King Luther Capital Management Corp Purchases 8,468 Shares of BWX Technologies, Inc. (NYSE:BWXT)

King Luther Capital Management Corp grew its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 107,680 shares of the technology company’s stock after purchasing an additional 8,468 shares during the quarter. King Luther Capital Management Corp’s holdings in BWX Technologies were worth $11,994,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Narwhal Capital Management grew its holdings in BWX Technologies by 33.4% in the 4th quarter. Narwhal Capital Management now owns 20,979 shares of the technology company’s stock valued at $2,337,000 after buying an additional 5,250 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of BWX Technologies by 1.6% in the third quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company’s stock valued at $182,938,000 after acquiring an additional 26,130 shares during the period. Cadinha & Co. LLC grew its stake in shares of BWX Technologies by 469.2% in the fourth quarter. Cadinha & Co. LLC now owns 64,341 shares of the technology company’s stock worth $7,167,000 after acquiring an additional 53,038 shares during the last quarter. Cooper Financial Group bought a new position in BWX Technologies during the fourth quarter worth $737,000. Finally, Strategic Planning Group LLC bought a new position in BWX Technologies during the fourth quarter worth $3,005,000. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Price Performance

BWX Technologies stock opened at $97.01 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The business has a 50 day simple moving average of $111.48 and a 200 day simple moving average of $114.47. BWX Technologies, Inc. has a one year low of $86.70 and a one year high of $136.31. The company has a market capitalization of $8.87 billion, a PE ratio of 32.12, a price-to-earnings-growth ratio of 3.20 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.12. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The business had revenue of $746.27 million for the quarter, compared to analyst estimates of $653.16 million. On average, sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. This is a boost from BWX Technologies’s previous quarterly dividend of $0.24. BWX Technologies’s payout ratio is 32.57%.

Insider Transactions at BWX Technologies

In other news, SVP Robert L. Duffy sold 6,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total transaction of $624,180.00. Following the completion of the sale, the senior vice president now owns 3,206 shares in the company, valued at $333,520.18. The trade was a 65.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Rex D. Geveden sold 45,625 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $107.40, for a total transaction of $4,900,125.00. Following the completion of the transaction, the chief executive officer now directly owns 218,218 shares in the company, valued at $23,436,613.20. This trade represents a 17.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 53,625 shares of company stock valued at $5,734,145 in the last three months. 0.47% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BWXT. Maxim Group raised their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Alembic Global Advisors raised BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price on the stock in a research report on Tuesday, November 12th. Bank of America upped their price target on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Barclays lifted their price objective on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a report on Monday, December 16th. Finally, Truist Financial upped their target price on BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $127.50.

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.