OLD National Bancorp IN lifted its stake in BWX Technologies Inc (NYSE:BWXT) by 6.2% during the 3rd quarter, Holdings Channel reports. The firm owned 16,950 shares of the technology company’s stock after acquiring an additional 994 shares during the period. OLD National Bancorp IN’s holdings in BWX Technologies were worth $1,060,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of BWXT. CENTRAL TRUST Co acquired a new stake in BWX Technologies during the 3rd quarter worth $100,000. Destination Wealth Management raised its stake in BWX Technologies by 2,867.8% during the 2nd quarter. Destination Wealth Management now owns 1,751 shares of the technology company’s stock worth $109,000 after buying an additional 1,692 shares during the period. Fort L.P. acquired a new stake in BWX Technologies during the 2nd quarter worth $118,000. First Manhattan Co. acquired a new stake in BWX Technologies during the 3rd quarter worth $125,000. Finally, Point72 Hong Kong Ltd raised its stake in BWX Technologies by 2,445.8% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,113 shares of the technology company’s stock worth $132,000 after buying an additional 2,030 shares during the period. Institutional investors and hedge funds own 95.25% of the company’s stock.
Several analysts recently commented on the company. SunTrust Banks dropped their price objective on BWX Technologies from $83.00 to $79.00 and set a “buy” rating on the stock in a research note on Tuesday, August 21st. Zacks Investment Research raised BWX Technologies from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Monday, July 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $70.00.
BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, August 6th. The technology company reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.02). BWX Technologies had a net margin of 9.05% and a return on equity of 66.19%. The firm had revenue of $438.92 million during the quarter, compared to analyst estimates of $445.70 million. During the same period in the prior year, the business earned $0.56 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, analysts expect that BWX Technologies Inc will post 2.54 EPS for the current fiscal year.
In other BWX Technologies news, VP Jason S. Kerr sold 1,365 shares of BWX Technologies stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $64.06, for a total value of $87,441.90. Following the sale, the vice president now owns 9,132 shares of the company’s stock, valued at approximately $584,995.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $61.57, for a total value of $61,570.00. Following the completion of the sale, the chief financial officer now directly owns 69,570 shares in the company, valued at approximately $4,283,424.90. The disclosure for this sale can be found here. Insiders sold a total of 4,365 shares of company stock worth $269,062 in the last three months. Company insiders own 0.52% of the company’s stock.
BWX Technologies 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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