BWX Technologies, Inc. (NYSE:BWXT) Stake Decreased by American International Group Inc.
American International Group Inc. lowered its stake in BWX Technologies, Inc. (NYSE:BWXT) by 3.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,123 shares of the technology company’s stock after selling 80 shares during the period. American International Group Inc.’s holdings in BWX Technologies were worth $101,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in BWXT. William Blair Investment Management LLC increased its stake in shares of BWX Technologies by 83.4% in the first quarter. William Blair Investment Management LLC now owns 5,853,746 shares of the technology company’s stock valued at $278,638,000 after buying an additional 2,662,072 shares in the last quarter. Scout Investments Inc. increased its stake in shares of BWX Technologies by 84.6% in the first quarter. Scout Investments Inc. now owns 996,882 shares of the technology company’s stock valued at $33,455,000 after buying an additional 456,737 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of BWX Technologies by 14.5% in the first quarter. JPMorgan Chase & Co. now owns 596,331 shares of the technology company’s stock valued at $28,385,000 after buying an additional 75,327 shares in the last quarter. Blair William & Co. IL increased its stake in shares of BWX Technologies by 53.5% in the first quarter. Blair William & Co. IL now owns 396,665 shares of the technology company’s stock valued at $18,881,000 after buying an additional 138,286 shares in the last quarter. Finally, Teachers Advisors LLC increased its stake in shares of BWX Technologies by 17.9% in the fourth quarter. Teachers Advisors LLC now owns 217,933 shares of the technology company’s stock valued at $8,652,000 after buying an additional 33,124 shares in the last quarter. Institutional investors and hedge funds own 95.44% of the company’s stock.
Shares of BWX Technologies, Inc. (NYSE:BWXT) traded up 0.102% during trading on Friday, reaching $54.005. The company’s stock had a trading volume of 33,153 shares. The stock has a market cap of $5.36 billion, a P/E ratio of 28.544 and a beta of 0.45. The stock’s 50-day moving average is $50.64 and its 200-day moving average is $47.69. BWX Technologies, Inc. has a 12-month low of $36.16 and a 12-month high of $54.53.
BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, August 7th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.09. BWX Technologies had a return on equity of 107.13% and a net margin of 11.81%. The firm had revenue of $410.01 million during the quarter, compared to analyst estimates of $429.38 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue was up 1.9% compared to the same quarter last year. Equities research analysts anticipate that BWX Technologies, Inc. will post $2.02 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Monday, August 21st will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Thursday, August 17th. BWX Technologies’s dividend payout ratio (DPR) is currently 23.28%.
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Several analysts recently weighed in on BWXT shares. BidaskClub upgraded BWX Technologies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Credit Suisse Group started coverage on BWX Technologies in a research report on Friday, June 9th. They set a “neutral” rating and a $51.00 price objective for the company. Bank of America Corporation restated a “buy” rating and set a $55.00 price objective on shares of BWX Technologies in a research report on Thursday. Finally, Sidoti restated a “buy” rating and set a $62.00 price objective on shares of BWX Technologies in a research report on Wednesday, May 31st. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. BWX Technologies has an average rating of “Buy” and a consensus price target of $52.83.
In other BWX Technologies news, insider Harbour Group L.P. Blue sold 3,295,098 shares of BWX Technologies stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $47.43, for a total transaction of $156,286,498.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.76% of the company’s stock.
BWX Technologies Company Profile
BWX Technologies, Inc 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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