WINTON GROUP Ltd decreased its holdings in BWX Technologies Inc (NYSE:BWXT) by 19.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,995 shares of the technology company’s stock after selling 6,368 shares during the period. WINTON GROUP Ltd’s holdings in BWX Technologies were worth $1,688,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Oakbrook Investments LLC bought a new stake in shares of BWX Technologies in the third quarter worth $383,000. Marshall Wace LLP acquired a new stake in BWX Technologies in the second quarter worth about $4,090,000. Northern Trust Corp lifted its holdings in BWX Technologies by 6.6% in the second quarter. Northern Trust Corp now owns 511,543 shares of the technology company’s stock worth $31,879,000 after purchasing an additional 31,894 shares during the period. HPM Partners LLC lifted its holdings in BWX Technologies by 104.4% in the second quarter. HPM Partners LLC now owns 26,853 shares of the technology company’s stock worth $1,673,000 after purchasing an additional 13,715 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in BWX Technologies in the second quarter worth about $859,000. 96.69% of the stock is owned by hedge funds and other institutional investors.
Several analysts have issued reports on BWXT shares. Maxim Group started coverage on BWX Technologies in a report on Tuesday, November 13th. They set a “buy” rating and a $60.00 price objective on the stock. SunTrust Banks dropped their price objective on BWX Technologies from $83.00 to $79.00 and set a “buy” rating on the stock in a report on Tuesday, August 21st. Drexel Hamilton restated a “buy” rating and issued a $55.00 price objective on shares of BWX Technologies in a report on Thursday, November 15th. TheStreet downgraded BWX Technologies from a “b” rating to a “c+” rating in a report on Tuesday, November 13th. Finally, Zacks Investment Research upgraded BWX Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $59.56.
In other news, CEO Rex D. Geveden bought 2,500 shares of BWX Technologies stock in a transaction that occurred on Tuesday, November 20th. The stock was purchased at an average cost of $41.49 per share, with a total value of $103,725.00. Following the completion of the transaction, the chief executive officer now directly owns 28,595 shares in the company, valued at $1,186,406.55. The purchase was disclosed in a 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 on Thursday, October 11th. The stock was sold at an average price of $57.65, for a total value of $57,650.00. Following the completion of the transaction, the chief financial officer now directly owns 68,570 shares of the company’s stock, valued at $3,953,060.50. The disclosure for this sale can be found here. Insiders sold 3,000 shares of company stock valued at $165,510 over the last three months. 0.52% of the stock is owned by company insiders.
Shares of BWXT traded down $2.15 during mid-day trading on Wednesday, hitting $43.02. The company’s stock had a trading volume of 1,432,093 shares, compared to its average volume of 1,460,954. BWX Technologies Inc has a one year low of $41.31 and a one year high of $72.18. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.93. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 1.72 and a beta of 0.53.
BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Tuesday, November 6th. The technology company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.22). BWX Technologies had a net margin of 10.81% and a return on equity of 66.38%. The business had revenue of $425.50 million during the quarter, compared to the consensus estimate of $461.26 million. During the same period in the prior year, the company posted $0.46 earnings per share. The firm’s revenue was up 1.5% compared to the same quarter last year. Equities analysts predict that BWX Technologies Inc will post 2.46 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Tuesday, November 20th will be given a $0.16 dividend. The ex-dividend date is Monday, November 19th. This represents a $0.64 annualized dividend and a dividend yield of 1.49%. BWX Technologies’s dividend payout ratio is 31.22%.
BWX Technologies Company Profile
BWX Technologies, Inc manufactures and sells nuclear components to the United States government. The company operates in three segments: Nuclear Operations, Technical Services, and Nuclear Energy. The Nuclear Operations segment offers precision naval nuclear components and reactors; close-tolerance and equipment for nuclear applications; and components for defense applications, as well as critical nuclear components, fuels, and assemblies for government and other uses.
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