Clinton Group Inc. purchased a new stake in BWX Technologies Inc (NYSE:BWXT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,650 shares of the technology company’s stock, valued at approximately $291,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. CENTRAL TRUST Co purchased a new position in shares of BWX Technologies during the third quarter valued at approximately $100,000. Ostrum Asset Management purchased a new position in shares of BWX Technologies during the first quarter valued at approximately $108,000. Destination Wealth Management lifted its stake in shares of BWX Technologies by 2,867.8% during the second quarter. Destination Wealth Management now owns 1,751 shares of the technology company’s stock valued at $109,000 after buying an additional 1,692 shares during the period. Fort L.P. purchased a new position in shares of BWX Technologies during the second quarter valued at approximately $118,000. Finally, Point72 Hong Kong Ltd lifted its stake in shares of BWX Technologies by 2,445.8% during the second quarter. Point72 Hong Kong Ltd now owns 2,113 shares of the technology company’s stock valued at $132,000 after buying an additional 2,030 shares during the period. 95.28% of the stock is currently owned by institutional investors.
In other news, VP Jason S. Kerr sold 1,365 shares of the stock in a transaction on Monday, August 20th. The shares were sold at an average price of $64.06, for a total value of $87,441.90. Following the completion of the sale, the vice president now owns 9,132 shares of the company’s stock, valued at $584,995.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David S. Black sold 1,000 shares of the stock in a transaction on Thursday, October 11th. The stock was sold at an average price of $57.65, for a total transaction of $57,650.00. Following the completion of the sale, the chief financial officer now directly owns 68,570 shares of the company’s stock, valued at approximately $3,953,060.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,365 shares of company stock worth $269,062. 0.52% of the stock is currently owned by insiders.
NYSE:BWXT opened at $57.51 on Friday. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 1.72. The company has a market cap of $6.24 billion, a price-to-earnings ratio of 28.05, a P/E/G ratio of 2.20 and a beta of 0.45. BWX Technologies Inc has a fifty-two week low of $56.80 and a fifty-two week high of $72.18.
BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, August 6th. The technology company reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.02). The company had revenue of $438.92 million for the quarter, compared to analysts’ expectations of $445.70 million. BWX Technologies had a return on equity of 66.19% and a net margin of 9.05%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.56 EPS. On average, equities analysts predict that BWX Technologies Inc will post 2.54 earnings per share for the current fiscal year.
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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