Comerica Bank Buys New Position in BWX Technologies, Inc. (BWXT)

Comerica Bank bought a new position in BWX Technologies, Inc. (NYSE:BWXT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,733 shares of the technology company’s stock, valued at approximately $767,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of BWX Technologies by 0.7% during the second quarter. Vanguard Group Inc. now owns 8,004,745 shares of the technology company’s stock worth $390,232,000 after buying an additional 58,159 shares during the last quarter. William Blair Investment Management LLC raised its stake in shares of BWX Technologies by 11.8% during the second 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 last quarter. BlackRock Inc. raised its stake in shares of BWX Technologies by 6.7% during the second quarter. BlackRock Inc. now owns 5,374,992 shares of the technology company’s stock worth $262,030,000 after buying an additional 336,521 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in shares of BWX Technologies by 210.9% during the second quarter. Artisan Partners Limited Partnership now owns 4,100,416 shares of the technology company’s stock worth $199,895,000 after buying an additional 2,781,599 shares during the last quarter. Finally, Capital Research Global Investors raised its stake in shares of BWX Technologies by 11.1% during the second quarter. Capital Research Global Investors now owns 3,464,262 shares of the technology company’s stock worth $168,883,000 after buying an additional 345,797 shares during the last quarter. 95.50% of the stock is owned by institutional investors.

A number of research firms recently weighed in on BWXT. SunTrust Banks reissued a “buy” rating and set a $62.00 price target on shares of BWX Technologies in a research note on Monday, October 2nd. ValuEngine downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of BWX Technologies from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Thursday, August 10th. Bank of America reissued a “buy” rating and set a $55.00 price target on shares of BWX Technologies in a research note on Thursday, August 10th. Finally, BidaskClub cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $61.67.

In other news, Chairman John A. Fees sold 21,453 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $60.21, for a total value of $1,291,685.13. Following the completion of the transaction, the chairman now owns 87,919 shares in the company, valued at $5,293,602.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David S. Black sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $59.00, for a total transaction of $59,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,016,282 shares of company stock valued at $107,429,118. Corporate insiders own 0.76% of the company’s stock.

BWX Technologies, Inc. (NYSE BWXT) opened at $61.76 on Tuesday. The stock has a market cap of $6,151.10, a P/E ratio of 30.48, a P/E/G ratio of 2.41 and a beta of 0.47. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.81 and a current ratio of 1.81. BWX Technologies, Inc. has a 1-year low of $37.63 and a 1-year high of $62.85.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, November 6th. The technology company reported $0.46 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.46. The firm had revenue of $419.36 million during the quarter, compared to analysts’ expectations of $420.39 million. BWX Technologies had a net margin of 11.89% and a return on equity of 88.05%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.39 earnings per share. equities analysts forecast that BWX Technologies, Inc. will post 2.08 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Monday, November 20th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Friday, November 17th. BWX Technologies’s dividend payout ratio is currently 22.45%.

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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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Institutional Ownership by Quarter for BWX Technologies (NYSE:BWXT)

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