PEAK6 Investments L.P. trimmed its position in shares of BWX Technologies (NYSE:BWXT) by 61.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,115 shares of the technology company’s stock after selling 15,933 shares during the period. PEAK6 Investments L.P.’s holdings in BWX Technologies were worth $612,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. Quantbot Technologies LP grew its stake in BWX Technologies by 37.9% during the third quarter. Quantbot Technologies LP now owns 3,382 shares of the technology company’s stock worth $189,000 after buying an additional 929 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of BWX Technologies by 6.8% in the 3rd quarter. Pacer Advisors Inc. now owns 14,875 shares of the technology company’s stock valued at $833,000 after purchasing an additional 942 shares in the last quarter. Atria Investments LLC boosted its stake in shares of BWX Technologies by 24.9% in the 4th quarter. Atria Investments LLC now owns 4,883 shares of the technology company’s stock valued at $295,000 after purchasing an additional 973 shares in the last quarter. Amalgamated Bank boosted its stake in shares of BWX Technologies by 5.8% in the 4th quarter. Amalgamated Bank now owns 18,764 shares of the technology company’s stock valued at $1,135,000 after purchasing an additional 1,032 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of BWX Technologies by 39.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,272 shares of the technology company’s stock valued at $319,000 after purchasing an additional 1,488 shares in the last quarter. Hedge funds and other institutional investors own 94.57% of the company’s stock.
NYSE:BWXT opened at $64.59 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.65 and a current ratio of 1.65. BWX Technologies has a one year low of $45.79 and a one year high of $67.69. The company has a market cap of $6,360.24, a P/E ratio of 31.51, a price-to-earnings-growth ratio of 2.27 and a beta of 0.49.
BWX Technologies (NYSE:BWXT) last posted its earnings results on Tuesday, February 27th. The technology company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. BWX Technologies had a net margin of 8.76% and a return on equity of 77.24%. The business had revenue of $430.14 million for the quarter, compared to the consensus estimate of $451.18 million. analysts expect that BWX Technologies will post 2.52 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Monday, March 12th were issued a dividend of $0.16 per share. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.11. The ex-dividend date was Friday, March 9th. This represents a $0.64 annualized dividend and a yield of 0.99%. BWX Technologies’s dividend payout ratio (DPR) is presently 31.22%.
In other BWX Technologies news, CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $64.44, for a total transaction of $64,440.00. Following the completion of the transaction, the chief financial officer now owns 71,874 shares in the company, valued at approximately $4,631,560.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 3,000 shares of company stock valued at $186,350. Company insiders own 0.76% of the company’s stock.
BWXT has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. ValuEngine upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Wells Fargo initiated coverage on shares of BWX Technologies in a research note on Monday, December 11th. They issued a “market perform” rating and a $65.00 price target on the stock. Barclays initiated coverage on shares of BWX Technologies in a research note on Thursday, March 29th. They issued an “underweight” rating and a $62.00 price target on the stock. Finally, Alembic Global Advisors restated a “buy” rating on shares of BWX Technologies in a research note on Tuesday, March 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $65.44.
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BWX Technologies Profile
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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