Comerica Bank Makes New Investment in BWX Technologies, Inc. (NYSE:BWXT)

Comerica Bank purchased a new position in BWX Technologies, Inc. (NYSE:BWXTGet Rating) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,559 shares of the technology company’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Covestor Ltd acquired a new stake in shares of BWX Technologies during the 4th quarter valued at about $54,000. ARK Investment Management LLC bought a new position in BWX Technologies during the 1st quarter valued at about $180,000. Keebeck Alpha LP bought a new position in BWX Technologies during the 4th quarter valued at about $208,000. Astrantus Ltd bought a new position in BWX Technologies during the 4th quarter valued at about $225,000. Finally, Sciencast Management LP bought a new position in BWX Technologies during the 1st quarter valued at about $280,000. 97.26% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Trading Up 1.9 %

Shares of BWXT stock opened at $56.68 on Monday. BWX Technologies, Inc. has a 12-month low of $42.58 and a 12-month high of $62.53. The company has a market capitalization of $5.17 billion, a P/E ratio of 17.99, a P/E/G ratio of 2.74 and a beta of 0.80. The firm has a 50-day moving average price of $53.08 and a 200 day moving average price of $51.41. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 1.97.

BWX Technologies (NYSE:BWXTGet Rating) last announced its earnings results on Monday, May 9th. The technology company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. BWX Technologies had a net margin of 13.88% and a return on equity of 43.72%. The company had revenue of $531.00 million during the quarter, compared to the consensus estimate of $514.96 million. During the same period in the previous year, the firm posted $0.73 earnings per share. The company’s revenue was up .6% on a year-over-year basis. Research analysts forecast that BWX Technologies, Inc. will post 3.18 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 8th. Investors of record on Friday, May 20th were issued a $0.22 dividend. The ex-dividend date of this dividend was Thursday, May 19th. This represents a $0.88 annualized dividend and a yield of 1.55%. BWX Technologies’s dividend payout ratio is currently 27.94%.

BWX Technologies Company Profile

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BWX Technologies, Inc manufactures and sells nuclear components in the United States, Canada, and internationally. It operates in three segments: Nuclear Operations Group, Nuclear Power Group, and Nuclear Services Group. The Nuclear Operations Group segment provides precision naval and critical nuclear components, reactors, nuclear fuel, and assemblies for the United States Department of Energy/National Nuclear Security Administration's Naval Nuclear Propulsion Program and other uses; missile launch tubes for United States Navy submarines; close-tolerance and equipment for nuclear applications; and converts Cold War-era government stockpiles of high-enriched uranium, as well as receives, stores, characterizes, dissolves, recovers, and purifies uranium-bearing materials; supplies research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications.

Further Reading

Institutional Ownership by Quarter for BWX Technologies (NYSE:BWXT)

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