King Luther Capital Management Corp Purchases 79,594 Shares of BWX Technologies, Inc. (NYSE:BWXT)

King Luther Capital Management Corp grew its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 994.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,594 shares of the technology company’s stock after acquiring an additional 79,594 shares during the period. King Luther Capital Management Corp owned about 0.10% of BWX Technologies worth $8,321,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BWXT. Quent Capital LLC raised its position in BWX Technologies by 146.6% during the 1st quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock valued at $26,000 after purchasing an additional 151 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of BWX Technologies by 77.6% during the first quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock valued at $28,000 after acquiring an additional 118 shares in the last quarter. Toth Financial Advisory Corp lifted its stake in BWX Technologies by 1,500.0% in the first quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock worth $33,000 after acquiring an additional 300 shares during the period. Blue Trust Inc. boosted its holdings in BWX Technologies by 37.2% in the second quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock valued at $46,000 after acquiring an additional 121 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in BWX Technologies during the 2nd quarter valued at $45,000. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BWXT shares. Janney Montgomery Scott assumed coverage on shares of BWX Technologies in a research report on Thursday, June 27th. They issued a “buy” rating and a $113.00 target price for the company. StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Barclays downgraded BWX Technologies from an “equal weight” rating to an “underweight” rating and upped their target price for the stock from $75.00 to $90.00 in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised their target price on BWX Technologies from $112.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Finally, BTIG Research began coverage on BWX Technologies in a research note on Wednesday, June 26th. They issued a “buy” rating and a $110.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $102.57.

BWX Technologies Stock Performance

BWX Technologies stock opened at $102.88 on Friday. BWX Technologies, Inc. has a twelve month low of $72.14 and a twelve month high of $107.18. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $9.40 billion, a P/E ratio of 37.14, a PEG ratio of 3.51 and a beta of 0.71. The stock’s 50 day moving average is $99.13 and its 200 day moving average is $96.34.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, August 5th. The technology company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. The firm had revenue of $681.50 million for the quarter, compared to analysts’ expectations of $639.31 million. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 earnings per share. On average, equities research analysts predict that BWX Technologies, Inc. will post 3.2 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 16th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Friday, August 16th. BWX Technologies’s payout ratio is 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.