Arizona State Retirement System Sells 692 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Posted by MarketBeat News on Aug 2nd, 2022

Arizona State Retirement System cut its position in BWX Technologies, Inc. (NYSE:BWXT – Get Rating) by 2.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,924 shares of the technology company’s stock after selling 692 shares during the quarter. Arizona State Retirement System’s holdings in BWX Technologies were worth $1,342,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Boston Partners boosted its stake in BWX Technologies by 9.3% in the 4th quarter. Boston Partners now owns 5,321,919 shares of the technology company’s stock valued at $254,818,000 after purchasing an additional 452,145 shares during the period. Cooke & Bieler LP boosted its stake in BWX Technologies by 0.3% in the 4th quarter. Cooke & Bieler LP now owns 3,033,380 shares of the technology company’s stock valued at $145,238,000 after purchasing an additional 9,170 shares during the period. Capital Research Global Investors lifted its position in shares of BWX Technologies by 25.2% during the 4th quarter. Capital Research Global Investors now owns 2,421,505 shares of the technology company’s stock valued at $115,942,000 after acquiring an additional 488,000 shares during the period. State Street Corp lifted its position in shares of BWX Technologies by 8.0% during the 4th quarter. State Street Corp now owns 2,363,810 shares of the technology company’s stock valued at $113,179,000 after acquiring an additional 174,997 shares during the period. Finally, Shapiro Capital Management LLC lifted its position in shares of BWX Technologies by 29.2% during the 4th quarter. Shapiro Capital Management LLC now owns 2,328,670 shares of the technology company’s stock valued at $111,497,000 after acquiring an additional 526,075 shares during the period. 97.26% of the stock is currently owned by institutional investors.

BWX Technologies Stock Performance

NYSE:BWXT opened at $56.84 on Tuesday. The stock has a fifty day moving average price of $53.22 and a 200-day moving average price of $51.47. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 2.84 and a beta of 0.77. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.94 and a current ratio of 1.94. BWX Technologies, Inc. has a fifty-two week low of $42.58 and a fifty-two week high of $62.53.

BWX Technologies (NYSE:BWXT – Get Rating) last released its earnings results on Monday, May 9th. The technology company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. The firm had revenue of $531.00 million during the quarter, compared to the consensus estimate of $514.96 million. BWX Technologies had a return on equity of 43.72% and a net margin of 13.88%. The company’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.73 EPS. As a group, equities analysts anticipate that BWX Technologies, Inc. will post 3.18 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 8th. Stockholders of record on Friday, May 20th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, May 19th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.55%. BWX Technologies’s payout ratio is 27.94%.

About BWX Technologies

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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.