Westpac Banking Corp Has $584,000 Position in BWX Technologies, Inc. (BWXT)
Westpac Banking Corp trimmed its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 78.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,979 shares of the technology company’s stock after selling 43,205 shares during the period. Westpac Banking Corp’s holdings in BWX Technologies were worth $584,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new stake in BWX Technologies during the first quarter worth about $4,455,000. Airain ltd grew its holdings in BWX Technologies by 81.3% during the first quarter. Airain ltd now owns 15,760 shares of the technology company’s stock worth $750,000 after acquiring an additional 7,065 shares during the period. Engineers Gate Manager LP acquired a new stake in BWX Technologies during the first quarter worth about $931,000. TD Asset Management Inc. grew its holdings in BWX Technologies by 42.9% during the first quarter. TD Asset Management Inc. now owns 25,000 shares of the technology company’s stock worth $1,190,000 after acquiring an additional 7,500 shares during the period. Finally, BlackRock Inc. grew its holdings in BWX Technologies by 2,963.1% during the first quarter. BlackRock Inc. now owns 5,038,471 shares of the technology company’s stock worth $239,832,000 after acquiring an additional 4,873,983 shares during the period. 97.03% of the stock is currently owned by hedge funds and other institutional investors.
In other BWX Technologies news, VP Jason S. Kerr sold 1,365 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $54.13, for a total transaction of $73,887.45. Following the transaction, the vice president now owns 4,312 shares in the company, valued at approximately $233,408.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph G. Henry sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $53.81, for a total value of $807,150.00. Following the transaction, the insider now owns 10,639 shares in the company, valued at approximately $572,484.59. The disclosure for this sale can be found here. Insiders sold a total of 2,009,194 shares of company stock worth $106,899,540 in the last 90 days. 0.76% of the stock is currently owned by insiders.
BWX Technologies, Inc. (BWXT) opened at 53.84 on Thursday. BWX Technologies, Inc. has a 12 month low of $36.16 and a 12 month high of $54.83. The firm’s 50-day moving average price is $53.59 and its 200-day moving average price is $49.67. The stock has a market cap of $5.35 billion, a P/E ratio of 28.46 and a beta of 0.46.
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, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.09. The firm had revenue of $410.01 million for the quarter, compared to analysts’ expectations of $429.38 million. BWX Technologies had a return on equity of 107.13% and a net margin of 11.81%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 EPS. On average, analysts predict that BWX Technologies, Inc. will post $2.03 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Monday, August 21st were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.82%. The ex-dividend date was Thursday, August 17th. BWX Technologies’s dividend payout ratio (DPR) is presently 23.28%.
Several research firms recently commented on BWXT. BidaskClub lowered BWX Technologies from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. ValuEngine raised BWX Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Sidoti reaffirmed a “buy” rating and set a $62.00 target price on shares of BWX Technologies in a report on Wednesday, May 31st. Bank of America Corporation reaffirmed a “buy” rating and set a $55.00 target price on shares of BWX Technologies in a report on Thursday, August 10th. Finally, Zacks Investment Research downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. BWX Technologies presently has an average rating of “Buy” and an average price target of $52.83.
BWX Technologies 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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