Shapiro Capital Management LLC lessened its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 3.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,955,991 shares of the technology company’s stock after selling 76,800 shares during the period. BWX Technologies makes up about 2.3% of Shapiro Capital Management LLC’s investment portfolio, making the stock its 17th largest position. Shapiro Capital Management LLC owned about 1.97% of BWX Technologies worth $95,355,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Point72 Asset Management L.P. bought a new stake in BWX Technologies in the first quarter worth $4,455,000. Airain ltd increased its position in BWX Technologies by 81.3% in the first quarter. Airain ltd now owns 15,760 shares of the technology company’s stock worth $750,000 after purchasing an additional 7,065 shares during the last quarter. TD Asset Management Inc. increased its position in BWX Technologies by 42.9% in the first quarter. TD Asset Management Inc. now owns 25,000 shares of the technology company’s stock worth $1,190,000 after purchasing an additional 7,500 shares during the last quarter. BlackRock Inc. increased its position in BWX Technologies by 2,963.1% in the first quarter. BlackRock Inc. now owns 5,038,471 shares of the technology company’s stock worth $239,832,000 after purchasing an additional 4,873,983 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in BWX Technologies by 15.8% in the first quarter. Pacer Advisors Inc. now owns 12,401 shares of the technology company’s stock worth $590,000 after purchasing an additional 1,690 shares during the last quarter. Institutional investors own 96.95% of the company’s stock.
A number of research firms have weighed in on BWXT. ValuEngine upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. BidaskClub cut shares of BWX Technologies from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 23rd. Zacks Investment Research upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Thursday, August 10th. Bank of America Corporation restated a “buy” rating and issued a $55.00 price target on shares of BWX Technologies in a report on Thursday, August 10th. Finally, Sidoti restated a “buy” rating and issued a $62.00 price target on shares of BWX Technologies in a report on Wednesday, May 31st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. BWX Technologies presently has an average rating of “Buy” and an average target price of $52.83.
In other news, insider Harbour Group L.P. Blue sold 1,992,829 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $53.20, for a total transaction of $106,018,502.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jason S. Kerr sold 1,365 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $54.13, for a total value of $73,887.45. Following the transaction, the vice president now directly owns 4,312 shares of the company’s stock, valued at $233,408.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,009,194 shares of company stock valued at $106,899,540. 0.76% of the stock is currently owned by corporate insiders.
BWX Technologies, Inc. (BWXT) traded up 0.22% on Tuesday, hitting $54.32. 149,789 shares of the stock were exchanged. The firm has a market cap of $5.40 billion, a PE ratio of 28.71 and a beta of 0.46. BWX Technologies, Inc. has a 52-week low of $36.16 and a 52-week high of $54.83. The stock’s 50 day moving average price is $53.68 and its 200 day moving average price is $49.89.
BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, August 7th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.09. The firm had revenue of $410.01 million during the quarter, compared to the consensus estimate of $429.38 million. BWX Technologies had a return on equity of 107.13% and a net margin of 11.81%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the company earned $0.44 EPS. Equities research analysts forecast that BWX Technologies, Inc. will post $2.03 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Monday, August 21st were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Thursday, August 17th. BWX Technologies’s dividend payout ratio is currently 23.28%.
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.
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