Amalgamated Bank Sells 1,990 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Amalgamated Bank cut its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 4.4% during the first quarter, HoldingsChannel reports. The firm owned 43,389 shares of the technology company’s stock after selling 1,990 shares during the period. Amalgamated Bank’s holdings in BWX Technologies were worth $4,280,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in BWXT. Proficio Capital Partners LLC bought a new position in shares of BWX Technologies in the fourth quarter worth about $1,687,000. US Bancorp DE increased its stake in shares of BWX Technologies by 10.8% in the fourth quarter. US Bancorp DE now owns 10,281 shares of the technology company’s stock worth $1,145,000 after purchasing an additional 999 shares during the period. Jones Financial Companies Lllp increased its stake in shares of BWX Technologies by 32.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,825 shares of the technology company’s stock worth $203,000 after purchasing an additional 448 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of BWX Technologies in the fourth quarter worth about $58,000. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of BWX Technologies by 28.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 41,267 shares of the technology company’s stock worth $4,597,000 after purchasing an additional 9,138 shares during the period. 94.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BWXT has been the topic of a number of recent analyst reports. CLSA reiterated an “outperform” rating and issued a $177.60 price objective (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Wall Street Zen lowered BWX Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Maxim Group lowered their price target on BWX Technologies from $140.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Bank of America lowered their price target on BWX Technologies from $160.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday, March 26th. Finally, William Blair restated an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, BWX Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $135.09.

BWX Technologies Stock Up 3.8%

Shares of BWXT opened at $146.06 on Friday. The company has a market capitalization of $13.34 billion, a P/E ratio of 46.52, a PEG ratio of 3.54 and a beta of 0.70. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.02 and a quick ratio of 1.91. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $145.33. The business’s 50 day simple moving average is $124.50 and its 200-day simple moving average is $113.41.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.73 by $0.18. The business had revenue of $682.26 million for the quarter, compared to the consensus estimate of $644.15 million. BWX Technologies had a return on equity of 30.26% and a net margin of 10.39%. BWX Technologies’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 EPS. As a group, sell-side analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Monday, May 19th. BWX Technologies’s dividend payout ratio is 31.85%.

BWX Technologies 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.