Gateway Investment Advisers LLC Takes Position in BWX Technologies, Inc. (NYSE:BWXT)

Gateway Investment Advisers LLC bought a new stake in BWX Technologies, Inc. (NYSE:BWXT) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,103 shares of the technology company’s stock, valued at approximately $216,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in BWX Technologies by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 8,677,218 shares of the technology company’s stock worth $665,803,000 after buying an additional 65,137 shares in the last quarter. Clearbridge Investments LLC lifted its position in BWX Technologies by 0.7% during the fourth quarter. Clearbridge Investments LLC now owns 1,357,980 shares of the technology company’s stock worth $104,198,000 after buying an additional 10,068 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in BWX Technologies by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,048,456 shares of the technology company’s stock worth $80,448,000 after buying an additional 7,782 shares in the last quarter. Frontier Capital Management Co. LLC lifted its position in BWX Technologies by 28.8% during the fourth quarter. Frontier Capital Management Co. LLC now owns 967,317 shares of the technology company’s stock worth $74,222,000 after buying an additional 216,525 shares in the last quarter. Finally, Fiera Capital Corp lifted its position in BWX Technologies by 1.4% during the fourth quarter. Fiera Capital Corp now owns 905,430 shares of the technology company’s stock worth $69,474,000 after buying an additional 12,593 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BWXT. BTIG Research began coverage on BWX Technologies in a research report on Wednesday. They set a “buy” rating and a $110.00 price objective on the stock. Bank of America raised their target price on BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. CLSA started coverage on BWX Technologies in a research note on Monday, June 3rd. They set a “buy” rating for the company. StockNews.com raised BWX Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on BWX Technologies from $110.00 to $107.00 and set a “buy” rating for the company in a research note on Monday, June 10th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $94.25.

BWX Technologies Trading Up 1.3 %

Shares of NYSE BWXT opened at $95.49 on Thursday. BWX Technologies, Inc. has a twelve month low of $67.91 and a twelve month high of $107.18. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.29. The stock has a fifty day simple moving average of $91.28 and a 200-day simple moving average of $89.51. The stock has a market capitalization of $8.73 billion, a PE ratio of 34.47, a PEG ratio of 3.55 and a beta of 0.71.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, May 6th. The technology company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. The business had revenue of $603.97 million during the quarter, compared to analysts’ expectations of $599.92 million. During the same period in the previous year, the firm posted $0.70 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. On average, equities analysts forecast that BWX Technologies, Inc. will post 3.19 earnings per share for the current year.

BWX Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Friday, May 17th were paid a $0.24 dividend. The ex-dividend date was Thursday, May 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.01%. BWX Technologies’s payout ratio is presently 34.66%.

BWX Technologies 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.