Mutual of America Capital Management LLC Sells 2,188 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Mutual of America Capital Management LLC decreased its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 4.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 52,337 shares of the technology company’s stock after selling 2,188 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of BWX Technologies worth $4,972,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BWXT. Vanguard Personalized Indexing Management LLC increased its stake in shares of BWX Technologies by 46.1% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 6,581 shares of the technology company’s stock valued at $505,000 after purchasing an additional 2,076 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of BWX Technologies by 4.2% in the 4th quarter. Wells Fargo & Company MN now owns 300,002 shares of the technology company’s stock valued at $23,019,000 after purchasing an additional 12,143 shares during the last quarter. Quest Partners LLC bought a new position in shares of BWX Technologies in the 4th quarter valued at $80,000. Assetmark Inc. grew its position in BWX Technologies by 39.5% during the 4th quarter. Assetmark Inc. now owns 17,517 shares of the technology company’s stock worth $1,344,000 after acquiring an additional 4,961 shares during the last quarter. Finally, Chesapeake Capital Corp IL bought a new stake in BWX Technologies during the 4th quarter worth $951,000. Institutional investors own 94.39% of the company’s stock.

Analyst Ratings Changes

BWXT has been the topic of a number of research reports. CLSA initiated coverage on BWX Technologies in a research report on Monday, June 3rd. They set a “buy” rating on the stock. Barclays lowered BWX Technologies from an “equal weight” rating to an “underweight” rating and boosted their price objective for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. StockNews.com upgraded BWX Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. BTIG Research initiated coverage on BWX Technologies in a research report on Wednesday, June 26th. They set a “buy” rating and a $110.00 price objective on the stock. Finally, Janney Montgomery Scott started coverage on BWX Technologies in a research report on Thursday, June 27th. They set a “buy” rating and a $113.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $102.57.

BWX Technologies Trading Up 4.9 %

NYSE BWXT opened at $102.84 on Friday. The business’s 50-day moving average price is $99.13 and its two-hundred day moving average price is $96.28. BWX Technologies, Inc. has a 12 month low of $72.14 and a 12 month high of $107.18. The firm has a market capitalization of $9.40 billion, a PE ratio of 37.13, a price-to-earnings-growth ratio of 3.51 and a beta of 0.71. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.21.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, August 5th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. The company had revenue of $681.50 million for the quarter, compared to the consensus estimate of $639.31 million. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 EPS. On average, analysts expect that BWX Technologies, Inc. will post 3.2 EPS for the current year.

BWX Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 16th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Friday, August 16th. BWX Technologies’s dividend payout ratio is 34.66%.

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.