Ajo LP decreased its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 39.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 34,931 shares of the technology company’s stock after selling 22,978 shares during the period. Ajo LP’s holdings in BWX Technologies were worth $1,703,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of BWXT. Spot Trading L.L.C. grew its position in shares of BWX Technologies by 60.3% in the 1st quarter. Spot Trading L.L.C. now owns 18,617 shares of the technology company’s stock worth $886,000 after buying an additional 7,004 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of BWX Technologies by 70.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 8,972 shares of the technology company’s stock worth $427,000 after buying an additional 3,711 shares during the last quarter. World Asset Management Inc purchased a new position in shares of BWX Technologies in the 1st quarter worth approximately $206,000. UBS Asset Management Americas Inc. grew its position in shares of BWX Technologies by 19.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 60,090 shares of the technology company’s stock worth $2,860,000 after buying an additional 9,811 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new position in shares of BWX Technologies in the 1st quarter worth approximately $908,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.
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A number of brokerages have recently issued reports on BWXT. BidaskClub downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. ValuEngine raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research 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 price objective on the stock in a research report on Thursday, August 10th. Bank of America Corporation reaffirmed a “buy” rating and issued a $55.00 price objective on shares of BWX Technologies in a research report on Thursday, August 10th. Finally, Credit Suisse Group began coverage on shares of BWX Technologies in a research report on Friday, June 9th. They issued a “neutral” rating and a $51.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $52.83.
In other BWX Technologies news, VP Jason S. Kerr sold 1,365 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were 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 in the company, valued at $233,408.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Harbour Group L.P. Blue sold 1,992,829 shares of the stock in a transaction that occurred on 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. Insiders sold 2,009,194 shares of company stock worth $106,899,540 over the last quarter. 0.76% of the stock is currently owned by insiders.
Shares of BWX Technologies, Inc. (BWXT) opened at 54.53 on Wednesday. BWX Technologies, Inc. has a 1-year low of $36.16 and a 1-year high of $54.83. The company has a 50-day moving average of $53.74 and a 200-day moving average of $49.94. The firm has a market capitalization of $5.42 billion, a PE ratio of 28.82 and a beta of 0.46.
BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, August 7th. The technology company reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.09. The company had revenue of $410.01 million for the quarter, compared to analyst estimates of $429.38 million. BWX Technologies had a net margin of 11.81% and a return on equity of 107.13%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 earnings per share. Equities research analysts predict that BWX Technologies, Inc. will post $2.03 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Monday, August 21st were paid a $0.11 dividend. The ex-dividend date was Thursday, August 17th. This represents a $0.44 annualized dividend and a yield of 0.81%. BWX Technologies’s dividend payout ratio is currently 23.28%.
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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