Legato Capital Management LLC Sells 2,493 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Legato Capital Management LLC lowered its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 8.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 26,875 shares of the technology company's stock after selling 2,493 shares during the quarter. Legato Capital Management LLC's holdings in BWX Technologies were worth $2,651,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Ameriflex Group Inc. purchased a new stake in shares of BWX Technologies in the fourth quarter valued at approximately $34,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of BWX Technologies by 200.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock worth $35,000 after purchasing an additional 236 shares during the last quarter. Vermillion Wealth Management Inc. acquired a new position in shares of BWX Technologies during the fourth quarter worth about $40,000. Farther Finance Advisors LLC lifted its stake in shares of BWX Technologies by 109.6% during the first quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock valued at $46,000 after buying an additional 240 shares during the period. Finally, Hazlett Burt & Watson Inc. raised its stake in shares of BWX Technologies by 194.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 632 shares of the technology company's stock valued at $63,000 after acquiring an additional 417 shares during the period. Institutional investors own 94.39% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BWXT. CLSA reaffirmed an "outperform" rating and issued a $177.60 target price (up previously from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. Bank of America reduced their target price on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, March 26th. Finally, Maxim Group lowered their price objective on BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, BWX Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $137.94.

BWX Technologies Stock Performance

Shares of BWXT stock opened at $140.19 on Wednesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.02 and a quick ratio of 1.91. The company has a market cap of $12.81 billion, a P/E ratio of 44.65, a P/E/G ratio of 3.55 and a beta of 0.70. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $145.33. The firm has a 50-day moving average of $132.53 and a 200-day moving average of $115.87.

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

BWX Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Monday, May 19th. BWX Technologies's dividend payout ratio is currently 31.85%.

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.

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