Qube Research & Technologies Ltd Lowers Stake in BWX Technologies, Inc. (NYSE:BWXT)
Qube Research & Technologies Ltd lowered its stake in shares of BWX Technologies, Inc. (NYSE:BWXT – Get Rating) by 56.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,396 shares of the technology company’s stock after selling 120,839 shares during the period. Qube Research & Technologies Ltd owned 0.10% of BWX Technologies worth $5,030,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. Prospera Financial Services Inc purchased a new stake in BWX Technologies during the first quarter worth $57,000. Covestor Ltd purchased a new stake in BWX Technologies during the fourth quarter worth $54,000. ARK Investment Management LLC purchased a new stake in BWX Technologies during the first quarter worth $180,000. Comerica Bank purchased a new stake in BWX Technologies during the first quarter worth $202,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of BWX Technologies during the 1st quarter valued at $213,000. Hedge funds and other institutional investors own 97.26% of the company’s stock.
BWX Technologies stock performance
Shares of BWXT opened at $55.63 on Wednesday. BWX Technologies, Inc. has a 12 month low of $42.58 and a 12 month high of $62.53. The stock has a fifty-day moving average price of $53.84 and a 200-day moving average price of $51.77. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 1.97. The firm has a market cap of $5.07 billion, a PE ratio of 17.66, a P/E/G ratio of 2.81 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 EPS for the quarter, beating the consensus estimate of $0.75 by $0.07. BWX Technologies had a return on equity of 43.72% and a net margin of 13.88%. The firm had revenue of $554.00 million during the quarter, compared to analyst estimates of $544.13 million. During the same quarter in the prior year, the business posted $0.62 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. Equities research analysts predict that BWX Technologies, Inc. will post 3.18 earnings per share for the current fiscal year.
BWX Technologies Announces Dividend
The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $0.88 annualized dividend and a dividend yield of 1.58%. BWX Technologies’s dividend payout ratio is currently 27.94%.
BWX Technologies 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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