Calamos Advisors LLC purchased a new position in BWX Technologies Inc. (NYSE:BWXT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,539 shares of the company’s stock, valued at approximately $270,000.
Several other institutional investors have also recently made changes to their positions in BWXT. Renaissance Technologies LLC boosted its position in shares of BWX Technologies by 390.5% in the first quarter. Renaissance Technologies LLC now owns 961,800 shares of the company’s stock worth $32,278,000 after buying an additional 765,700 shares in the last quarter. HBK Investments L P boosted its stake in BWX Technologies by 52.9% in the first quarter. HBK Investments L P now owns 194,841 shares of the company’s stock valued at $6,539,000 after buying an additional 67,385 shares in the last quarter. Geode Capital Management LLC boosted its stake in BWX Technologies by 2.6% in the first quarter. Geode Capital Management LLC now owns 654,093 shares of the company’s stock valued at $21,951,000 after buying an additional 16,493 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in BWX Technologies by 4.7% in the first quarter. Loomis Sayles & Co. L P now owns 1,562,480 shares of the company’s stock valued at $52,437,000 after buying an additional 69,917 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in BWX Technologies by 48.6% in the first quarter. Goldman Sachs Group Inc. now owns 335,207 shares of the company’s stock valued at $11,249,000 after buying an additional 109,668 shares in the last quarter. 94.36% of the stock is currently owned by institutional investors.
Shares of BWX Technologies Inc. (NYSE:BWXT) traded up 0.50% during midday trading on Thursday, reaching $38.38. 442,783 shares of the company’s stock traded hands. The stock has a market cap of $3.97 billion, a P/E ratio of 19.51 and a beta of 0.49. BWX Technologies Inc. has a 12 month low of $26.89 and a 12 month high of $39.70. The stock has a 50 day moving average of $38.85 and a 200-day moving average of $35.95.
BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.06. BWX Technologies had a net margin of 14.07% and a return on equity of 60.44%. The firm earned $402.38 million during the quarter, compared to analysts’ expectations of $367.04 million. During the same period in the prior year, the company posted $0.32 EPS. The company’s revenue was up 12.7% on a year-over-year basis. On average, equities research analysts forecast that BWX Technologies Inc. will post $1.66 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Monday, August 22nd were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.94%. The ex-dividend date was Thursday, August 18th. BWX Technologies’s dividend payout ratio (DPR) is currently 18.27%.
Separately, Zacks Investment Research cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Friday, September 16th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $38.39.
In other news, insider Joseph G. Henry sold 16,032 shares of the stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $39.28, for a total transaction of $629,736.96. Following the completion of the sale, the insider now directly owns 36,425 shares in the company, valued at $1,430,774. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP James D. Canafax sold 4,500 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $38.29, for a total transaction of $172,305.00. Following the sale, 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 currently owned by company 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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