Amalgamated Bank Lowers Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Amalgamated Bank reduced its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 4.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,389 shares of the technology company's stock after selling 1,990 shares during the quarter. Amalgamated Bank's holdings in BWX Technologies were worth $4,280,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of BWXT. Proficio Capital Partners LLC bought a new position in BWX Technologies during the fourth quarter worth $1,687,000. US Bancorp DE boosted its stake in BWX Technologies by 10.8% during the fourth quarter. US Bancorp DE now owns 10,281 shares of the technology company's stock worth $1,145,000 after acquiring an additional 999 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in BWX Technologies by 32.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,825 shares of the technology company's stock worth $203,000 after acquiring an additional 448 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in BWX Technologies during the fourth quarter worth $58,000. Finally, Steward Partners Investment Advisory LLC boosted its stake in BWX Technologies by 28.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 41,267 shares of the technology company's stock worth $4,597,000 after acquiring an additional 9,138 shares in the last quarter. 94.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Maxim Group cut their target price on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. William Blair reissued an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. CLSA reissued an "outperform" rating and set a $177.60 target price (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Finally, Wall Street Zen downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $135.09.

BWX Technologies Stock Up 3.8%

BWXT traded up $5.29 during trading on Friday, hitting $146.06. 718,248 shares of the company's stock were exchanged, compared to its average volume of 917,392. The company has a quick ratio of 1.91, a current ratio of 2.02 and a debt-to-equity ratio of 1.08. The business's 50 day moving average is $125.24 and its two-hundred day moving average is $113.60. BWX Technologies, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $145.33. The stock has a market cap of $13.34 billion, a P/E ratio of 46.52, a PEG ratio of 3.59 and a beta of 0.70.

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

BWX Technologies Dividend Announcement

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

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.