Federated Hermes Inc. Has $7.71 Million Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Key Points

• Federated Hermes Inc. increased its stake in BWX Technologies by 802.1% during Q1, now holding $7.71 million worth of shares.
• BWX Technologies reported earnings per share of $0.91 for the last quarter, exceeding estimates by $0.18, along with a 13% revenue increase year-over-year.
• The company announced a quarterly dividend of $0.25, representing an annual yield of 0.7% and a payout ratio of 31.85%.

Federated Hermes Inc. grew its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 802.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,107 shares of the technology company's stock after purchasing an additional 69,449 shares during the period. Federated Hermes Inc. owned about 0.09% of BWX Technologies worth $7,705,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BWXT. LPL Financial LLC grew its position in BWX Technologies by 69.4% in the 4th quarter. LPL Financial LLC now owns 54,552 shares of the technology company's stock worth $6,077,000 after purchasing an additional 22,340 shares during the last quarter. JPMorgan Chase & Co. grew its position in BWX Technologies by 6.8% in the 4th quarter. JPMorgan Chase & Co. now owns 290,653 shares of the technology company's stock worth $32,376,000 after purchasing an additional 18,382 shares during the last quarter. Pictet Asset Management Holding SA boosted its position in shares of BWX Technologies by 12.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 13,532 shares of the technology company's stock valued at $1,507,000 after acquiring an additional 1,478 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of BWX Technologies by 14.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 4,437 shares of the technology company's stock valued at $494,000 after acquiring an additional 561 shares in the last quarter. Finally, Huntington National Bank boosted its position in shares of BWX Technologies by 13.9% during the 4th quarter. Huntington National Bank now owns 1,647 shares of the technology company's stock valued at $183,000 after acquiring an additional 201 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Trading Down 1.5%

Shares of BWX Technologies stock opened at $149.59 on Friday. The company has a market capitalization of $13.67 billion, a price-to-earnings ratio of 47.64, a PEG ratio of 3.78 and a beta of 0.73. The company has a quick ratio of 1.91, a current ratio of 2.02 and a debt-to-equity ratio of 1.08. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $153.53. The firm's 50-day moving average price is $138.70 and its two-hundred day moving average price is $117.72.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.18. BWX Technologies had a net margin of 10.39% and a return on equity of 30.26%. The company had revenue of $682.26 million for the quarter, compared to the consensus estimate of $644.15 million. During the same period last year, the company posted $0.76 EPS. The firm's quarterly revenue was up 13.0% compared to the same quarter last year. On average, analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, May 19th. BWX Technologies's dividend payout ratio (DPR) is 31.85%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Maxim Group cut their price target on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, May 8th. William Blair reiterated an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. Wall Street Zen upgraded shares of BWX Technologies from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $150.00 price objective (up previously from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. Finally, CLSA reiterated an "outperform" rating and issued a $177.60 price target (up previously from $153.00) on shares of BWX Technologies in a report on Tuesday, May 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.

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