Keybank National Association OH Trims Stake in BWX Technologies, Inc. (NYSE:BWXT)
Keybank National Association OH lowered its position in BWX Technologies, Inc. (NYSE:BWXT – Get Rating) by 53.6% during the 1st quarter, HoldingsChannel reports. The fund owned 4,217 shares of the technology company’s stock after selling 4,867 shares during the period. Keybank National Association OH’s holdings in BWX Technologies were worth $227,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in BWXT. Millennium Management LLC raised its stake in shares of BWX Technologies by 1,014.1% in the fourth quarter. Millennium Management LLC now owns 1,644,506 shares of the technology company’s stock valued at $78,739,000 after acquiring an additional 1,496,896 shares during the period. Mawer Investment Management Ltd. purchased a new stake in shares of BWX Technologies in the fourth quarter valued at $39,180,000. Shapiro Capital Management LLC raised its stake in shares of BWX Technologies by 29.2% in the fourth quarter. Shapiro Capital Management LLC now owns 2,328,670 shares of the technology company’s stock valued at $111,497,000 after acquiring an additional 526,075 shares during the period. Capital Research Global Investors raised its stake in shares of BWX Technologies by 25.2% in the fourth quarter. Capital Research Global Investors now owns 2,421,505 shares of the technology company’s stock valued at $115,942,000 after acquiring an additional 488,000 shares during the period. Finally, Boston Partners raised its stake in shares of BWX Technologies by 9.3% in the fourth quarter. Boston Partners now owns 5,321,919 shares of the technology company’s stock valued at $254,818,000 after acquiring an additional 452,145 shares during the period. Hedge funds and other institutional investors own 97.26% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on shares of BWX Technologies in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, BWX Technologies has an average rating of “Hold” and an average target price of $64.20.
BWX Technologies Trading Down 0.9%
BWXT stock opened at $54.77 on Friday. The company has a market capitalization of $4.99 billion, a PE ratio of 17.39, a P/E/G ratio of 2.74 and a beta of 0.80. BWX Technologies, Inc. has a 12 month low of $42.58 and a 12 month high of $62.53. The firm’s 50-day moving average is $52.53 and its 200 day moving average is $51.12. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.94 and a quick ratio of 1.94.
BWX Technologies (NYSE:BWXT – Get Rating) last posted its quarterly earnings results on Monday, May 9th. The technology company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.66 by $0.03. The company had revenue of $531.00 million for the quarter, compared to the consensus estimate of $514.96 million. BWX Technologies had a net margin of 13.88% and a return on equity of 43.72%. The firm’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.73 EPS. On average, research analysts anticipate that BWX Technologies, Inc. will post 3.18 EPS for the current year.
BWX Technologies Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 8th. Stockholders of record on Friday, May 20th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Thursday, May 19th. BWX Technologies’s dividend payout ratio is currently 27.94%.
BWX Technologies Company Profile
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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