Meeder Asset Management Inc. Purchases New Stake in BWX Technologies, Inc. (NYSE:BWXT)

Meeder Asset Management Inc. purchased a new stake in BWX Technologies, Inc. (NYSE:BWXT – Get Rating) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,581 shares of the technology company’s stock, valued at approximately $247,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Boston Partners raised its stake in BWX Technologies by 4.4% in the first quarter. Boston Partners now owns 5,558,009 shares of the technology company’s stock valued at $299,454,000 after purchasing an additional 236,090 shares in the last quarter. Cooke & Bieler LP raised its stake in BWX Technologies by 0.3% in the fourth quarter. Cooke & Bieler LP now owns 3,033,380 shares of the technology company’s stock valued at $145,238,000 after purchasing an additional 9,170 shares in the last quarter. Capital Research Global Investors raised its stake in 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 purchasing an additional 488,000 shares in the last quarter. State Street Corp raised its stake in BWX Technologies by 8.0% in the fourth quarter. State Street Corp now owns 2,363,810 shares of the technology company’s stock valued at $113,179,000 after purchasing an additional 174,997 shares in the last quarter. Finally, Shapiro Capital Management LLC raised its stake in 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 purchasing an additional 526,075 shares in the last quarter. Institutional investors and hedge funds own 97.26% of the company’s stock.

Analyst Rating Changes

Separately, StockNews.com raised 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $64.00.

BWX Technologies Stock Down 1.0%

Shares of NYSE BWXT opened at $53.74 on Friday. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 1.96. The company has a market cap of $4.90 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 2.59 and a beta of 0.77. BWX Technologies, Inc. has a 12 month low of $42.58 and a 12 month high of $62.53. The stock has a 50-day moving average price of $54.25 and a two-hundred day moving average price of $52.22.

BWX Technologies (NYSE:BWXT – Get Rating) last issued its earnings results on Monday, August 8th. The technology company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.75 by $0.07. The firm had revenue of $554.00 million during the quarter, compared to the consensus estimate of $544.13 million. BWX Technologies had a return on equity of 46.29% and a net margin of 14.27%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.62 earnings per share. As a group, analysts forecast that BWX Technologies, Inc. will post 3.21 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Friday, August 19th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Thursday, August 18th. BWX Technologies’s dividend payout ratio (DPR) 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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