Voloridge Investment Management LLC purchased a new position in shares of BWX Technologies Inc (NYSE:BWXT) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 49,439 shares of the technology company’s stock, valued at approximately $2,828,000. Voloridge Investment Management LLC owned approximately 0.05% of BWX Technologies at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. William Blair Investment Management LLC raised its position in BWX Technologies by 10.4% during the second quarter. William Blair Investment Management LLC now owns 7,012,266 shares of the technology company’s stock valued at $365,339,000 after purchasing an additional 659,488 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of BWX Technologies by 13.0% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,656,977 shares of the technology company’s stock valued at $86,328,000 after purchasing an additional 190,041 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of BWX Technologies by 16.9% in the 2nd quarter. Invesco Ltd. now owns 1,594,660 shares of the technology company’s stock valued at $83,082,000 after purchasing an additional 231,113 shares in the last quarter. Schroder Investment Management Group increased its stake in shares of BWX Technologies by 87.6% in the 2nd quarter. Schroder Investment Management Group now owns 1,442,966 shares of the technology company’s stock valued at $75,178,000 after purchasing an additional 673,606 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in shares of BWX Technologies by 10.9% in the 2nd quarter. Royal Bank of Canada now owns 720,029 shares of the technology company’s stock valued at $37,512,000 after purchasing an additional 70,625 shares during the last quarter.
Several analysts recently weighed in on the company. Seaport Global Securities set a $62.00 price objective on BWX Technologies and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Barclays set a $55.00 target price on BWX Technologies and gave the company a “sell” rating in a research report on Tuesday, October 8th. ValuEngine downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. Zacks Investment Research cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, SunTrust Banks set a $55.00 target price on shares of BWX Technologies and gave the stock a “hold” rating in a report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. BWX Technologies has a consensus rating of “Hold” and an average target price of $60.50.
In related news, CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $54.73, for a total transaction of $54,730.00. Following the sale, the chief financial officer now directly owns 75,161 shares in the company, valued at approximately $4,113,561.53. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Joel W. Duling sold 1,600 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $60.87, for a total transaction of $97,392.00. Following the sale, the insider now directly owns 16,801 shares in the company, valued at $1,022,676.87. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,600 shares of company stock valued at $272,732. Insiders own 0.44% of the company’s stock.
NYSE BWXT opened at $58.98 on Tuesday. The firm’s fifty day moving average price is $59.11 and its two-hundred day moving average price is $55.03. The stock has a market cap of $5.73 billion, a PE ratio of 24.68, a PEG ratio of 2.67 and a beta of 1.03. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.86 and a current ratio of 1.86. BWX Technologies Inc has a fifty-two week low of $35.91 and a fifty-two week high of $62.94.
BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.14. BWX Technologies had a return on equity of 90.98% and a net margin of 10.93%. The company had revenue of $506.00 million during the quarter, compared to analysts’ expectations of $486.02 million. During the same period in the prior year, the company earned $0.40 EPS. BWX Technologies’s revenue was up 18.8% compared to the same quarter last year. As a group, sell-side analysts predict that BWX Technologies Inc will post 2.55 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 20th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.68 dividend on an annualized basis and a yield of 1.15%. BWX Technologies’s payout ratio is presently 28.45%.
BWX Technologies Company 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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