TD Asset Management Inc. lowered its holdings in BWX Technologies, Inc. (NYSE:BWXT – Get Rating) by 7.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 660,200 shares of the technology company’s stock after selling 49,800 shares during the period. TD Asset Management Inc. owned approximately 0.72% of BWX Technologies worth $35,558,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. AGF Investments LLC grew its holdings in shares of BWX Technologies by 11.3% in the first quarter. AGF Investments LLC now owns 17,870 shares of the technology company’s stock valued at $962,000 after purchasing an additional 1,821 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of BWX Technologies by 5.9% in the first quarter. Van ECK Associates Corp now owns 20,920 shares of the technology company’s stock valued at $1,127,000 after purchasing an additional 1,168 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of BWX Technologies in the first quarter valued at approximately $247,000. ZWJ Investment Counsel Inc. grew its holdings in shares of BWX Technologies by 7.6% in the first quarter. ZWJ Investment Counsel Inc. now owns 523,714 shares of the technology company’s stock valued at $28,207,000 after purchasing an additional 37,150 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in BWX Technologies by 1.6% in the first quarter. Treasurer of the State of North Carolina now owns 33,917 shares of the technology company’s stock worth $1,827,000 after acquiring an additional 538 shares during the last quarter. Institutional investors and hedge funds own 97.26% of the company’s stock.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, August 11th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $64.00.
BWX Technologies Stock Down 1.0%
Shares of BWX Technologies stock opened at $53.74 on Friday. BWX Technologies, Inc. has a 52-week low of $42.58 and a 52-week high of $62.53. The company has a 50 day moving average of $54.25 and a 200 day moving average of $52.28. 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 has a market capitalization of $4.90 billion, a P/E ratio of 16.04, a P/E/G ratio of 2.56 and a beta of 0.77.
BWX Technologies (NYSE:BWXT – Get Rating) last issued its quarterly earnings data on Monday, August 8th. The technology company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.07. The business had revenue of $554.00 million during the quarter, compared to the consensus estimate of $544.13 million. BWX Technologies had a net margin of 14.27% and a return on equity of 46.29%. The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 EPS. As a group, research analysts forecast that BWX Technologies, Inc. will post 3.21 EPS for the current fiscal year.
BWX Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Friday, August 19th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, August 18th. This represents a $0.88 annualized dividend and a dividend yield of 1.64%. BWX Technologies’s dividend payout ratio is currently 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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