New York State Common Retirement Fund lifted its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 1.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 468,400 shares of the technology company’s stock after buying an additional 7,500 shares during the period. New York State Common Retirement Fund owned about 0.47% of BWX Technologies worth $26,240,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of BWXT. Aperio Group LLC lifted its stake in BWX Technologies by 39.8% in the 2nd quarter. Aperio Group LLC now owns 26,674 shares of the technology company’s stock valued at $1,300,000 after purchasing an additional 7,590 shares during the last quarter. US Bancorp DE lifted its stake in BWX Technologies by 218.0% in the 2nd quarter. US Bancorp DE now owns 4,045 shares of the technology company’s stock valued at $198,000 after purchasing an additional 2,773 shares during the last quarter. TD Asset Management Inc. lifted its stake in BWX Technologies by 51.3% in the 2nd quarter. TD Asset Management Inc. now owns 37,827 shares of the technology company’s stock valued at $1,844,000 after purchasing an additional 12,827 shares during the last quarter. Cigna Investments Inc. New acquired a new stake in BWX Technologies in the 2nd quarter valued at about $800,000. Finally, Trexquant Investment LP acquired a new stake in BWX Technologies in the 2nd quarter valued at about $439,000. Institutional investors own 95.49% of the company’s stock.
In other news, 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 transaction, the chairman now directly owns 87,919 shares of the company’s stock, valued at $5,293,602.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The stock was 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. Insiders have sold 24,453 shares of company stock worth $1,472,495 over the last ninety days. Insiders own 0.76% of the company’s stock.
Several brokerages recently issued reports on BWXT. Zacks Investment Research downgraded shares of BWX Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday. Wells Fargo & Co began coverage on shares of BWX Technologies in a research note on Monday, December 11th. They issued a “market perform” rating and a $65.00 target price for the company. ValuEngine downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. 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 started coverage on shares of BWX Technologies in a report on Tuesday, October 24th. They issued an “outperform” rating and a $70.00 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. BWX Technologies currently has an average rating of “Hold” and a consensus price target of $62.14.
BWX Technologies, Inc. (BWXT) traded up $0.04 during trading on Tuesday, reaching $60.53. 429,504 shares of the company’s stock traded hands, compared to its average volume of 398,200. The company has a market cap of $6,012.93, a PE ratio of 30.88, a P/E/G ratio of 2.61 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 52-week low of $39.03 and a 52-week high of $62.85.
BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, November 6th. The technology company reported $0.46 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. The firm had revenue of $419.36 million for 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 was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 EPS. equities analysts forecast that BWX Technologies, Inc. will post 2.07 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Stockholders of record on Monday, November 20th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.44 annualized dividend and a dividend yield of 0.73%. BWX Technologies’s dividend payout ratio is presently 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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