BWX Technologies, Inc. (BWXT) Shares Bought by Curbstone Financial Management Corp

Curbstone Financial Management Corp lifted its position in BWX Technologies, Inc. (NYSE:BWXT) by 100.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,150 shares of the technology company’s stock after acquiring an additional 7,075 shares during the period. Curbstone Financial Management Corp’s holdings in BWX Technologies were worth $793,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Quantbot Technologies LP raised its holdings in BWX Technologies by 11.2% during the 2nd quarter. Quantbot Technologies LP now owns 2,453 shares of the technology company’s stock worth $119,000 after buying an additional 248 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of BWX Technologies during the 1st quarter worth approximately $124,000. Federated Investors Inc. PA bought a new position in shares of BWX Technologies during the 2nd quarter worth approximately $151,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of BWX Technologies by 23.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,784 shares of the technology company’s stock worth $184,000 after acquiring an additional 721 shares in the last quarter. Finally, Globeflex Capital L P bought a new position in shares of BWX Technologies during the 2nd quarter worth approximately $193,000. Institutional investors and hedge funds own 96.96% of the company’s stock.

In related news, CFO David S. Black sold 1,000 shares of the stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $59.00, for a total value of $59,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Jason S. Kerr sold 1,365 shares of the stock in a transaction on Friday, August 11th. The shares were sold at an average price of $54.13, for a total value of $73,887.45. Following the sale, the vice president now directly owns 4,312 shares in the company, valued at approximately $233,408.56. The disclosure for this sale can be found here. In the last three months, insiders sold 2,010,194 shares of company stock worth $106,958,540. 0.76% of the stock is owned by insiders.

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Several equities analysts recently weighed in on BWXT shares. Bank of America Corporation raised their target price on shares of BWX Technologies from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, October 5th. BidaskClub cut shares of BWX Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 23rd. Zacks Investment Research raised shares of BWX Technologies from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Thursday, August 10th. ValuEngine raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $62.00 price objective on shares of BWX Technologies in a research report on Monday, October 2nd. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $59.00.

BWX Technologies, Inc. (NYSE BWXT) traded down 0.38% on Friday, reaching $59.98. The company had a trading volume of 110,651 shares. The stock has a market capitalization of $5.96 billion, a P/E ratio of 31.70 and a beta of 0.46. The stock’s 50-day moving average price is $56.98 and its 200-day moving average price is $51.96. BWX Technologies, Inc. has a 12-month low of $36.16 and a 12-month high of $61.88.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, August 7th. The technology company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.09. BWX Technologies had a return on equity of 107.13% and a net margin of 11.81%. The firm had revenue of $410.01 million for the quarter, compared to the consensus estimate of $429.38 million. During the same period in the prior year, the business posted $0.44 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities research analysts anticipate that BWX Technologies, Inc. will post $2.03 EPS for the current fiscal year.

About BWX Technologies

BWX Technologies, Inc is a manufacturer of nuclear components and a service provider. The Company’s businesses focus on the design, engineering and manufacture of precision naval nuclear components, reactors and nuclear fuel for the United States Government. Its segments include Nuclear Operations, Technical Services, Nuclear Energy and Other.

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

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