Van ECK Associates Corp Has $104.38 Million Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Van ECK Associates Corp boosted its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 49.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 960,269 shares of the technology company's stock after purchasing an additional 318,598 shares during the period. Van ECK Associates Corp owned approximately 1.05% of BWX Technologies worth $104,381,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in BWX Technologies by 0.7% during the first quarter. Vanguard Group Inc. now owns 8,735,898 shares of the technology company's stock worth $896,478,000 after buying an additional 58,680 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of BWX Technologies by 12.7% in 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 during the period. Dimensional Fund Advisors LP boosted its position in BWX Technologies by 6.1% in 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 buying an additional 77,237 shares during the last quarter. Fiera Capital Corp grew its stake in shares of BWX Technologies by 1.1% during the second quarter. Fiera Capital Corp now owns 936,839 shares of the technology company's stock valued at $89,000,000 after acquiring an additional 10,475 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake 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 worth $85,684,000 after acquiring an additional 827,523 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company's stock.

BWX Technologies Stock Down 2.4 %

Shares of NYSE BWXT traded down $2.90 during trading hours on Monday, hitting $119.68. The stock had a trading volume of 2,363,305 shares, compared to its average volume of 615,084. The company has a market capitalization of $10.94 billion, a P/E ratio of 41.60, a P/E/G ratio of 4.38 and a beta of 0.69. The firm's 50-day moving average price is $110.45 and its two-hundred day moving average price is $100.04. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.23 and a current ratio of 2.23. BWX Technologies, Inc. has a 52 week low of $74.62 and a 52 week high of $128.00.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. StockNews.com upgraded BWX Technologies from a "hold" rating to a "buy" rating in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft upped their price objective on BWX Technologies from $113.00 to $129.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Finally, Barclays lowered shares of BWX Technologies from an "equal weight" rating to an "underweight" rating and lifted their price target for the company from $75.00 to $90.00 in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $108.67.

About BWX Technologies

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.