State Board of Administration of Florida Retirement System Sells 268 Shares of BWX Technologies Inc (NYSE:BWXT)

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State Board of Administration of Florida Retirement System lessened its position in shares of BWX Technologies Inc (NYSE:BWXT) by 0.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 151,333 shares of the technology company’s stock after selling 268 shares during the period. State Board of Administration of Florida Retirement System owned 0.16% of BWX Technologies worth $7,884,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its holdings in BWX Technologies by 26.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 156,014 shares of the technology company’s stock worth $8,128,000 after acquiring an additional 32,950 shares during the period. Stephens Inc. AR increased its holdings in shares of BWX Technologies by 1.4% in the 2nd quarter. Stephens Inc. AR now owns 15,757 shares of the technology company’s stock worth $821,000 after buying an additional 214 shares during the last quarter. Stanley Laman Group Ltd. increased its holdings in shares of BWX Technologies by 0.6% in the 2nd quarter. Stanley Laman Group Ltd. now owns 92,643 shares of the technology company’s stock worth $4,827,000 after buying an additional 563 shares during the last quarter. TD Asset Management Inc. increased its holdings in shares of BWX Technologies by 4.2% in the 2nd quarter. TD Asset Management Inc. now owns 209,762 shares of the technology company’s stock worth $10,929,000 after buying an additional 8,400 shares during the last quarter. Finally, Stevens Capital Management LP increased its holdings in shares of BWX Technologies by 137.6% in the 2nd quarter. Stevens Capital Management LP now owns 20,140 shares of the technology company’s stock worth $1,049,000 after buying an additional 11,665 shares during the last quarter.

A number of equities analysts have recently commented on the stock. Seaport Global Securities set a $62.00 price target on shares of BWX Technologies and gave the stock a “buy” rating in a report on Wednesday, August 7th. SunTrust Banks set a $55.00 price target on shares of BWX Technologies and gave the stock a “hold” rating in a report on Wednesday, August 7th. Maxim Group reissued a “buy” rating and issued a $71.00 price target on shares of BWX Technologies in a report on Wednesday, August 7th. Finally, Zacks Investment Research raised shares of BWX Technologies from a “sell” rating to a “hold” rating in a report on Monday, July 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $56.43.

Shares of BWX Technologies stock traded down $0.36 during trading on Wednesday, reaching $55.76. The company’s stock had a trading volume of 407 shares, compared to its average volume of 481,432. BWX Technologies Inc has a 52-week low of $35.91 and a 52-week high of $64.01. The company has a market cap of $5.35 billion, a price-to-earnings ratio of 23.43, a PEG ratio of 2.56 and a beta of 1.05. The firm’s 50-day moving average is $54.21 and its two-hundred day moving average is $51.14. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 2.91.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, August 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.10. BWX Technologies had a net margin of 11.60% and a return on equity of 83.20%. The company had revenue of $471.00 million during the quarter, compared to analysts’ expectations of $440.45 million. During the same quarter in the prior year, the company earned $0.58 EPS. The firm’s revenue was up 7.3% on a year-over-year basis. On average, equities research analysts anticipate that BWX Technologies Inc will post 2.49 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, August 15th. This represents a $0.68 annualized dividend and a yield of 1.22%. BWX Technologies’s payout ratio is currently 28.45%.

In other BWX Technologies news, CFO David S. Black sold 1,000 shares of the stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $52.34, for a total transaction of $52,340.00. Following the completion of the sale, the chief financial officer now owns 80,361 shares of the company’s stock, valued at approximately $4,206,094.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO David S. Black sold 2,000 shares of the stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $50.50, for a total transaction of $101,000.00. Following the sale, the chief financial officer now directly owns 81,361 shares of the company’s stock, valued at approximately $4,108,730.50. The disclosure for this sale can be found here. Insiders have sold a total of 64,000 shares of company stock valued at $3,639,010 in the last three months. 0.44% of the stock is currently owned by corporate insiders.

BWX Technologies Company Profile

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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