UBS Asset Management Americas Inc. increased its position in BWX Technologies Inc. (NYSE:BWXT) by 4.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,120 shares of the company’s stock after buying an additional 4,007 shares during the period. UBS Asset Management Americas Inc. owned 0.08% of BWX Technologies worth $3,151,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. Aperio Group LLC increased its stake in BWX Technologies by 6.9% in the first quarter. Aperio Group LLC now owns 25,147 shares of the company’s stock worth $844,000 after buying an additional 1,618 shares during the last quarter. Ngam Advisors L.P. increased its stake in BWX Technologies by 9.2% in the first quarter. Ngam Advisors L.P. now owns 213,288 shares of the company’s stock worth $7,158,000 after buying an additional 17,895 shares during the last quarter. Teachers Advisors Inc. increased its stake in BWX Technologies by 18.3% in the first quarter. Teachers Advisors Inc. now owns 380,837 shares of the company’s stock worth $12,781,000 after buying an additional 58,862 shares during the last quarter. Prudential Financial Inc. increased its stake in BWX Technologies by 23.6% in the first quarter. Prudential Financial Inc. now owns 558,709 shares of the company’s stock worth $18,751,000 after buying an additional 106,700 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in BWX Technologies by 223.7% in the first quarter. JPMorgan Chase & Co. now owns 1,444,795 shares of the company’s stock worth $48,488,000 after buying an additional 998,414 shares during the last quarter. 94.36% of the stock is owned by institutional investors and hedge funds.
BWX Technologies Inc. (NYSE:BWXT) traded down 0.05% during trading on Tuesday, reaching $38.25. 75,885 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $38.88 and its 200-day moving average price is $35.89. BWX Technologies Inc. has a 52-week low of $26.89 and a 52-week high of $39.70. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 19.45 and a beta of 0.49.
BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.06. The business earned $402.38 million during the quarter, compared to analysts’ expectations of $367.04 million. BWX Technologies had a return on equity of 60.44% and a net margin of 14.07%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 EPS. Equities analysts expect that BWX Technologies Inc. will post $1.66 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Monday, August 22nd were paid a $0.09 dividend. The ex-dividend date was Thursday, August 18th. This represents a $0.36 annualized dividend and a dividend yield of 0.94%. BWX Technologies’s payout ratio is 18.27%.
Separately, Zacks Investment Research downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 5th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $38.39.
In related news, insider Joseph G. Henry sold 16,032 shares of the company’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $39.28, for a total value of $629,736.96. Following the completion of the transaction, the insider now directly owns 36,425 shares in the company, valued at $1,430,774. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP James D. Canafax sold 4,500 shares of the company’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $38.29, for a total value of $172,305.00. Following the completion of the transaction, the senior vice president now owns 72,100 shares of the company’s stock, valued at $2,760,709. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.
BWX Technologies Company Profile
BWX Technologies, Inc, formerly The Babcock & Wilcox Company, 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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