Shapiro Capital Management LLC raised its stake in BWX Technologies Inc (NYSE:BWXT) by 171.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,962,354 shares of the technology company’s stock after purchasing an additional 2,500,913 shares during the quarter. BWX Technologies comprises about 4.2% of Shapiro Capital Management LLC’s investment portfolio, making the stock its 7th biggest position. Shapiro Capital Management LLC owned 4.01% of BWX Technologies worth $151,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently added to or reduced their stakes in the company. Caxton Associates LP acquired a new position in BWX Technologies in the fourth quarter valued at approximately $397,000. Nomura Holdings Inc. boosted its stake in BWX Technologies by 489.6% in the fourth quarter. Nomura Holdings Inc. now owns 59,965 shares of the technology company’s stock valued at $2,281,000 after acquiring an additional 49,795 shares during the period. Geode Capital Management LLC boosted its stake in BWX Technologies by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 913,031 shares of the technology company’s stock valued at $34,905,000 after acquiring an additional 35,237 shares during the period. California State Teachers Retirement System boosted its stake in BWX Technologies by 2.3% in the fourth quarter. California State Teachers Retirement System now owns 156,704 shares of the technology company’s stock valued at $5,991,000 after acquiring an additional 3,534 shares during the period. Finally, Brown Advisory Inc. boosted its stake in BWX Technologies by 14.5% in the fourth quarter. Brown Advisory Inc. now owns 5,811,393 shares of the technology company’s stock valued at $222,170,000 after acquiring an additional 734,736 shares during the period. 98.68% of the stock is currently owned by institutional investors.
BWXT has been the subject of a number of research reports. Zacks Investment Research upgraded BWX Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, January 23rd. Maxim Group restated a “buy” rating and issued a $68.00 target price (up from $65.00) on shares of BWX Technologies in a research note on Friday. Bank of America downgraded BWX Technologies from a “neutral” rating to an “underperform” rating and set a $52.00 target price for the company. in a research note on Friday, March 1st. Finally, ValuEngine upgraded BWX Technologies from a “sell” rating to a “hold” rating in a research note on Monday, November 19th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $58.25.
BWXT opened at $49.40 on Friday. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 2.36 and a beta of 0.99. The company has a debt-to-equity ratio of 3.20, a current ratio of 1.44 and a quick ratio of 1.44. BWX Technologies Inc has a 1-year low of $35.91 and a 1-year high of $72.18.
BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, February 25th. The technology company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.15. The firm had revenue of $478.00 million during the quarter, compared to the consensus estimate of $475.02 million. BWX Technologies had a return on equity of 76.32% and a net margin of 12.61%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.47 earnings per share. On average, analysts predict that BWX Technologies Inc will post 2.5 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Monday, March 11th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.38%. This is an increase from BWX Technologies’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, March 8th. BWX Technologies’s dividend payout ratio is 28.45%.
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About BWX Technologies
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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