QS Investors LLC continued to hold its stake in BWX Technologies, Inc. (NYSE:BWXT) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,557 shares of the technology company’s stock at the close of the 2nd quarter. QS Investors LLC’s holdings in BWX Technologies were worth $515,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of 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 in the last quarter. Artisan Partners Limited Partnership boosted its position in shares of BWX Technologies by 210.9% during the 2nd quarter. Artisan Partners Limited Partnership now owns 4,100,416 shares of the technology company’s stock worth $199,895,000 after purchasing an additional 2,781,599 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of BWX Technologies by 310.0% during the 2nd quarter. Wells Fargo & Company MN now owns 3,071,474 shares of the technology company’s stock worth $149,735,000 after purchasing an additional 2,322,309 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of BWX Technologies by 659.9% during the 2nd quarter. Franklin Resources Inc. now owns 1,047,954 shares of the technology company’s stock worth $51,088,000 after purchasing an additional 910,054 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its position in shares of BWX Technologies by 11.8% during the 2nd quarter. William Blair Investment Management LLC now owns 6,544,781 shares of the technology company’s stock worth $319,058,000 after purchasing an additional 691,035 shares in the last quarter. 96.96% of the stock is currently owned by institutional investors and hedge funds.

Shares of BWX Technologies, Inc. (NYSE:BWXT) opened at 59.55 on Tuesday. The company has a 50 day moving average of $55.78 and a 200-day moving average of $51.28. BWX Technologies, Inc. has a 12-month low of $36.16 and a 12-month high of $59.80. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 31.47 and a beta of 0.46.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, August 7th. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm posted $0.44 earnings per share. BWX Technologies’s quarterly revenue was up 1.9% on a year-over-year basis. Analysts predict that BWX Technologies, Inc. will post $2.03 EPS for the current year.

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A number of equities analysts have recently issued reports on the stock. ValuEngine cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. SunTrust Banks, Inc. reissued a “buy” rating and set a $62.00 price objective on shares of BWX Technologies in a research report on Monday, October 2nd. Bank of America Corporation reissued a “buy” rating and set a $55.00 price objective on shares of BWX Technologies in a research report on Thursday, August 10th. Finally, Zacks Investment Research cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $57.17.

In other news, insider Joseph G. Henry sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were 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 $572,484.59. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Harbour Group L.P. Blue sold 1,992,829 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $53.20, for a total transaction of $106,018,502.80. The disclosure for this sale can be found here. Insiders have sold 2,010,194 shares of company stock worth $106,958,540 in the last three months. 0.76% of the stock is currently owned by insiders.

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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Institutional Ownership by Quarter for BWX Technologies (NYSE:BWXT)

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