USA Financial Portformulas Corp cut its position in BWX Technologies, Inc. (NYSE:BWXT) by 23.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,901 shares of the technology company’s stock after selling 3,608 shares during the period. USA Financial Portformulas Corp’s holdings in BWX Technologies were worth $580,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP lifted its position in shares of 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 in the last quarter. 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 purchased a new stake in shares of BWX Technologies during the 2nd quarter worth approximately $151,000. Zurcher Kantonalbank Zurich Cantonalbank increased 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 purchasing an additional 721 shares during the last quarter. Finally, Globeflex Capital L P purchased a new stake in shares of BWX Technologies during the 2nd quarter worth approximately $193,000. 96.96% of the stock is currently owned by institutional investors and hedge funds.
In related news, CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $59.00, for a total transaction of $59,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jason S. Kerr sold 1,365 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $54.13, for a total transaction of $73,887.45. Following the transaction, 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. Insiders have sold a total of 2,010,194 shares of company stock valued at $106,958,540 in the last quarter. 0.76% of the stock is currently owned by company insiders.
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BWX Technologies, Inc. (NYSE:BWXT) traded down 0.45% during mid-day trading on Friday, reaching $59.94. 74,354 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $56.98 and a 200-day moving average price of $51.96. BWX Technologies, Inc. has a 12-month low of $36.16 and a 12-month high of $61.88. The stock has a market capitalization of $5.95 billion, a PE ratio of 31.68 and a beta of 0.46.
BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, August 7th. The technology company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.09. BWX Technologies had a net margin of 11.81% and a return on equity of 107.13%. The company had revenue of $410.01 million during the quarter, compared to analyst estimates of $429.38 million. During the same quarter last year, the business posted $0.44 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities research analysts expect that BWX Technologies, Inc. will post $2.03 EPS for the current year.
Several brokerages have recently issued reports on BWXT. BidaskClub upgraded shares of BWX Technologies from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Robert W. Baird began coverage on shares of BWX Technologies in a research note on Tuesday. They issued an “outperform” rating and a $70.00 price objective for the company. Bank of America Corporation lifted their price objective 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. ValuEngine lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, SunTrust Banks, Inc. restated a “buy” rating and set a $62.00 price target on shares of BWX Technologies in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $59.00.
BWX Technologies Company Profile
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.
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