Vaughan Nelson Investment Management L.P. Boosts Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Vaughan Nelson Investment Management L.P. lifted its stake in BWX Technologies, Inc. (NYSE:BWXT) by 5.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 433,840 shares of the technology company’s stock after buying an additional 23,525 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.47% of BWX Technologies worth $41,214,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of BWXT. International Assets Investment Management LLC purchased a new position in BWX Technologies during the 4th quarter worth $21,320,000. Cerity Partners LLC lifted its stake in shares of BWX Technologies by 117.7% in the 4th quarter. Cerity Partners LLC now owns 6,136 shares of the technology company’s stock worth $471,000 after acquiring an additional 3,318 shares during the period. Louisiana State Employees Retirement System acquired a new stake in shares of BWX Technologies in the 4th quarter worth $1,972,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of BWX Technologies by 17.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,077 shares of the technology company’s stock worth $1,234,000 after acquiring an additional 2,344 shares during the period. Finally, CWM LLC lifted its stake in shares of BWX Technologies by 85.2% in the 4th quarter. CWM LLC now owns 928 shares of the technology company’s stock worth $71,000 after acquiring an additional 427 shares during the period. 94.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BWXT. CLSA assumed coverage on shares of BWX Technologies in a research note on Monday, June 3rd. They issued a “buy” rating for the company. Barclays cut shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and raised their price objective for the company from $75.00 to $90.00 in a research note on Wednesday, July 24th. StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. BTIG Research assumed coverage on shares of BWX Technologies in a research note on Wednesday, June 26th. They issued a “buy” rating and a $110.00 price objective for the company. Finally, Janney Montgomery Scott assumed coverage on shares of BWX Technologies in a research note on Thursday, June 27th. They issued a “buy” rating and a $113.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $102.57.

BWX Technologies Price Performance

NYSE:BWXT traded up $0.26 during mid-day trading on Friday, hitting $98.22. 636,371 shares of the company’s stock traded hands, compared to its average volume of 580,808. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.24 and a current ratio of 2.24. The firm’s 50 day simple moving average is $96.15 and its 200 day simple moving average is $94.62. BWX Technologies, Inc. has a 1 year low of $70.21 and a 1 year high of $107.18. The company has a market cap of $8.98 billion, a PE ratio of 35.46, a price-to-earnings-growth ratio of 3.65 and a beta of 0.68.

BWX Technologies (NYSE:BWXT) last issued its quarterly 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 business had revenue of $681.50 million during the quarter, compared to the consensus estimate of $639.31 million. BWX Technologies had a net margin of 10.00% and a return on equity of 31.57%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 earnings per share. Sell-side analysts expect that BWX Technologies, Inc. will post 3.19 EPS for the current year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Friday, August 16th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.96 annualized dividend and a yield of 0.98%. BWX Technologies’s dividend payout ratio is presently 34.66%.

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.