First Trust Advisors LP cut its position in BWX Technologies Inc (NYSE:BWXT) by 78.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,602 shares of the technology company’s stock after selling 278,635 shares during the quarter. First Trust Advisors LP’s holdings in BWX Technologies were worth $4,791,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of BWX Technologies by 2.8% in the 2nd quarter. BlackRock Inc. now owns 5,959,698 shares of the technology company’s stock valued at $371,407,000 after purchasing an additional 162,958 shares during the period. Wells Fargo & Company MN boosted its position in shares of BWX Technologies by 2.5% in the 2nd quarter. Wells Fargo & Company MN now owns 2,899,523 shares of the technology company’s stock valued at $180,698,000 after purchasing an additional 69,903 shares during the period. Janus Henderson Group PLC boosted its position in shares of BWX Technologies by 1.1% in the 2nd quarter. Janus Henderson Group PLC now owns 1,817,652 shares of the technology company’s stock valued at $113,276,000 after purchasing an additional 20,300 shares during the period. OppenheimerFunds Inc. boosted its position in shares of BWX Technologies by 16.9% in the 2nd quarter. OppenheimerFunds Inc. now owns 1,077,946 shares of the technology company’s stock valued at $67,179,000 after purchasing an additional 155,995 shares during the period. Finally, Frontier Capital Management Co. LLC acquired a new stake in shares of BWX Technologies in the 2nd quarter valued at about $56,761,000. 96.01% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE BWXT opened at $41.78 on Wednesday. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.90 and a quick ratio of 1.90. The company has a market cap of $4.43 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 1.77 and a beta of 0.58. BWX Technologies Inc has a 12-month low of $41.31 and a 12-month high of $72.18.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Tuesday, November 6th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.22). The business had revenue of $425.50 million for the quarter, compared to analyst estimates of $461.26 million. BWX Technologies had a return on equity of 66.38% and a net margin of 10.81%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.46 earnings per share. On average, analysts predict that BWX Technologies Inc will post 2.46 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Tuesday, November 20th will be given a dividend of $0.16 per share. The ex-dividend date is Monday, November 19th. This represents a $0.64 annualized dividend and a dividend yield of 1.53%. BWX Technologies’s dividend payout ratio is presently 31.22%.

A number of analysts recently issued reports on BWXT shares. SunTrust Banks cut BWX Technologies from a “buy” rating to a “hold” rating and decreased their target price for the company from $79.00 to $48.00 in a research report on Wednesday, November 7th. ValuEngine cut BWX Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, November 7th. Zacks Investment Research cut BWX Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. Credit Suisse Group decreased their price objective on BWX Technologies from $60.00 to $46.00 and set a “neutral” rating for the company in a research report on Thursday, November 8th. Finally, Bank of America decreased their price objective on BWX Technologies from $70.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, November 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $59.56.

In other BWX Technologies news, CEO Rex D. Geveden acquired 2,500 shares of BWX Technologies stock in a transaction dated Tuesday, November 20th. The stock was acquired at an average cost of $41.49 per share, for a total transaction of $103,725.00. Following the completion of the transaction, the chief executive officer now owns 28,595 shares in the company, valued at approximately $1,186,406.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO David S. Black sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, October 11th. The stock was sold at an average price of $57.65, for a total value of $57,650.00. Following the transaction, the chief financial officer now owns 68,570 shares of the company’s stock, valued at $3,953,060.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,000 shares of company stock valued at $165,510. Insiders own 0.52% of the company’s stock.

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About BWX Technologies

BWX Technologies, Inc manufactures and sells nuclear components to the United States government. The company operates in three segments: Nuclear Operations, Technical Services, and Nuclear Energy. The Nuclear Operations segment offers precision naval nuclear components and reactors; close-tolerance and equipment for nuclear applications; and components for defense applications, as well as critical nuclear components, fuels, and assemblies for government and other uses.

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

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