Carillon Tower Advisers Inc. boosted its stake in shares of BWX Technologies Inc (NYSE:BWXT) by 2.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 425,725 shares of the technology company’s stock after purchasing an additional 9,275 shares during the quarter. Carillon Tower Advisers Inc.’s holdings in BWX Technologies were worth $21,107,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in BWXT. Stevens Capital Management LP acquired a new position in BWX Technologies during the first quarter worth about $420,000. Comerica Bank grew its holdings in shares of BWX Technologies by 199.6% during the first quarter. Comerica Bank now owns 34,031 shares of the technology company’s stock worth $1,726,000 after purchasing an additional 22,672 shares during the last quarter. Eagle Asset Management Inc. grew its holdings in shares of BWX Technologies by 1.9% during the first quarter. Eagle Asset Management Inc. now owns 184,263 shares of the technology company’s stock worth $9,135,000 after purchasing an additional 3,391 shares during the last quarter. Keeley Teton Advisors LLC grew its holdings in shares of BWX Technologies by 4.9% during the first quarter. Keeley Teton Advisors LLC now owns 74,576 shares of the technology company’s stock worth $3,697,000 after purchasing an additional 3,467 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado grew its holdings in shares of BWX Technologies by 116.9% during the first quarter. Public Employees Retirement Association of Colorado now owns 16,449 shares of the technology company’s stock worth $816,000 after purchasing an additional 8,864 shares during the last quarter.
Shares of BWXT stock opened at $49.95 on Monday. BWX Technologies Inc has a one year low of $35.91 and a one year high of $69.15. The company has a market capitalization of $4.75 billion, a P/E ratio of 20.90, a P/E/G ratio of 2.29 and a beta of 0.97. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 3.52.
The firm 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 $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.36%. The ex-dividend date is Thursday, May 16th. BWX Technologies’s dividend payout ratio (DPR) is presently 28.45%.
In other BWX Technologies news, VP Jason S. Kerr sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $48.96, for a total value of $293,760.00. Following the transaction, the vice president now directly owns 8,213 shares of the company’s stock, valued at $402,108.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.44% of the stock is currently owned by insiders.
Several research firms have recently weighed in on BWXT. Zacks Investment Research upgraded BWX Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Maxim Group boosted their price target on BWX Technologies to $65.00 and gave the stock a “buy” rating in a report on Tuesday, February 26th. TheStreet upgraded BWX Technologies from a “c+” rating to a “b-” rating in a report on Monday, April 29th. Finally, Bank of America cut BWX Technologies from a “neutral” rating to an “underperform” rating and set a $52.00 price target on the stock. in a report on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $53.83.
BWX Technologies Company 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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