BlackRock Inc. lifted its position in shares of BWX Technologies Inc (NYSE:BWXT) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,271,848 shares of the technology company’s stock after purchasing an additional 140,530 shares during the period. BlackRock Inc. owned about 6.35% of BWX Technologies worth $239,773,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Quantamental Technologies LLC bought a new stake in shares of BWX Technologies during the fourth quarter worth about $38,000. Doyle Wealth Management bought a new stake in shares of BWX Technologies during the fourth quarter worth about $46,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of BWX Technologies by 36.3% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,035 shares of the technology company’s stock worth $78,000 after purchasing an additional 542 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of BWX Technologies during the third quarter worth about $121,000. Finally, SG Americas Securities LLC bought a new stake in shares of BWX Technologies during the fourth quarter worth about $122,000. Institutional investors own 98.68% of the company’s stock.
In related news, VP Jason S. Kerr sold 6,000 shares of BWX Technologies stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $48.96, for a total value of $293,760.00. Following the transaction, the vice president now directly owns 8,213 shares of the company’s stock, valued at $402,108.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.52% of the stock is owned by insiders.
BWX Technologies stock opened at $49.40 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 3.20. The company has a market capitalization of $4.69 billion, a P/E ratio of 20.67, a P/E/G ratio of 2.36 and a beta of 0.99. BWX Technologies Inc has a one year low of $35.91 and a one year high of $72.18.
BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, February 25th. The technology company reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.15. The company had revenue of $478.00 million for the quarter, compared to analyst estimates of $475.02 million. BWX Technologies had a return on equity of 76.32% and a net margin of 12.61%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 earnings per share. Equities analysts predict that BWX Technologies Inc will post 2.5 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Monday, March 11th will be paid a $0.17 dividend. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, March 8th. BWX Technologies’s payout ratio is currently 28.45%.
Several analysts have recently weighed in on BWXT shares. Zacks Investment Research upgraded BWX Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, January 23rd. Maxim Group restated a “buy” rating and set a $68.00 price target (up from $65.00) on shares of BWX Technologies in a report on Friday. Bank of America cut BWX Technologies from a “neutral” rating to an “underperform” rating and set a $52.00 price target on the stock. in a report on Friday, March 1st. Finally, ValuEngine upgraded BWX Technologies from a “sell” rating to a “hold” rating in a report on Monday, November 19th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $58.25.
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BWX Technologies Profile
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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