Brown Advisory Inc. lowered its stake in shares of BWX Technologies Inc. (NYSE:BWXT) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,246 shares of the company’s stock after selling 560 shares during the period. Brown Advisory Inc.’s holdings in BWX Technologies were worth $653,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. M&T Bank Corp raised its stake in BWX Technologies by 1.1% in the second quarter. M&T Bank Corp now owns 6,639 shares of the company’s stock valued at $236,000 after buying an additional 69 shares in the last quarter. American Century Companies Inc. raised its stake in BWX Technologies by 3.5% in the second quarter. American Century Companies Inc. now owns 7,618 shares of the company’s stock valued at $272,000 after buying an additional 259 shares in the last quarter. Glenmede Trust Co. NA raised its stake in BWX Technologies by 4.5% in the second quarter. Glenmede Trust Co. NA now owns 10,735 shares of the company’s stock valued at $383,000 after buying an additional 460 shares in the last quarter. Teacher Retirement System of Texas raised its stake in BWX Technologies by 6.6% in the second quarter. Teacher Retirement System of Texas now owns 13,227 shares of the company’s stock valued at $473,000 after buying an additional 824 shares in the last quarter. Finally, I.G. Investment Management LTD. raised its stake in BWX Technologies by 9.4% in the second quarter. I.G. Investment Management LTD. now owns 12,549 shares of the company’s stock valued at $449,000 after buying an additional 1,075 shares in the last quarter. 94.36% of the stock is owned by institutional investors and hedge funds.
BWX Technologies Inc. (NYSE:BWXT) traded up 0.03% during trading on Friday, hitting $38.40. The stock had a trading volume of 54,145 shares. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 19.52 and a beta of 0.64. BWX Technologies Inc. has a 52-week low of $25.90 and a 52-week high of $39.70. The firm’s 50-day moving average price is $38.88 and its 200-day moving average price is $35.78.
BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, August 8th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.06. The firm 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 business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 EPS. Analysts predict that BWX Technologies Inc. will post $1.66 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Monday, August 22nd were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Thursday, August 18th. BWX Technologies’s payout ratio is presently 18.27%.
Separately, Zacks Investment Research raised BWX Technologies from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Monday, September 19th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $38.39.
In other BWX Technologies news, SVP James D. Canafax sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $38.29, for a total value of $172,305.00. Following the sale, the senior vice president now owns 72,100 shares of the company’s stock, valued at $2,760,709. The sale was disclosed in a filing with the SEC, which can be accessed 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 value 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. Insiders own 0.86% of the company’s stock.
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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