Mutual of America Capital Management LLC Has $4.25 Million Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Mutual of America Capital Management LLC trimmed its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 5.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 55,430 shares of the technology company’s stock after selling 2,939 shares during the quarter. Mutual of America Capital Management LLC’s holdings in BWX Technologies were worth $4,253,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Cetera Investment Advisers raised its holdings in shares of BWX Technologies by 2.1% during the first quarter. Cetera Investment Advisers now owns 7,907 shares of the technology company’s stock worth $498,000 after acquiring an additional 165 shares in the last quarter. Truist Financial Corp raised its holdings in shares of BWX Technologies by 3.1% during the fourth quarter. Truist Financial Corp now owns 6,177 shares of the technology company’s stock worth $359,000 after acquiring an additional 188 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of BWX Technologies by 30.4% during the third quarter. Fifth Third Bancorp now owns 926 shares of the technology company’s stock worth $69,000 after acquiring an additional 216 shares in the last quarter. Prudential Financial Inc. raised its holdings in BWX Technologies by 4.5% during the second quarter. Prudential Financial Inc. now owns 5,437 shares of the technology company’s stock valued at $291,000 after buying an additional 234 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in BWX Technologies by 1.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 15,414 shares of the technology company’s stock valued at $1,156,000 after buying an additional 250 shares in the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

BWX Technologies Stock Down 0.8 %

BWXT stock opened at $93.84 on Tuesday. BWX Technologies, Inc. has a twelve month low of $60.17 and a twelve month high of $107.18. The company has a market cap of $8.58 billion, a PE ratio of 34.88, a price-to-earnings-growth ratio of 3.01 and a beta of 0.73. The business’s 50-day simple moving average is $96.38 and its 200 day simple moving average is $84.24. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.29.

BWX Technologies (NYSE:BWXT) last released its earnings results on Tuesday, February 27th. The technology company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.07. BWX Technologies had a return on equity of 32.38% and a net margin of 9.85%. The business had revenue of $725.52 million for the quarter, compared to the consensus estimate of $659.42 million. During the same period last year, the business earned $0.93 earnings per share. The firm’s revenue for the quarter was up 16.2% compared to the same quarter last year. On average, research analysts anticipate that BWX Technologies, Inc. will post 3.14 earnings per share for the current year.

BWX Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 11th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, March 8th. This is an increase from BWX Technologies’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 1.02%. BWX Technologies’s dividend payout ratio (DPR) is 35.69%.

Wall Street Analyst Weigh In

BWXT has been the topic of several recent research reports. Bank of America raised their target price on BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Truist Financial restated a “hold” rating and set a $95.00 target price (down from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. Finally, StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $89.00.

BWX Technologies Company Profile

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.