Freemont Management S.A. Purchases Shares of 11,800 BWX Technologies, Inc. (NYSE:BWXT)

Freemont Management S.A. bought a new position in shares of BWX Technologies, Inc. (NYSE:BWXT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,800 shares of the technology company’s stock, valued at approximately $1,121,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its stake in BWX Technologies by 77.6% in the first quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock valued at $28,000 after purchasing an additional 118 shares during the last quarter. Blue Trust Inc. boosted its position in BWX Technologies by 37.2% during the second quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock valued at $46,000 after buying an additional 121 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of BWX Technologies by 2.9% during the second quarter. Commonwealth Equity Services LLC now owns 5,293 shares of the technology company’s stock worth $503,000 after purchasing an additional 149 shares during the period. Stephens Inc. AR raised its stake in BWX Technologies by 0.9% in the fourth quarter. Stephens Inc. AR now owns 16,286 shares of the technology company’s stock worth $1,250,000 after buying an additional 151 shares in the last quarter. Finally, Quent Capital LLC increased its stake in shares of BWX Technologies by 146.6% during the first quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock valued at $26,000 after purchasing an additional 151 shares in the last quarter. 94.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. CLSA started coverage on shares of BWX Technologies in a report on Monday, June 3rd. They set a “buy” rating on the stock. BTIG Research started coverage on shares of BWX Technologies in a research note on Wednesday, June 26th. They set a “buy” rating and a $110.00 target price for the company. Janney Montgomery Scott initiated coverage on shares of BWX Technologies in a research note on Thursday, June 27th. They set a “buy” rating and a $113.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of BWX Technologies from $112.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. 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.com, BWX Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $102.57.

BWX Technologies Stock Performance

BWXT traded up $0.64 on Monday, hitting $96.38. 8,251 shares of the company traded hands, compared to its average volume of 561,603. The stock has a market capitalization of $8.81 billion, a PE ratio of 34.56, a PEG ratio of 3.48 and a beta of 0.71. The company has a 50 day moving average of $98.65 and a 200-day moving average of $96.21. BWX Technologies, Inc. has a 12-month low of $71.55 and a 12-month high of $107.18. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.21.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, August 5th. The technology company reported $0.82 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 for the quarter, compared to analysts’ expectations of $639.31 million. During the same quarter in the prior year, the firm earned $0.65 EPS. BWX Technologies’s quarterly revenue was up 11.3% on a year-over-year basis. Sell-side analysts anticipate that BWX Technologies, Inc. will post 3.2 earnings per share for the current year.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Friday, August 16th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Friday, August 16th. BWX Technologies’s dividend payout ratio (DPR) 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.