Royce & Associates LP lifted its stake in BWX Technologies Inc (NYSE:BWXT) by 94.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,000 shares of the technology company’s stock after acquiring an additional 16,000 shares during the period. Royce & Associates LP’s holdings in BWX Technologies were worth $1,636,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. Quantamental Technologies LLC bought a new position in shares of BWX Technologies in the fourth quarter valued at about $38,000. Doyle Wealth Management bought a new position in shares of BWX Technologies in the fourth quarter valued at about $46,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of BWX Technologies by 36.3% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,035 shares of the technology company’s stock valued at $78,000 after buying an additional 542 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of BWX Technologies by 431.1% in the first quarter. Quadrant Capital Group LLC now owns 2,220 shares of the technology company’s stock valued at $104,000 after buying an additional 1,802 shares during the last quarter. Finally, Ffcm LLC raised its holdings in shares of BWX Technologies by 202.8% in the fourth quarter. Ffcm LLC now owns 2,398 shares of the technology company’s stock valued at $92,000 after buying an additional 1,606 shares during the last quarter.
Shares of BWX Technologies stock traded up $0.66 during trading on Friday, hitting $52.10. 1,123,192 shares of the company were exchanged, compared to its average volume of 478,220. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 21.80, a P/E/G ratio of 2.36 and a beta of 1.02. BWX Technologies Inc has a 1-year low of $35.91 and a 1-year high of $67.42. The stock has a fifty day moving average price of $48.98. The company has a debt-to-equity ratio of 3.52, a current ratio of 1.77 and a quick ratio of 1.77.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Friday, May 17th were given a $0.17 dividend. The ex-dividend date was Thursday, May 16th. This represents a $0.68 annualized dividend and a dividend yield of 1.31%. BWX Technologies’s dividend payout ratio is presently 28.45%.
In related news, CFO David S. Black sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $50.50, for a total value of $101,000.00. Following the completion of the transaction, the chief financial officer now directly owns 81,361 shares in the company, valued at approximately $4,108,730.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.44% of the stock is currently owned by insiders.
BWXT has been the subject of a number of research analyst reports. Maxim Group set a $68.00 price target on BWX Technologies and gave the company a “buy” rating in a report on Thursday, May 2nd. Zacks Investment Research cut BWX Technologies from a “hold” rating to a “sell” rating in a report on Monday, May 6th. Bank of America cut BWX Technologies from a “neutral” rating to an “underperform” rating and set a $52.00 price objective for the company. in a report on Friday, March 1st. Finally, TheStreet raised BWX Technologies from a “c+” rating to a “b-” rating in a report on Monday, April 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $54.33.
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.
Further Reading: Price-Sales Ratio
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