplier of nuclear components, fuel and services for government and commercial customers. Its work includes designing and manufacturing nuclear reactors and related equipment for the U.S. Navy’s nuclear-powered fleet, as well as providing engineering, maintenance and other services to government nuclear programs. Through its commercial operations, BWXT supplies components and services for nuclear power plants and supports activities such as nuclear facility decommissioning and waste management.