BWX Technologies, Inc. (NYSE:BWXT) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,723 shares of the technology company’s stock after selling 2,073 shares during the period. Amalgamated Bank owned approximately 0.07% of BWX Technologies worth $4,736,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Invesco Ltd. raised its position in BWX Technologies by 16.6% during the 3rd quarter. Invesco Ltd. now owns 2,027,376 shares of the technology company’s stock worth $152,013,000 after buying an additional 288,287 shares during the last quarter. Loomis Sayles & Co. L P purchased a new position in BWX Technologies during the third quarter worth about $17,295,000. Premier Fund Managers Ltd purchased a new stake in BWX Technologies in the 3rd quarter valued at approximately $8,180,000. Jennison Associates LLC increased its position in BWX Technologies by 96.6% during the 3rd quarter. Jennison Associates LLC now owns 200,080 shares of the technology company’s stock worth $15,002,000 after purchasing an additional 98,335 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of BWX Technologies by 42.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 280,437 shares of the technology company’s stock worth $21,027,000 after buying an additional 83,747 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Stock Performance

Shares of BWXT opened at $87.06 on Wednesday. The company has a 50-day moving average of $98.77 and a two-hundred day moving average of $86.32. The stock has a market cap of $7.96 billion, a P/E ratio of 32.36, a PEG ratio of 3.10 and a beta of 0.75. BWX Technologies, Inc. has a 12-month low of $60.17 and a 12-month high of $107.18. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 1.29.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. BWX Technologies had a return on equity of 32.38% and a net margin of 9.85%. The firm had revenue of $603.97 million for the quarter, compared to analyst estimates of $599.92 million. During the same quarter in the prior year, the company earned $0.70 EPS. BWX Technologies’s revenue was up 6.3% on a year-over-year basis. As a group, research analysts predict that BWX Technologies, Inc. will post 3.14 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.96 annualized dividend and a dividend yield of 1.10%. BWX Technologies’s dividend payout ratio is currently 35.69%.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Bank of America lifted their price target on BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Truist Financial reiterated a “hold” rating and issued a $95.00 price target (down previously from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of BWX Technologies from $111.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, BWX Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $92.43.

About BWX Technologies

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.