Washington Capital Management Inc. Sells 1,500 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Washington Capital Management Inc. trimmed its holdings in BWX Technologies, Inc. (NYSE:BWXTFree Report) by 20.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,900 shares of the technology company’s stock after selling 1,500 shares during the quarter. Washington Capital Management Inc.’s holdings in BWX Technologies were worth $453,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of BWX Technologies by 1.8% during the third quarter. FMR LLC now owns 1,884,236 shares of the technology company’s stock valued at $141,280,000 after purchasing an additional 32,664 shares during the period. Citigroup Inc. boosted its stake in shares of BWX Technologies by 11.3% in the 3rd quarter. Citigroup Inc. now owns 67,250 shares of the technology company’s stock worth $5,042,000 after buying an additional 6,853 shares during the last quarter. EAM Investors LLC purchased a new stake in BWX Technologies during the third quarter valued at $1,621,000. Barometer Capital Management Inc. lifted its stake in shares of BWX Technologies by 100.5% in the 3rd quarter. Barometer Capital Management Inc. now owns 48,340 shares of the technology company’s stock worth $3,625,000 after purchasing an additional 24,230 shares during the period. Finally, Northern Trust Corp grew its stake in shares of BWX Technologies by 59.8% during the 2nd quarter. Northern Trust Corp now owns 702,397 shares of the technology company’s stock valued at $50,271,000 after acquiring an additional 262,722 shares during the period. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on BWXT. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Bank of America increased their price objective on shares of BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Truist Financial reissued a “hold” rating and set a $95.00 target price (down previously from $110.00) on shares of BWX Technologies in a research report on Monday, March 25th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $89.00.

Check Out Our Latest Analysis on BWX Technologies

BWX Technologies Stock Performance

NYSE BWXT opened at $102.62 on Friday. The company has a fifty day moving average of $92.75 and a two-hundred day moving average of $82.33. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.18 and a quick ratio of 2.18. BWX Technologies, Inc. has a 1 year low of $60.17 and a 1 year high of $107.18. The company has a market capitalization of $9.38 billion, a PE ratio of 38.15, a P/E/G ratio of 3.93 and a beta of 0.73.

BWX Technologies (NYSE:BWXTGet Free Report) last announced its earnings results on Tuesday, February 27th. The technology company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.07. The business had revenue of $725.52 million during the quarter, compared to analysts’ expectations of $659.42 million. BWX Technologies had a net margin of 9.85% and a return on equity of 32.38%. The business’s revenue was up 16.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 earnings per share. As a group, analysts expect that BWX Technologies, Inc. will post 3.13 earnings per share for the current year.

BWX Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 11th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.94%. This is an increase from BWX Technologies’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, March 8th. BWX Technologies’s dividend payout ratio (DPR) is 35.69%.

BWX Technologies Company Profile

(Free Report)

BWX Technologies, Inc, together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments, Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.

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Institutional Ownership by Quarter for BWX Technologies (NYSE:BWXT)

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