Envestnet Asset Management Inc. lifted its stake in BWX Technologies Inc (NYSE:BWXT) by 56.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 123,064 shares of the technology company’s stock after acquiring an additional 44,222 shares during the period. Envestnet Asset Management Inc.’s holdings in BWX Technologies were worth $6,102,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. M&T Bank Corp lifted its stake in BWX Technologies by 190.2% during the fourth quarter. M&T Bank Corp now owns 32,718 shares of the technology company’s stock worth $1,251,000 after purchasing an additional 21,444 shares during the period. Blueshift Asset Management LLC bought a new position in BWX Technologies during the fourth quarter worth about $871,000. Majedie Asset Management Ltd lifted its stake in BWX Technologies by 133.5% during the first quarter. Majedie Asset Management Ltd now owns 94,209 shares of the technology company’s stock worth $4,675,000 after purchasing an additional 53,858 shares during the period. Investment Management of Virginia LLC increased its holdings in shares of BWX Technologies by 40.0% during the fourth quarter. Investment Management of Virginia LLC now owns 143,606 shares of the technology company’s stock worth $5,490,000 after buying an additional 41,052 shares in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in shares of BWX Technologies by 15.2% during the fourth quarter. New York State Common Retirement Fund now owns 597,201 shares of the technology company’s stock worth $22,831,000 after buying an additional 78,771 shares in the last quarter.
NYSE BWXT opened at $50.05 on Friday. The company has a market cap of $4.67 billion, a PE ratio of 20.10, a PEG ratio of 2.25 and a beta of 1.02. The company has a debt-to-equity ratio of 3.52, a current ratio of 1.77 and a quick ratio of 1.77. BWX Technologies Inc has a 1-year low of $35.91 and a 1-year high of $67.42.
BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.09). The firm had revenue of $416.45 million for the quarter, compared to analyst estimates of $465.11 million. BWX Technologies had a return on equity of 76.60% and a net margin of 11.91%. During the same period in the previous year, the business posted $0.67 EPS. Equities analysts predict that BWX Technologies Inc will post 2.47 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Friday, May 17th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Thursday, May 16th. BWX Technologies’s payout ratio is 28.45%.
BWXT has been the subject of several recent analyst reports. Zacks Investment Research raised shares of BWX Technologies from a “sell” rating to a “hold” rating in a report on Thursday, June 6th. Maxim Group reaffirmed a “buy” rating and set a $68.00 price objective (up previously from $65.00) on shares of BWX Technologies in a report on Friday, March 15th. Bank of America lowered shares of BWX Technologies from a “neutral” rating to an “underperform” rating and set a $52.00 price objective for the company. in a report on Friday, March 1st. Finally, TheStreet raised shares of BWX Technologies from a “c+” rating to a “b-” rating in a report on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $53.83.
In other news, CFO David S. Black sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $47.97, for a total transaction of $95,940.00. Following the completion of the sale, the chief financial officer now owns 83,361 shares of the company’s stock, valued at $3,998,827.17. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.44% of the company’s stock.
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About BWX Technologies
BWX Technologies, Inc manufactures and sells nuclear components to the United States government. The company operates in three segments: Nuclear Operations, Technical Services, and Nuclear Energy. The Nuclear Operations segment offers precision naval nuclear components and reactors; close-tolerance and equipment for nuclear applications; and components for defense applications, as well as critical nuclear components, fuels, and assemblies for government and other uses.
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