New York State Common Retirement Fund cut its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 23.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 298,639 shares of the technology company's stock after selling 93,653 shares during the quarter. New York State Common Retirement Fund owned approximately 0.33% of BWX Technologies worth $29,461,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of BWXT. Ameriflex Group Inc. bought a new position in shares of BWX Technologies in the fourth quarter valued at about $34,000. MassMutual Private Wealth & Trust FSB increased its position in BWX Technologies by 200.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock worth $35,000 after acquiring an additional 236 shares during the period. Vermillion Wealth Management Inc. bought a new position in BWX Technologies during the fourth quarter worth about $40,000. Farther Finance Advisors LLC grew its stake in BWX Technologies by 109.6% during the first quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock worth $46,000 after buying an additional 240 shares in the last quarter. Finally, Altshuler Shaham Ltd acquired a new stake in BWX Technologies during the fourth quarter worth about $70,000. 94.39% of the stock is owned by institutional investors.
Analyst Ratings Changes
BWXT has been the subject of a number of research reports. Bank of America dropped their price objective on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $150.00 price objective (up previously from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Finally, Wall Street Zen raised shares of BWX Technologies from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, BWX Technologies has an average rating of "Moderate Buy" and a consensus target price of $137.94.
View Our Latest Research Report on BWXT
BWX Technologies Stock Performance
Shares of NYSE BWXT traded down $0.18 during midday trading on Friday, hitting $142.16. 348,304 shares of the company's stock traded hands, compared to its average volume of 934,559. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $145.33. The stock has a market capitalization of $12.99 billion, a price-to-earnings ratio of 45.31, a price-to-earnings-growth ratio of 3.53 and a beta of 0.70. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.91 and a current ratio of 2.02. The firm has a fifty day moving average of $130.52 and a 200 day moving average of $115.24.
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 the consensus estimate of $0.73 by $0.18. The company had revenue of $682.26 million for the quarter, compared to the consensus estimate of $644.15 million. BWX Technologies had a return on equity of 30.26% and a net margin of 10.39%. The firm's quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the company earned $0.76 EPS. On average, analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.
BWX Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend was Monday, May 19th. BWX Technologies's dividend payout ratio (DPR) is 31.85%.
About BWX Technologies
(
Free Report)
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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