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

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

A number of other hedge funds and other institutional investors have also modified their holdings of BWXT. Bessemer Group Inc. increased its position in shares of BWX Technologies by 11,107.7% during the first quarter. Bessemer Group Inc. now owns 834,973 shares of the technology company’s stock worth $85,684,000 after acquiring an additional 827,523 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of BWX Technologies during the first quarter valued at $42,106,000. Sapient Capital LLC acquired a new stake in shares of BWX Technologies in the second quarter valued at approximately $29,408,000. Van ECK Associates Corp increased its holdings in shares of BWX Technologies by 79.1% during the second quarter. Van ECK Associates Corp now owns 641,671 shares of the technology company’s stock valued at $60,958,000 after purchasing an additional 283,472 shares during the period. Finally, Frontier Capital Management Co. LLC raised its stake in shares of BWX Technologies by 28.8% during the fourth quarter. Frontier Capital Management Co. LLC now owns 967,317 shares of the technology company’s stock valued at $74,222,000 after purchasing an additional 216,525 shares in the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

BWX Technologies Stock Performance

NYSE:BWXT traded up $0.64 on Monday, hitting $96.38. The company’s stock had a trading volume of 8,251 shares, compared to its average volume of 561,603. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.21. The stock has a fifty day moving average of $98.65 and a two-hundred day moving average of $96.21. The firm has a market capitalization of $8.81 billion, a P/E ratio of 34.56, a price-to-earnings-growth ratio of 3.48 and a beta of 0.71. BWX Technologies, Inc. has a one year low of $71.55 and a one year high of $107.18.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings data on Monday, August 5th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.06. The firm had revenue of $681.50 million for the quarter, compared to analyst estimates of $639.31 million. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 earnings per share. Research analysts predict that BWX Technologies, Inc. will post 3.2 earnings per share for the current year.

BWX Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Friday, August 16th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, August 16th. This represents a $0.96 dividend on an annualized basis and a yield of 1.00%. BWX Technologies’s dividend payout ratio (DPR) is presently 34.66%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upped their target price on BWX Technologies from $112.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. StockNews.com raised 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 research report on Monday, June 3rd. They set a “buy” rating for the company. BTIG Research began coverage on shares of BWX Technologies in a research note on Wednesday, June 26th. They set a “buy” rating and a $110.00 price objective on the stock. Finally, Janney Montgomery Scott started coverage on shares of BWX Technologies in a research report on Thursday, June 27th. They set a “buy” rating and a $113.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $102.57.

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.