Amalgamated Bank Lowers Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Amalgamated Bank decreased its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 14.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,429 shares of the technology company’s stock after selling 8,060 shares during the quarter. Amalgamated Bank owned about 0.05% of BWX Technologies worth $4,411,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Quent Capital LLC boosted its holdings in BWX Technologies by 146.6% during the first quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock worth $26,000 after buying an additional 151 shares in the last quarter. GAMMA Investing LLC raised its holdings in BWX Technologies by 77.6% in the first quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock valued at $28,000 after buying an additional 118 shares during the period. Toth Financial Advisory Corp lifted its holdings in shares of BWX Technologies by 1,500.0% during the 1st quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock valued at $33,000 after acquiring an additional 300 shares in the last quarter. Blue Trust Inc. boosted its position in shares of BWX Technologies by 37.2% in the second quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock worth $46,000 after buying an additional 121 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in BWX Technologies in the second quarter valued at approximately $45,000. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Trading Up 4.9 %

Shares of NYSE BWXT opened at $102.84 on Friday. The company has a market cap of $9.40 billion, a PE ratio of 37.13, a P/E/G ratio of 3.51 and a beta of 0.71. BWX Technologies, Inc. has a 1-year low of $72.14 and a 1-year high of $107.18. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.21. The company has a 50-day moving average of $99.13 and a two-hundred day moving average of $96.28.

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

BWX Technologies Dividend Announcement

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

Analyst Upgrades and Downgrades

BWXT has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of BWX Technologies from $112.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. BTIG Research started coverage on BWX Technologies in a research report on Wednesday, June 26th. They issued a “buy” rating and a $110.00 target price for the company. Barclays cut shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and lifted their price objective for the stock from $75.00 to $90.00 in a research note on Wednesday, July 24th. StockNews.com raised BWX Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Finally, CLSA initiated coverage on shares of BWX Technologies in a research note on Monday, June 3rd. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $102.57.

About BWX Technologies

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.