Monetary Management Group Inc. lifted its stake in BWX Technologies Inc (NYSE:BWXT) by 1,110.0% in the first quarter, HoldingsChannel.com reports. The firm owned 6,050 shares of the technology company’s stock after purchasing an additional 5,550 shares during the period. Monetary Management Group Inc.’s holdings in BWX Technologies were worth $300,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. Quantamental Technologies LLC purchased a new stake in shares of BWX Technologies during the 4th quarter worth about $38,000. Doyle Wealth Management bought a new position in shares of BWX Technologies in the 4th quarter valued at approximately $46,000. Rockefeller Capital Management L.P. raised its stake in shares of BWX Technologies by 58.1% in the 1st quarter. Rockefeller Capital Management L.P. now owns 1,097 shares of the technology company’s stock valued at $55,000 after acquiring an additional 403 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of BWX Technologies by 36.3% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,035 shares of the technology company’s stock valued at $78,000 after acquiring an additional 542 shares in the last quarter. Finally, Ffcm LLC raised its stake in shares of BWX Technologies by 202.8% in the 4th quarter. Ffcm LLC now owns 2,398 shares of the technology company’s stock valued at $92,000 after acquiring an additional 1,606 shares in the last quarter.
NYSE BWXT traded up $0.37 during trading on Thursday, hitting $49.42. The company’s stock had a trading volume of 8,224 shares, compared to its average volume of 406,460. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 3.52. The company has a market cap of $4.67 billion, a P/E ratio of 20.64, a P/E/G ratio of 2.26 and a beta of 1.02. BWX Technologies Inc has a 52 week low of $35.91 and a 52 week high of $67.42.
BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.09). The business had revenue of $416.45 million during the quarter, compared to the consensus estimate of $465.11 million. BWX Technologies had a return on equity of 76.60% and a net margin of 11.91%. During the same period in the prior year, the firm earned $0.67 earnings per share. Sell-side analysts expect that BWX Technologies Inc will post 2.47 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Friday, May 17th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.38%. The ex-dividend date was Thursday, May 16th. BWX Technologies’s dividend payout ratio is currently 28.45%.
BWXT has been the topic of a number of recent analyst reports. Zacks Investment Research raised BWX Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, June 6th. Maxim Group reissued a “buy” rating and issued a $68.00 price objective (up from $65.00) on shares of BWX Technologies in a research note on Friday, March 15th. Finally, Bank of America downgraded BWX Technologies from a “neutral” rating to an “underperform” rating and set a $52.00 price objective on the stock. in a research note on Friday, March 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $53.83.
In other BWX Technologies news, CFO David S. Black sold 2,000 shares of BWX Technologies stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $47.97, for a total value of $95,940.00. Following the transaction, the chief financial officer now directly owns 83,361 shares of the company’s stock, valued at approximately $3,998,827.17. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.44% of the company’s stock.
BWX Technologies Profile
BWX Technologies, Inc manufactures and sells nuclear components to the United States government. The company operates in three segments: Nuclear Operations, Technical Services, and Nuclear Energy. The Nuclear Operations segment offers precision naval nuclear components and reactors; close-tolerance and equipment for nuclear applications; and components for defense applications, as well as critical nuclear components, fuels, and assemblies for government and other uses.
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