King Luther Capital Management Corp Purchases 11,618 Shares of BWX Technologies, Inc. (NYSE:BWXT)

King Luther Capital Management Corp raised its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 13.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,212 shares of the technology company's stock after buying an additional 11,618 shares during the period. King Luther Capital Management Corp owned about 0.11% of BWX Technologies worth $10,784,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC lifted its position in BWX Technologies by 12.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,707,832 shares of the technology company's stock valued at $162,244,000 after purchasing an additional 192,042 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of BWX Technologies by 6.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,343,076 shares of the technology company's stock valued at $127,593,000 after acquiring an additional 77,237 shares during the period. Van ECK Associates Corp increased its holdings in BWX Technologies by 49.7% in the 3rd quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company's stock worth $104,381,000 after acquiring an additional 318,598 shares in the last quarter. Fiera Capital Corp raised its stake in BWX Technologies by 1.1% during the 2nd quarter. Fiera Capital Corp now owns 936,839 shares of the technology company's stock worth $89,000,000 after acquiring an additional 10,475 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in shares of BWX Technologies by 29.1% in the third quarter. Thrivent Financial for Lutherans now owns 746,145 shares of the technology company's stock worth $81,105,000 after purchasing an additional 168,077 shares during the period. Hedge funds and other institutional investors own 94.39% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Bank of America raised their price objective on shares of BWX Technologies from $115.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Alembic Global Advisors raised BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 price objective for the company in a research note on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft lifted their target price on BWX Technologies from $129.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. StockNews.com cut shares of BWX Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th. Finally, Truist Financial upped their target price on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, BWX Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.43.

BWX Technologies Price Performance

Shares of BWXT stock traded down $0.39 on Friday, reaching $132.89. The company's stock had a trading volume of 1,050,992 shares, compared to its average volume of 648,990. The stock's fifty day simple moving average is $117.84 and its 200-day simple moving average is $102.97. BWX Technologies, Inc. has a 1 year low of $74.69 and a 1 year high of $136.31. The company has a market capitalization of $12.15 billion, a price-to-earnings ratio of 43.99, a price-to-earnings-growth ratio of 4.37 and a beta of 0.69. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.06. The business had revenue of $672.00 million during the quarter, compared to analysts' expectations of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The business's revenue was up 13.9% on a year-over-year basis. During the same period last year, the company posted $0.67 EPS. Analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a yield of 0.72%. BWX Technologies's dividend payout ratio (DPR) is presently 31.79%.

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.