Envestnet Asset Management Inc. lessened its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 3.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,316 shares of the technology company’s stock after selling 1,342 shares during the period. Envestnet Asset Management Inc.’s holdings in BWX Technologies were worth $2,370,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BWXT. Quantbot Technologies LP lifted its stake in shares of BWX Technologies by 11.2% during the second quarter. Quantbot Technologies LP now owns 2,453 shares of the technology company’s stock valued at $119,000 after buying an additional 248 shares during the period. Federated Investors Inc. PA acquired a new position in BWX Technologies in the 2nd quarter worth about $151,000. Crossmark Global Holdings Inc. acquired a new position in BWX Technologies in the 3rd quarter worth about $208,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in BWX Technologies by 23.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,784 shares of the technology company’s stock worth $184,000 after purchasing an additional 721 shares during the period. Finally, Globeflex Capital L P acquired a new position in BWX Technologies in the 2nd quarter worth about $193,000. 95.50% of the stock is currently owned by institutional investors.

In other news, CFO David S. Black sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $59.93, for a total value of $59,930.00. Following the completion of the sale, the chief financial officer now directly owns 63,979 shares in the company, valued at $3,834,261.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman John A. Fees sold 21,453 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $60.21, for a total value of $1,291,685.13. Following the completion of the sale, the chairman now owns 87,919 shares of the company’s stock, valued at $5,293,602.99. The disclosure for this sale can be found here. Insiders sold 24,453 shares of company stock valued at $1,472,495 over the last 90 days. Company insiders own 0.76% of the company’s stock.

Several equities research analysts have commented on BWXT shares. BidaskClub lowered BWX Technologies from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. ValuEngine upgraded BWX Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Robert W. Baird started coverage on BWX Technologies in a research note on Tuesday, October 24th. They set an “outperform” rating and a $70.00 price objective for the company. SunTrust Banks reiterated a “buy” rating and set a $62.00 price objective on shares of BWX Technologies in a research note on Monday, October 2nd. Finally, Wells Fargo & Company started coverage on BWX Technologies in a research note on Monday. They set a “market perform” rating and a $65.00 price objective for the company. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $62.14.

BWX Technologies, Inc. (NYSE BWXT) traded down $0.62 during mid-day trading on Friday, hitting $59.95. The stock had a trading volume of 1,009,700 shares, compared to its average volume of 699,614. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $6,020.88, a price-to-earnings ratio of 29.84, a PEG ratio of 2.37 and a beta of 0.47. BWX Technologies, Inc. has a 1-year low of $37.63 and a 1-year high of $62.85.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, November 6th. The technology company reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46. The business had revenue of $419.36 million during the quarter, compared to analyst estimates of $420.39 million. BWX Technologies had a return on equity of 88.05% and a net margin of 11.89%. The business’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 earnings per share. equities research analysts forecast that BWX Technologies, Inc. will post 2.07 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 13th. Stockholders of record on Monday, November 20th were given a $0.11 dividend. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.73%. BWX Technologies’s dividend payout ratio (DPR) is presently 22.45%.

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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.

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

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