Royce & Associates LP Has $15.23 Million Position in BWX Technologies, Inc. (NYSE:BWXT)

Key Points

• Royce & Associates LP increased its stake in BWX Technologies, Inc. by 6.8% in the first quarter, owning approximately $15.23 million worth of shares after acquiring 9,828 additional shares.
• BWX Technologies recently reported a quarterly earnings per share of $0.91, exceeding analysts' estimates, and cited a 13.0% revenue increase year-over-year.
• The company announced a quarterly dividend of $0.25 per share, which provides a 0.68% dividend yield and reflects a payout ratio of 31.85%.

Royce & Associates LP increased its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 6.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 154,392 shares of the technology company's stock after purchasing an additional 9,828 shares during the quarter. Royce & Associates LP owned about 0.17% of BWX Technologies worth $15,231,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in BWX Technologies by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 9,211,924 shares of the technology company's stock worth $1,026,116,000 after purchasing an additional 202,917 shares during the period. Demars Financial Group LLC lifted its holdings in BWX Technologies by 9,309.0% in the 4th quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company's stock valued at $499,299,000 after acquiring an additional 4,434,799 shares during the last quarter. Franklin Resources Inc. lifted its holdings in BWX Technologies by 8.5% in the 4th quarter. Franklin Resources Inc. now owns 2,315,671 shares of the technology company's stock valued at $257,943,000 after acquiring an additional 182,311 shares during the last quarter. Bessemer Group Inc. lifted its holdings in BWX Technologies by 1.6% in the 1st quarter. Bessemer Group Inc. now owns 1,038,223 shares of the technology company's stock valued at $102,419,000 after acquiring an additional 16,262 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in BWX Technologies by 204.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 916,323 shares of the technology company's stock valued at $102,069,000 after acquiring an additional 615,693 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company's stock.

BWX Technologies Stock Performance

Shares of BWXT traded up $4.04 during mid-day trading on Friday, hitting $147.88. The company's stock had a trading volume of 1,026,203 shares, compared to its average volume of 1,007,573. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $148.75. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.91 and a current ratio of 2.02. The firm has a market capitalization of $13.51 billion, a PE ratio of 47.10, a price-to-earnings-growth ratio of 3.63 and a beta of 0.70. The stock's 50-day moving average is $134.72 and its two-hundred day moving average is $116.48.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.18. The company had revenue of $682.26 million during the quarter, compared to analysts' expectations of $644.15 million. BWX Technologies had a return on equity of 30.26% and a net margin of 10.39%. BWX Technologies's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 earnings per share. As a group, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.68%. BWX Technologies's payout ratio is 31.85%.

Analysts Set New Price Targets

BWXT has been the subject of a number of research analyst reports. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. CLSA reaffirmed an "outperform" rating and set a $177.60 price objective (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Wall Street Zen raised shares of BWX Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $150.00 price objective (up from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. Finally, William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, BWX Technologies presently has an average rating of "Moderate Buy" and an average target price of $137.94.

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.