Stifel Financial Corp grew its stake in BWX Technologies, Inc. (NYSE:BWXT) by 21.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 359,314 shares of the technology company’s stock after purchasing an additional 63,375 shares during the quarter. Stifel Financial Corp owned approximately 0.36% of BWX Technologies worth $20,124,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its position in 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 acquiring an additional 58,159 shares during the period. William Blair Investment Management LLC increased its position in 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 acquiring an additional 691,035 shares during the period. BlackRock Inc. increased its position in 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 acquiring an additional 336,521 shares during the period. Artisan Partners Limited Partnership increased its position in BWX Technologies by 12.4% during the third quarter. Artisan Partners Limited Partnership now owns 4,609,767 shares of the technology company’s stock worth $258,239,000 after acquiring an additional 509,351 shares during the period. Finally, Capital Research Global Investors increased its position in 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 acquiring an additional 345,797 shares during the period. 95.50% of the stock is currently owned by institutional investors.
Shares of BWX Technologies, Inc. (NYSE:BWXT) opened at $59.95 on Friday. BWX Technologies, Inc. has a one year low of $37.63 and a one year high of $62.85. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.59. The firm has a market cap of $6,020.88, a P/E ratio of 29.84, a PEG ratio of 2.37 and a beta of 0.47.
BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, November 6th. The technology company reported $0.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.46. BWX Technologies had a net margin of 11.89% and a return on equity of 88.05%. The company had revenue of $419.36 million for the quarter, compared to the consensus estimate of $420.39 million. During the same period last year, the company posted $0.39 EPS. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. sell-side analysts anticipate that BWX Technologies, Inc. will post 2.07 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Monday, November 20th were issued a $0.11 dividend. The ex-dividend date was Friday, November 17th. This represents a $0.44 dividend on an annualized basis and a yield of 0.73%. BWX Technologies’s dividend payout ratio (DPR) is presently 22.45%.
In related news, CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $59.93, for a total value of $59,930.00. Following the completion of the transaction, the chief financial officer now owns 63,979 shares in the company, valued at approximately $3,834,261.47. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman John A. Fees sold 21,453 shares of the firm’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 transaction of $1,291,685.13. Following the completion of the transaction, the chairman now owns 87,919 shares of the company’s stock, valued at approximately $5,293,602.99. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,453 shares of company stock valued at $1,472,495. 0.76% of the stock is owned by company insiders.
BWXT has been the topic of a number of analyst reports. SunTrust Banks reiterated a “buy” rating and set a $62.00 price objective on shares of BWX Technologies in a research note on Monday, October 2nd. Wells Fargo & Company initiated coverage on shares of BWX Technologies in a research note on Monday. They set a “market perform” rating and a $65.00 price objective on the stock. ValuEngine downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. BidaskClub downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, Robert W. Baird initiated coverage on shares of BWX Technologies in a research note on Tuesday, October 24th. They set an “outperform” rating and a $70.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $62.14.
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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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