Deutsche Bank AG cut its stake in shares of BWX Technologies Inc (NYSE:BWXT) by 12.6% in the fourth quarter, Holdings Channel reports. The fund owned 158,846 shares of the technology company’s stock after selling 22,805 shares during the period. Deutsche Bank AG’s holdings in BWX Technologies were worth $6,072,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in BWXT. Vanguard Group Inc lifted its stake in BWX Technologies by 1.9% in the third quarter. Vanguard Group Inc now owns 8,832,119 shares of the technology company’s stock worth $552,361,000 after acquiring an additional 167,386 shares during the last quarter. Vanguard Group Inc. lifted its stake in BWX Technologies by 1.9% in the third quarter. Vanguard Group Inc. now owns 8,832,119 shares of the technology company’s stock worth $552,361,000 after acquiring an additional 167,386 shares during the last quarter. BlackRock Inc. lifted its stake in BWX Technologies by 2.3% in the fourth quarter. BlackRock Inc. now owns 6,271,848 shares of the technology company’s stock worth $239,773,000 after acquiring an additional 140,530 shares during the last quarter. Brown Advisory Inc. lifted its stake in BWX Technologies by 14.5% in the fourth quarter. Brown Advisory Inc. now owns 5,811,393 shares of the technology company’s stock worth $222,170,000 after acquiring an additional 734,736 shares during the last quarter. Finally, Shapiro Capital Management LLC lifted its stake in BWX Technologies by 171.1% in the fourth quarter. Shapiro Capital Management LLC now owns 3,962,354 shares of the technology company’s stock worth $151,481,000 after acquiring an additional 2,500,913 shares during the last quarter.
A number of research analysts recently issued reports on BWXT shares. Zacks Investment Research upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Tuesday, March 26th. Maxim Group reiterated a “buy” rating and issued a $68.00 price target (up previously from $65.00) on shares of BWX Technologies in a research note on Friday, March 15th. Finally, Bank of America downgraded shares of BWX Technologies from a “neutral” rating to an “underperform” rating and set a $52.00 price target for the company. in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. BWX Technologies presently has a consensus rating of “Hold” and a consensus target price of $55.43.
Shares of NYSE:BWXT opened at $52.70 on Wednesday. The company has a market cap of $4.94 billion, a PE ratio of 22.05, a P/E/G ratio of 2.47 and a beta of 0.98. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 3.20. BWX Technologies Inc has a twelve month low of $35.91 and a twelve month high of $72.18.
BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, February 25th. The technology company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.15. The business had revenue of $478.00 million during the quarter, compared to the consensus estimate of $475.02 million. BWX Technologies had a net margin of 12.61% and a return on equity of 76.32%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 EPS. On average, equities research analysts forecast that BWX Technologies Inc will post 2.5 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 11th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Friday, March 8th. This is an increase from BWX Technologies’s previous quarterly dividend of $0.16. BWX Technologies’s payout ratio is currently 28.45%.
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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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