Federated Investors Inc. PA Invests $151,000 in BWX Technologies, Inc. (BWXT) Stock
Federated Investors Inc. PA acquired a new stake in BWX Technologies, Inc. (NYSE:BWXT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,099 shares of the technology company’s stock, valued at approximately $151,000.
A number of other large investors have also recently modified their holdings of BWXT. Spot Trading L.L.C. grew its position in BWX Technologies by 60.3% in the first quarter. Spot Trading L.L.C. now owns 18,617 shares of the technology company’s stock valued at $886,000 after acquiring an additional 7,004 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in BWX Technologies by 70.5% in the first quarter. BNP Paribas Arbitrage SA now owns 8,972 shares of the technology company’s stock valued at $427,000 after acquiring an additional 3,711 shares in the last quarter. World Asset Management Inc acquired a new stake in BWX Technologies in the first quarter valued at approximately $206,000. UBS Asset Management Americas Inc. grew its position in BWX Technologies by 19.5% in the first quarter. UBS Asset Management Americas Inc. now owns 60,090 shares of the technology company’s stock valued at $2,860,000 after acquiring an additional 9,811 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new stake in BWX Technologies in the first quarter valued at approximately $908,000. 96.95% of the stock is owned by institutional investors.
Several brokerages have issued reports on BWXT. BidaskClub downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Bank of America Corporation reiterated a “buy” rating and set a $55.00 target price on shares of BWX Technologies in a research note on Thursday, August 10th. Sidoti reiterated a “buy” rating and set a $62.00 target price on shares of BWX Technologies in a research note on Wednesday, May 31st. ValuEngine upgraded BWX Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Finally, Zacks Investment Research cut BWX Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $52.83.
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BWX Technologies, Inc. (NYSE:BWXT) opened at 56.24 on Monday. The stock’s 50 day moving average price is $53.74 and its 200 day moving average price is $49.94. BWX Technologies, Inc. has a 1-year low of $36.16 and a 1-year high of $56.37. The stock has a market capitalization of $5.59 billion, a PE ratio of 29.73 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 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.09. The company had revenue of $410.01 million for the quarter, compared to the consensus estimate of $429.38 million. BWX Technologies had a return on equity of 107.13% and a net margin of 11.81%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.44 EPS. Equities research analysts forecast that BWX Technologies, Inc. will post $2.03 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Monday, August 21st were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.78%. The ex-dividend date was Thursday, August 17th. BWX Technologies’s dividend payout ratio is currently 23.28%.
In other news, VP Jason S. Kerr sold 1,365 shares of BWX Technologies 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 sale, the vice president now owns 4,312 shares of the company’s stock, valued at approximately $233,408.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Harbour Group L.P. Blue sold 1,992,829 shares of BWX Technologies stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $53.20, for a total value of $106,018,502.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,009,194 shares of company stock worth $106,899,540. Company 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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