Bank of Montreal Can bought a new position in shares of BWX Technologies Inc. (NYSE:BWXT) during the second quarter, Holdings Channel reports. The fund bought 124,447 shares of the company’s stock, valued at approximately $4,451,000.
Several other large investors have also recently modified their holdings of the stock. Aperio Group LLC boosted its stake in shares of BWX Technologies by 6.9% in the first quarter. Aperio Group LLC now owns 25,147 shares of the company’s stock worth $844,000 after buying an additional 1,618 shares during the last quarter. M&T Bank Corp purchased a new stake in shares of BWX Technologies during the first quarter worth about $221,000. New York State Teachers Retirement System purchased a new stake in shares of BWX Technologies during the second quarter worth about $333,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of BWX Technologies by 27.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 58,016 shares of the company’s stock worth $2,074,000 after buying an additional 12,563 shares during the last quarter. Finally, Seven Eight Capital LLC boosted its stake in shares of BWX Technologies by 4,533.3% in the first quarter. Seven Eight Capital LLC now owns 13,900 shares of the company’s stock worth $466,000 after buying an additional 13,600 shares during the last quarter. 94.36% of the stock is currently owned by institutional investors.
BWX Technologies Inc. (NYSE:BWXT) traded down 0.34% on Thursday, reaching $37.88. 351,288 shares of the company’s stock traded hands. The company’s 50 day moving average is $38.72 and its 200-day moving average is $36.07. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 19.26 and a beta of 0.49. BWX Technologies Inc. has a 52-week low of $26.89 and a 52-week high of $39.70.
BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.38 by $0.06. The business had revenue of $402.38 million for the quarter, compared to analyst estimates of $367.04 million. BWX Technologies had a net margin of 14.07% and a return on equity of 60.44%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 earnings per share. Equities analysts expect that BWX Technologies Inc. will post $1.66 EPS for the current year.
Separately, Zacks Investment Research raised shares of BWX Technologies from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Thursday, August 11th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $38.39.
In other news, SVP James D. Canafax sold 4,500 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $37.74, for a total value of $169,830.00. Following the sale, the senior vice president now owns 67,600 shares of the company’s stock, valued at $2,551,224. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Joseph G. Henry sold 16,032 shares of the business’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $39.28, for a total transaction of $629,736.96. Following the completion of the sale, the insider now directly owns 36,425 shares in the company, valued at approximately $1,430,774. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by insiders.
BWX Technologies Company Profile
BWX Technologies, Inc, formerly The Babcock & Wilcox Company, 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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