Amalgamated Bank lifted its stake in shares of BWX Technologies Inc (NYSE:BWXT) by 5.8% during the fourth quarter, HoldingsChannel reports. The firm owned 18,764 shares of the technology company’s stock after acquiring an additional 1,032 shares during the quarter. Amalgamated Bank’s holdings in BWX Technologies were worth $1,135,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Brown Advisory Inc. increased its holdings in shares of BWX Technologies by 4,067.9% during the 3rd quarter. Brown Advisory Inc. now owns 2,162,739 shares of the technology company’s stock worth $121,157,000 after acquiring an additional 2,110,849 shares during the last quarter. Artisan Partners Limited Partnership increased its holdings in shares of BWX Technologies by 12.4% during the 3rd quarter. Artisan Partners Limited Partnership now owns 4,609,767 shares of the technology company’s stock worth $258,239,000 after acquiring an additional 509,351 shares during the last quarter. Jennison Associates LLC acquired a new position in shares of BWX Technologies during the 4th quarter worth approximately $29,508,000. BlackRock Inc. increased its holdings in shares of BWX Technologies by 2.1% during the 4th quarter. BlackRock Inc. now owns 5,685,315 shares of the technology company’s stock worth $343,905,000 after acquiring an additional 119,240 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of BWX Technologies by 31.9% during the 4th quarter. First Trust Advisors LP now owns 477,755 shares of the technology company’s stock worth $28,899,000 after acquiring an additional 115,628 shares during the last quarter. Institutional investors own 94.57% of the company’s stock.
BWXT has been the topic of a number of research reports. Zacks Investment Research raised BWX Technologies from a “sell” rating to a “hold” rating and set a $69.00 price objective on the stock in a report on Tuesday, January 9th. SunTrust Banks reaffirmed a “buy” rating and issued a $70.00 price objective on shares of BWX Technologies in a report on Friday, January 19th. Alembic Global Advisors reaffirmed a “buy” rating on shares of BWX Technologies in a report on Tuesday, March 6th. ValuEngine lowered BWX Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Seaport Global Securities initiated coverage on BWX Technologies in a report on Wednesday, January 10th. They issued a “buy” rating and a $72.00 price objective on the stock. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. BWX Technologies currently has a consensus rating of “Buy” and a consensus target price of $65.88.
BWX Technologies (NYSE:BWXT) last released its earnings results on Tuesday, February 27th. The technology company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The firm had revenue of $430.14 million during the quarter, compared to the consensus estimate of $451.18 million. BWX Technologies had a return on equity of 77.24% and a net margin of 8.76%. equities research analysts predict that BWX Technologies Inc will post 2.53 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Monday, March 12th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.99%. This is an increase from BWX Technologies’s previous quarterly dividend of $0.11. The ex-dividend date is Friday, March 9th. BWX Technologies’s dividend payout ratio is presently 43.54%.
In other news, CFO David S. Black sold 1,000 shares of the company’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $64.44, for a total transaction of $64,440.00. Following the completion of the sale, the chief financial officer now directly owns 71,874 shares in the company, valued at approximately $4,631,560.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have sold 3,000 shares of company stock valued at $186,350. Corporate insiders own 0.76% of the company’s stock.
BWX Technologies Profile
BWX Technologies, Inc is a manufacturer of nuclear components and a service provider. The Company’s businesses focus on the design, engineering and manufacture of precision naval nuclear components, reactors and nuclear fuel for the United States Government. Its segments include Nuclear Operations, Technical Services, Nuclear Energy and Other.
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