First Trust Advisors LP raised its stake in BWX Technologies Inc. (NYSE:BWXT) by 7.6% during the second quarter, Holdings Channel reports. The firm owned 33,172 shares of the company’s stock after buying an additional 2,341 shares during the period. First Trust Advisors LP’s holdings in BWX Technologies were worth $1,187,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of BWXT. HBK Investments L P boosted its stake in shares of BWX Technologies by 52.9% in the first quarter. HBK Investments L P now owns 194,841 shares of the company’s stock worth $6,539,000 after buying an additional 67,385 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of BWX Technologies by 2.6% in the first quarter. Geode Capital Management LLC now owns 654,093 shares of the company’s stock worth $21,951,000 after buying an additional 16,493 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of BWX Technologies by 4.7% in the first quarter. Loomis Sayles & Co. L P now owns 1,562,480 shares of the company’s stock worth $52,437,000 after buying an additional 69,917 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of BWX Technologies by 48.6% in the first quarter. Goldman Sachs Group Inc. now owns 335,207 shares of the company’s stock worth $11,249,000 after buying an additional 109,668 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of BWX Technologies by 2.8% in the first quarter. State Street Corp now owns 1,607,839 shares of the company’s stock worth $53,958,000 after buying an additional 44,028 shares during the last quarter. 94.36% of the stock is owned by institutional investors.
BWX Technologies Inc. (NYSE:BWXT) traded down 0.03% on Monday, reaching $38.36. The company had a trading volume of 187,257 shares. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 19.50 and a beta of 0.49. The stock’s 50-day moving average price is $38.88 and its 200 day moving average price is $35.82. 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 earnings results on Monday, August 8th. The company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.06. BWX Technologies had a net margin of 14.07% and a return on equity of 60.44%. The business earned $402.38 million during the quarter, compared to analysts’ expectations of $367.04 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The firm’s revenue was up 12.7% on a year-over-year basis. On average, equities analysts anticipate that BWX Technologies Inc. will post $1.66 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Monday, August 22nd were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Thursday, August 18th. BWX Technologies’s payout ratio is 18.27%.
Separately, Zacks Investment Research cut BWX Technologies from a “buy” rating to a “hold” rating in a research note on Friday, September 16th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. BWX Technologies has a consensus rating of “Buy” and a consensus target price of $38.39.
In other BWX Technologies news, insider Joseph G. Henry sold 16,032 shares of the stock in a transaction 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 owns 36,425 shares in the company, valued at $1,430,774. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP James D. Canafax sold 4,500 shares of the stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $37.74, for a total transaction of $169,830.00. Following the completion of the sale, the senior vice president now owns 67,600 shares of the company’s stock, valued at approximately $2,551,224. The disclosure for this sale can be found here. Corporate 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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