PEAK6 Investments L.P. trimmed its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 35.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,048 shares of the technology company’s stock after selling 14,221 shares during the quarter. PEAK6 Investments L.P.’s holdings in BWX Technologies were worth $1,459,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Janus Henderson Group PLC acquired a new stake in shares of BWX Technologies in the 2nd quarter worth about $145,836,000. Artisan Partners Limited Partnership increased its holdings in shares of BWX Technologies by 210.9% in the 2nd quarter. Artisan Partners Limited Partnership now owns 4,100,416 shares of the technology company’s stock worth $199,895,000 after acquiring an additional 2,781,599 shares during the period. Wells Fargo & Company MN increased its stake in BWX Technologies by 310.0% during the 2nd quarter. Wells Fargo & Company MN now owns 3,071,474 shares of the technology company’s stock valued at $149,735,000 after buying an additional 2,322,309 shares during the period. Brown Advisory Inc. increased its stake in BWX Technologies by 4,067.9% during the 3rd quarter. Brown Advisory Inc. now owns 2,162,739 shares of the technology company’s stock valued at $121,157,000 after buying an additional 2,110,849 shares during the period. Finally, Franklin Resources Inc. increased its stake in BWX Technologies by 659.9% during the 2nd quarter. Franklin Resources Inc. now owns 1,047,954 shares of the technology company’s stock valued at $51,088,000 after buying an additional 910,054 shares during the period. Hedge funds and other institutional investors own 95.49% of the company’s stock.
Several equities analysts have commented on BWXT shares. BidaskClub raised shares of BWX Technologies from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 26th. Bank of America raised their price objective on shares of BWX Technologies from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, October 5th. ValuEngine lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Wells Fargo & Co initiated coverage on shares of BWX Technologies in a research report on Monday, December 11th. They set a “market perform” rating and a $65.00 price objective for the company. Finally, Zacks Investment Research lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $62.14.
BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, November 6th. The technology company reported $0.46 earnings per share for the quarter, meeting the consensus estimate of $0.46. The firm had revenue of $419.36 million for the quarter, compared to analyst estimates of $420.39 million. BWX Technologies had a net margin of 11.89% and a return on equity of 88.05%. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 earnings per share. equities research analysts predict that BWX Technologies, Inc. will post 2.07 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Monday, November 20th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Friday, November 17th. BWX Technologies’s payout ratio is presently 22.45%.
In other news, Chairman John A. Fees sold 21,453 shares of BWX Technologies 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 transaction, the chairman now owns 87,919 shares of the company’s stock, valued at $5,293,602.99. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $59.93, for a total transaction of $59,930.00. Following the completion of the sale, the chief financial officer now owns 63,979 shares in the company, valued at approximately $3,834,261.47. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,453 shares of company stock worth $1,472,495. Insiders own 0.76% of the company’s stock.
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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.
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