Schwab Charles Investment Management Inc. Has $26.77 Million Holdings in BWX Technologies, Inc. (BWXT)
Schwab Charles Investment Management Inc. reduced its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 2.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 549,182 shares of the technology company’s stock after selling 16,642 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.55% of BWX Technologies worth $26,773,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Asset Management L.P. acquired a new stake in BWX Technologies during the 1st quarter worth about $4,455,000. Airain ltd grew its position in BWX Technologies by 81.3% during the 1st quarter. Airain ltd now owns 15,760 shares of the technology company’s stock worth $750,000 after purchasing an additional 7,065 shares during the period. TD Asset Management Inc. grew its position in BWX Technologies by 42.9% during the 1st quarter. TD Asset Management Inc. now owns 25,000 shares of the technology company’s stock worth $1,190,000 after purchasing an additional 7,500 shares during the period. BlackRock Inc. grew its position in BWX Technologies by 2,963.1% during the 1st quarter. BlackRock Inc. now owns 5,038,471 shares of the technology company’s stock worth $239,832,000 after purchasing an additional 4,873,983 shares during the period. Finally, Pacer Advisors Inc. grew its position in BWX Technologies by 15.8% during the 1st quarter. Pacer Advisors Inc. now owns 12,401 shares of the technology company’s stock worth $590,000 after purchasing an additional 1,690 shares during the period. 97.03% of the stock is currently owned by institutional investors.
Several brokerages have weighed in on BWXT. BidaskClub downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research report on Friday. ValuEngine raised BWX Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Bank of America Corporation reaffirmed a “buy” rating and set a $55.00 price target on shares of BWX Technologies in a research report on Thursday, August 10th. Sidoti reaffirmed a “buy” rating and set a $62.00 price target on shares of BWX Technologies in a research report on Wednesday, May 31st. Finally, Zacks Investment Research downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $52.83.
In other news, insider Joseph G. Henry sold 15,000 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $53.81, for a total transaction of $807,150.00. Following the transaction, the insider now directly owns 10,639 shares in the company, valued at $572,484.59. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Jason S. Kerr sold 1,365 shares of the business’s stock in a transaction dated 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 $233,408.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,009,194 shares of company stock worth $106,899,540. Company insiders own 0.76% of the company’s stock.
Shares of BWX Technologies, Inc. (NYSE:BWXT) opened at 53.44 on Friday. The stock’s 50 day moving average price is $53.65 and its 200-day moving average price is $49.80. The firm has a market capitalization of $5.31 billion, a PE ratio of 28.25 and a beta of 0.46. BWX Technologies, Inc. has a 52-week low of $36.16 and a 52-week high of $54.83.
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 analysts’ consensus estimates of $0.47 by $0.09. BWX Technologies had a net margin of 11.81% and a return on equity of 107.13%. The business had revenue of $410.01 million for the quarter, compared to analyst estimates of $429.38 million. During the same period in the previous year, the business posted $0.44 earnings per share. The business’s revenue was up 1.9% compared to the same quarter last year. Equities research analysts anticipate that BWX Technologies, Inc. will post $2.03 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Monday, August 21st were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.82%. BWX Technologies’s dividend payout ratio (DPR) is 23.28%.
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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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