Dimensional Fund Advisors LP lowered its position in shares of BWX Technologies Inc. (NYSE:BWXT) by 1.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,415,054 shares of the company’s stock after selling 17,414 shares during the period. Dimensional Fund Advisors LP owned about 1.36% of BWX Technologies worth $50,615,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. RS Investment Management Co. LLC purchased a new position in BWX Technologies during the second quarter valued at $24,074,000. Renaissance Technologies LLC boosted its position in BWX Technologies by 390.5% in the first quarter. Renaissance Technologies LLC now owns 961,800 shares of the company’s stock valued at $32,278,000 after buying an additional 765,700 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in BWX Technologies by 48.6% in the first quarter. Goldman Sachs Group Inc. now owns 335,207 shares of the company’s stock valued at $11,249,000 after buying an additional 109,668 shares during the last quarter. Smith Asset Management Group LP boosted its position in BWX Technologies by 185.5% in the second quarter. Smith Asset Management Group LP now owns 1,075,650 shares of the company’s stock valued at $38,476,000 after buying an additional 698,920 shares during the last quarter. Finally, M&T Bank Corp boosted its position 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 during the last quarter. 94.36% of the stock is currently owned by institutional investors and hedge funds.
Shares of BWX Technologies Inc. (NYSE:BWXT) traded down 0.08% on Friday, reaching $38.35. 759,469 shares of the company traded hands. BWX Technologies Inc. has a 1-year low of $26.89 and a 1-year high of $39.70. The stock has a 50-day moving average price of $38.82 and a 200 day moving average price of $35.98. The firm has a market capitalization of $3.97 billion, a P/E ratio of 19.50 and a beta of 0.49.
BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, August 8th. The company reported $0.44 earnings per share (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 company had revenue of $402.38 million for the quarter, compared to analysts’ expectations of $367.04 million. During the same quarter last year, the company posted $0.32 earnings per share. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. Analysts anticipate that BWX Technologies Inc. will post $1.66 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Monday, August 22nd were paid 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 dividend payout ratio is presently 18.27%.
Separately, Zacks Investment Research cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Friday, September 16th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. BWX Technologies presently has a consensus rating of “Buy” and an average target price of $38.39.
In other news, insider Joseph G. Henry sold 16,032 shares of BWX Technologies stock in a transaction 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 transaction, the insider now owns 36,425 shares in the company, valued at approximately $1,430,774. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP James D. Canafax sold 4,500 shares of BWX Technologies stock in a transaction on Monday, August 15th. The stock was sold at an average price of $38.29, for a total transaction of $172,305.00. Following the transaction, the senior vice president now owns 72,100 shares in the company, valued at approximately $2,760,709. 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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