Zurcher Kantonalbank Zurich Cantonalbank increased its position in BWX Technologies, Inc. (NYSE:BWXT) by 23.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,784 shares of the technology company’s stock after buying an additional 721 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in BWX Technologies were worth $184,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. Pacer Advisors Inc. boosted its holdings in BWX Technologies by 12.4% in the 2nd quarter. Pacer Advisors Inc. now owns 13,933 shares of the technology company’s stock worth $679,000 after buying an additional 1,532 shares during the period. Utah Retirement Systems boosted its holdings in BWX Technologies by 1.2% in the 2nd quarter. Utah Retirement Systems now owns 17,139 shares of the technology company’s stock worth $835,000 after buying an additional 200 shares during the period. Federated Investors Inc. PA bought a new position in BWX Technologies in the 2nd quarter worth $151,000. William Blair Investment Management LLC boosted its holdings in BWX Technologies by 11.8% in the 2nd quarter. William Blair Investment Management LLC now owns 6,544,781 shares of the technology company’s stock worth $319,058,000 after buying an additional 691,035 shares during the period. Finally, ZWJ Investment Counsel Inc. boosted its holdings in BWX Technologies by 20.9% in the 2nd quarter. ZWJ Investment Counsel Inc. now owns 224,324 shares of the technology company’s stock worth $10,936,000 after buying an additional 38,762 shares during the period. 97.03% of the stock is owned by institutional investors.
Shares of BWX Technologies, Inc. (BWXT) opened at 53.44 on Friday. The stock has a market cap of $5.31 billion, a PE ratio of 28.25 and a beta of 0.46. The firm has a 50-day moving average of $53.65 and a 200 day moving average of $49.80. BWX Technologies, Inc. has a 52 week low of $36.16 and a 52 week high of $54.83.
BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, August 7th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.09. BWX Technologies had a net margin of 11.81% and a return on equity of 107.13%. The business had revenue of $410.01 million for the quarter, compared to analyst estimates of $429.38 million. During the same quarter last year, the business earned $0.44 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities analysts forecast that BWX Technologies, Inc. will post $2.03 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Monday, August 21st were given a $0.11 dividend. The ex-dividend date was Thursday, August 17th. This represents a $0.44 annualized dividend and a dividend yield of 0.82%. BWX Technologies’s dividend payout ratio (DPR) is 23.28%.
Several brokerages recently weighed in on BWXT. BidaskClub downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Friday. ValuEngine raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. 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 report on Thursday, August 10th. Bank of America Corporation reaffirmed a “buy” rating and issued a $55.00 target price on shares of BWX Technologies in a report on Thursday, August 10th. Finally, Credit Suisse Group began coverage on shares of BWX Technologies in a report on Friday, June 9th. They issued a “neutral” rating and a $51.00 target price for the company. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $52.83.
In other news, insider Joseph G. Henry sold 15,000 shares of BWX Technologies stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $53.81, for a total value of $807,150.00. Following the sale, the insider now owns 10,639 shares in the company, valued at $572,484.59. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Harbour Group L.P. Blue sold 1,992,829 shares of BWX Technologies stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $53.20, for a total transaction of $106,018,502.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,009,194 shares of company stock worth $106,899,540. Company insiders own 0.76% of the company’s stock.
BWX Technologies 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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