Blueshift Asset Management LLC acquired a new position in shares of BWX Technologies, Inc. (NYSE:BWXT – Get Rating) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,156 shares of the technology company's stock, valued at approximately $224,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Herold Advisors Inc. purchased a new stake in BWX Technologies during the 1st quarter worth about $48,000. Prospera Financial Services Inc purchased a new stake in BWX Technologies in the 1st quarter valued at about $57,000. Covestor Ltd purchased a new stake in BWX Technologies in the 4th quarter valued at about $54,000. ARK Investment Management LLC purchased a new stake in BWX Technologies in the 1st quarter valued at about $180,000. Finally, Comerica Bank purchased a new stake in BWX Technologies in the 1st quarter valued at about $202,000. Hedge funds and other institutional investors own 99.97% of the company's stock.
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Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded BWX Technologies from a "hold" rating to a "buy" rating in a report on Thursday, August 11th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $64.00.
BWX Technologies Stock Performance
BWX Technologies stock opened at $51.42 on Friday. The stock's 50 day moving average price is $54.67 and its 200 day moving average price is $52.78. The firm has a market capitalization of $4.69 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 2.53 and a beta of 0.77. The company has a debt-to-equity ratio of 1.96, a quick ratio of 2.08 and a current ratio of 2.08. BWX Technologies, Inc. has a one year low of $42.58 and a one year high of $62.53.
BWX Technologies (NYSE:BWXT – Get Rating) last released its quarterly earnings results on Monday, August 8th. The technology company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.73 by $0.09. The firm had revenue of $554.00 million for the quarter, compared to analyst estimates of $544.13 million. BWX Technologies had a return on equity of 46.29% and a net margin of 14.27%. BWX Technologies's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 EPS. As a group, sell-side analysts expect that BWX Technologies, Inc. will post 3.21 EPS for the current fiscal year.
BWX Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Friday, August 19th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.71%. The ex-dividend date is Thursday, August 18th. BWX Technologies's dividend payout ratio (DPR) is presently 26.27%.
BWX Technologies Company Profile
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BWX Technologies, Inc manufactures and sells nuclear components in the United States, Canada, and internationally. It operates in three segments: Nuclear Operations Group, Nuclear Power Group, and Nuclear Services Group. The Nuclear Operations Group segment provides precision naval and critical nuclear components, reactors, nuclear fuel, and assemblies for the United States Department of Energy/National Nuclear Security Administration's Naval Nuclear Propulsion Program and other uses; missile launch tubes for United States Navy submarines; close-tolerance and equipment for nuclear applications; and converts Cold War-era government stockpiles of high-enriched uranium, as well as receives, stores, characterizes, dissolves, recovers, and purifies uranium-bearing materials; supplies research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications.
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