BWX Technologies Inc. (BWXT) Stake Increased by Teacher Retirement System of Texas
Teacher Retirement System of Texas raised its position in BWX Technologies Inc. (NYSE:BWXT) by 6.6% during the second quarter, Holdings Channel reports. The firm owned 13,227 shares of the company’s stock after buying an additional 824 shares during the period. Teacher Retirement System of Texas’ holdings in BWX Technologies were worth $473,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of BWXT. Emerald Acquisition Ltd. acquired a new stake in BWX Technologies during the second quarter valued at approximately $48,405,000. JPMorgan Chase & Co. increased its position in shares of BWX Technologies by 223.7% in the first quarter. JPMorgan Chase & Co. now owns 1,444,795 shares of the company’s stock worth $48,488,000 after buying an additional 998,414 shares during the period. Renaissance Technologies LLC increased its position in shares of BWX Technologies by 390.5% in the first quarter. Renaissance Technologies LLC now owns 961,800 shares of the company’s stock worth $32,278,000 after buying an additional 765,700 shares during the period. Smith Asset Management Group LP increased its position in shares of 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 worth $38,476,000 after buying an additional 698,920 shares during the period. Finally, RS Investment Management Co. LLC bought a new position in shares of BWX Technologies during the second quarter worth about $24,074,000. 94.36% of the stock is owned by institutional investors and hedge funds.
BWX Technologies Inc. (NYSE:BWXT) traded up 0.16% on Thursday, reaching $38.25. The company’s stock had a trading volume of 89,173 shares. The firm has a 50-day moving average of $38.87 and a 200 day moving average of $35.93. BWX Technologies Inc. has a 12-month low of $26.89 and a 12-month high of $39.70. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 19.45 and a beta of 0.49.
BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.06. The business earned $402.38 million during the quarter, compared to the consensus estimate of $367.04 million. BWX Technologies had a return on equity of 60.44% and a net margin of 14.07%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the company earned $0.32 earnings per share. On average, equities research analysts anticipate that BWX Technologies Inc. will post $1.66 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Monday, August 22nd were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Thursday, August 18th. BWX Technologies’s payout ratio is 18.27%.
Separately, Zacks Investment Research downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $38.39.
In other news, SVP James D. Canafax sold 4,500 shares of the firm’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $37.74, for a total value of $169,830.00. Following the completion of the transaction, the senior vice president now directly owns 67,600 shares in the company, valued at $2,551,224. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joseph G. Henry sold 16,032 shares of the firm’s stock in a transaction dated Tuesday, August 23rd. The stock was 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 owns 36,425 shares of the company’s stock, valued at $1,430,774. The disclosure for this sale can be found here. 0.86% of the stock is 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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