Amalgamated Bank Has $4.41 Million Position in BWX Technologies, Inc. (NYSE:BWXT)

Amalgamated Bank lessened its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 14.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,429 shares of the technology company’s stock after selling 8,060 shares during the period. Amalgamated Bank’s holdings in BWX Technologies were worth $4,411,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of BWX Technologies by 105.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,239 shares of the technology company’s stock valued at $1,872,000 after purchasing an additional 9,344 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. bought a new position in shares of BWX Technologies during the 1st quarter worth approximately $1,144,000. Quantbot Technologies LP purchased a new position in shares of BWX Technologies in the 1st quarter worth approximately $1,096,000. Cantor Fitzgerald Investment Advisors L.P. bought a new position in shares of BWX Technologies in the fourth quarter valued at approximately $1,485,000. Finally, Russell Investments Group Ltd. increased its position in shares of BWX Technologies by 39.9% during the first quarter. Russell Investments Group Ltd. now owns 111,757 shares of the technology company’s stock valued at $11,469,000 after acquiring an additional 31,845 shares during the last quarter. 94.39% of the stock is owned by institutional investors.

BWX Technologies Stock Performance

Shares of BWXT stock opened at $102.84 on Friday. The firm’s 50 day moving average is $99.13 and its 200 day moving average is $96.28. The stock has a market capitalization of $9.40 billion, a P/E ratio of 37.13, a PEG ratio of 3.51 and a beta of 0.71. BWX Technologies, Inc. has a 12 month low of $72.14 and a 12 month 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.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, August 5th. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.06. The firm 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 business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.65 earnings per share. On average, sell-side analysts anticipate that BWX Technologies, Inc. will post 3.2 earnings per share for the current year.

BWX Technologies Announces Dividend

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. This represents a $0.96 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Friday, August 16th. BWX Technologies’s dividend payout ratio (DPR) is presently 34.66%.

Wall Street Analyst Weigh In

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

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.