Schroder Investment Management Group lowered its stake in BWX Technologies Inc. (NYSE:BWXT) by 30.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,095 shares of the company’s stock after selling 12,571 shares during the period. Schroder Investment Management Group’s holdings in BWX Technologies were worth $1,041,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of the company. Societe Generale bought a new position in BWX Technologies during the second quarter worth about $114,000. M&T Bank Corp bought a new position in BWX Technologies during the first quarter worth about $221,000. Calamos Advisors LLC bought a new position in BWX Technologies during the second quarter worth about $270,000. American Century Companies Inc. raised its position in BWX Technologies by 3.5% in the second quarter. American Century Companies Inc. now owns 7,618 shares of the company’s stock worth $272,000 after buying an additional 259 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in BWX Technologies during the first quarter worth about $305,000. Institutional investors own 94.36% of the company’s stock.
Shares of BWX Technologies Inc. (NYSE:BWXT) traded down 1.32% on Friday, reaching $38.92. The company’s stock had a trading volume of 475,136 shares. The stock has a 50-day moving average of $38.79 and a 200 day moving average of $35.61. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of 19.79 and a beta of 0.64. BWX Technologies Inc. has a 52 week low of $25.18 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 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.06. BWX Technologies had a return on equity of 60.44% and a net margin of 14.07%. The firm earned $402.38 million during the quarter, compared to the consensus estimate of $367.04 million. During the same quarter in the prior year, the company earned $0.32 EPS. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, analysts expect that BWX Technologies Inc. will post $1.66 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Monday, August 22nd were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $0.36 annualized dividend and a yield of 0.92%. BWX Technologies’s payout ratio is 18.27%.
Separately, Zacks Investment Research lowered BWX Technologies from a “buy” rating to a “hold” rating in a research report on Friday, September 16th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $38.39.
In other BWX Technologies news, SVP James D. Canafax sold 4,500 shares of the company’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 completion of the transaction, the senior vice president now owns 72,100 shares of the company’s stock, valued at approximately $2,760,709. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Joseph G. Henry sold 16,032 shares of the company’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 transaction, the insider now directly owns 36,425 shares of the company’s stock, valued at approximately $1,430,774. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.
About BWX Technologies
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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