Amalgamated Bank Has $4.28 Million Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Amalgamated Bank cut its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 4.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,389 shares of the technology company's stock after selling 1,990 shares during the period. Amalgamated Bank's holdings in BWX Technologies were worth $4,280,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Utah Retirement Systems boosted its stake in shares of BWX Technologies by 2.1% during the 4th quarter. Utah Retirement Systems now owns 4,900 shares of the technology company's stock worth $546,000 after buying an additional 100 shares during the last quarter. Gateway Investment Advisers LLC boosted its stake in shares of BWX Technologies by 6.0% during the 1st quarter. Gateway Investment Advisers LLC now owns 2,154 shares of the technology company's stock worth $212,000 after buying an additional 121 shares during the last quarter. Congress Wealth Management LLC DE lifted its stake in BWX Technologies by 5.9% in the 4th quarter. Congress Wealth Management LLC DE now owns 2,249 shares of the technology company's stock valued at $251,000 after purchasing an additional 125 shares during the last quarter. Miracle Mile Advisors LLC lifted its stake in BWX Technologies by 0.8% in the 1st quarter. Miracle Mile Advisors LLC now owns 18,669 shares of the technology company's stock valued at $1,842,000 after purchasing an additional 151 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in BWX Technologies by 2.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,448 shares of the technology company's stock valued at $830,000 after purchasing an additional 172 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Stock Performance

Shares of BWXT traded up $0.95 during mid-day trading on Monday, hitting $143.86. 823,259 shares of the company's stock were exchanged, compared to its average volume of 917,017. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 week high of $145.33. The stock's 50-day simple moving average is $125.94 and its 200-day simple moving average is $113.82. The firm has a market cap of $13.14 billion, a price-to-earnings ratio of 45.82, a price-to-earnings-growth ratio of 3.59 and a beta of 0.70. 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 (NYSE:BWXT - Get Free Report) last announced its earnings results on Monday, May 5th. The technology company reported $0.91 EPS 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 company had revenue of $682.26 million for the quarter, compared to analysts' expectations of $644.15 million. During the same period last year, the firm earned $0.76 earnings per share. The business's revenue for the quarter was up 13.0% on a year-over-year basis. On average, equities research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.00 annualized dividend and a dividend yield of 0.70%. BWX Technologies's dividend payout ratio is 31.85%.

Analyst Ratings Changes

Several brokerages recently issued reports on BWXT. William Blair reiterated an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. Bank of America cut their target price on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th. CLSA reiterated an "outperform" rating and issued a $177.60 target price (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Maxim Group cut their target price on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, Wall Street Zen cut BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, BWX Technologies currently has an average rating of "Moderate Buy" and an average target price of $135.09.

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.