Westwood Holdings Group Inc. Acquires New Position in BWX Technologies, Inc. (NYSE:BWXT)

Westwood Holdings Group Inc. acquired a new position in shares of BWX Technologies, Inc. (NYSE:BWXT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 95,558 shares of the technology company’s stock, valued at approximately $9,078,000. Westwood Holdings Group Inc. owned approximately 0.10% of BWX Technologies at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BWXT. Bessemer Group Inc. increased its position in shares of BWX Technologies by 11,107.7% in the first quarter. Bessemer Group Inc. now owns 834,973 shares of the technology company’s stock valued at $85,684,000 after buying an additional 827,523 shares in the last quarter. Thrivent Financial for Lutherans raised its position in BWX Technologies by 1,121.6% during the second quarter. Thrivent Financial for Lutherans now owns 578,068 shares of the technology company’s stock worth $54,916,000 after acquiring an additional 530,749 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in BWX Technologies during the first quarter worth about $42,106,000. Sapient Capital LLC purchased a new stake in shares of BWX Technologies in the second quarter valued at about $29,408,000. Finally, Van ECK Associates Corp grew its position in shares of BWX Technologies by 79.1% in the second quarter. Van ECK Associates Corp now owns 641,671 shares of the technology company’s stock valued at $60,958,000 after purchasing an additional 283,472 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of BWX Technologies from $112.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. CLSA assumed coverage on BWX Technologies in a report on Monday, June 3rd. They issued a “buy” rating for the company. Janney Montgomery Scott assumed coverage on BWX Technologies in a report on Thursday, June 27th. They set a “buy” rating and a $113.00 price objective on the stock. StockNews.com upgraded BWX Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Finally, BTIG Research initiated 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 research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $102.57.

BWX Technologies Trading Up 4.9 %

NYSE:BWXT opened at $102.84 on Friday. BWX Technologies, Inc. has a 1 year low of $72.14 and a 1 year high of $107.18. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.23 and a current ratio of 2.23. The stock has a market cap of $9.40 billion, a price-to-earnings ratio of 37.13, a PEG ratio of 3.51 and a beta of 0.71. The business has a fifty day moving average of $99.13 and a 200-day moving average of $96.28.

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

BWX Technologies Announces Dividend

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