Natixis Advisors LLC Has $14.14 Million Stake in BWX Technologies, Inc. (NYSE:BWXT)

Key Points

• Natixis Advisors LLC reduced its stake in BWX Technologies by 3.0%, maintaining 143,362 shares worth approximately $14.14 million as of the end of Q1.
• BWX Technologies reported a strong performance for the last quarter, with $682.26 million in revenue and earnings per share (EPS) of $0.91, exceeding analyst expectations.
• The company recently announced a quarterly dividend of $0.25, reflecting an annualized payout of $1.00 and a dividend yield of 0.7%.

Natixis Advisors LLC lowered its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 3.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,362 shares of the technology company's stock after selling 4,370 shares during the quarter. Natixis Advisors LLC owned 0.16% of BWX Technologies worth $14,142,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vontobel Holding Ltd. acquired a new position in BWX Technologies in the 1st quarter worth $383,000. Synergy Asset Management LLC acquired a new stake in shares of BWX Technologies in the 1st quarter valued at about $296,000. Clear Creek Financial Management LLC acquired a new stake in shares of BWX Technologies in the 1st quarter valued at about $223,000. Artemis Investment Management LLP bought a new stake in shares of BWX Technologies in the first quarter valued at about $19,331,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of BWX Technologies by 343.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 33,063 shares of the technology company's stock worth $3,262,000 after buying an additional 25,615 shares during the period. Institutional investors and hedge funds own 94.39% of the company's stock.

BWX Technologies Stock Performance

NYSE BWXT opened at $149.59 on Monday. The firm has a market capitalization of $13.67 billion, a P/E ratio of 47.64, a price-to-earnings-growth ratio of 3.78 and a beta of 0.73. The company has a current ratio of 2.02, a quick ratio of 1.91 and a debt-to-equity ratio of 1.08. The firm's fifty day moving average price is $138.70 and its two-hundred day moving average price is $117.69. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $153.53.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share (EPS) 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 analysts' expectations of $644.15 million. During the same period in the prior year, the firm earned $0.76 EPS. BWX Technologies's quarterly revenue was up 13.0% compared to the same quarter last year. As a group, research analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, May 19th. BWX Technologies's dividend payout ratio (DPR) is presently 31.85%.

Analyst Ratings Changes

BWXT has been the topic of a number of recent research reports. Wall Street Zen raised BWX Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $150.00 price target (up from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. Maxim Group cut their price objective on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. 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 report on Tuesday, May 27th. Finally, William Blair reissued an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $137.94.

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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