Amalgamated Bank grew its position in BWX Technologies, Inc. (NYSE:BWXT – Get Rating) by 5.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,079 shares of the technology company's stock after buying an additional 1,059 shares during the period. Amalgamated Bank's holdings in BWX Technologies were worth $1,081,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Lazard Asset Management LLC purchased a new stake in shares of BWX Technologies in the 1st quarter valued at approximately $38,000. Herold Advisors Inc. acquired a new position in shares of BWX Technologies in the 1st quarter worth approximately $48,000. Prospera Financial Services Inc acquired a new position in shares of BWX Technologies in the 1st quarter worth approximately $57,000. Covestor Ltd lifted its holdings in shares of BWX Technologies by 168.0% in the 1st quarter. Covestor Ltd now owns 3,039 shares of the technology company's stock worth $164,000 after acquiring an additional 1,905 shares during the last quarter. Finally, ARK Investment Management LLC acquired a new position in shares of BWX Technologies in the 1st quarter worth approximately $180,000. Hedge funds and other institutional investors own 99.97% of the company's stock.
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BWX Technologies stock opened at $51.47 on Thursday. The firm has a market cap of $4.69 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 2.41 and a beta of 0.79. BWX Technologies, Inc. has a 52-week low of $42.58 and a 52-week high of $62.53. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 1.96. The company's 50 day moving average is $53.79 and its two-hundred day moving average is $53.15.
BWX Technologies (NYSE:BWXT – Get Rating) last released its earnings results on Monday, August 8th. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.09. The company had revenue of $554.00 million for the quarter, compared to analyst estimates of $544.13 million. BWX Technologies had a net margin of 14.27% and a return on equity of 46.29%. The firm's quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 EPS. On average, research analysts expect that BWX Technologies, Inc. will post 3.21 EPS for the current fiscal year.BWX Technologies Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 8th. Shareholders of record on Friday, August 19th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Thursday, August 18th. BWX Technologies's dividend payout ratio is presently 26.27%.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of BWX Technologies from a "hold" rating to a "buy" rating in a report on Saturday, September 24th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, BWX Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $64.00.
About BWX Technologies
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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.
Further Reading
- Get a free copy of the StockNews.com research report on BWX Technologies (BWXT)
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