Utah Retirement Systems raised its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 1.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,139 shares of the technology company’s stock after purchasing an additional 200 shares during the quarter. Utah Retirement Systems’ holdings in BWX Technologies were worth $835,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of BWXT. Spot Trading L.L.C. raised its position in shares of BWX Technologies by 60.3% in the first quarter. Spot Trading L.L.C. now owns 18,617 shares of the technology company’s stock worth $886,000 after acquiring an additional 7,004 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of BWX Technologies by 70.5% in the first quarter. BNP Paribas Arbitrage SA now owns 8,972 shares of the technology company’s stock worth $427,000 after acquiring an additional 3,711 shares during the period. World Asset Management Inc acquired a new position in shares of BWX Technologies in the first quarter worth about $206,000. UBS Asset Management Americas Inc. raised its position in shares of BWX Technologies by 19.5% in the first quarter. UBS Asset Management Americas Inc. now owns 60,090 shares of the technology company’s stock worth $2,860,000 after acquiring an additional 9,811 shares during the period. Finally, Karp Capital Management Corp acquired a new position in shares of BWX Technologies in the first quarter worth about $908,000. 97.03% of the stock is currently owned by institutional investors.
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A number of brokerages have weighed in on BWXT. Bank of America Corporation reiterated a “buy” rating and issued a $55.00 price objective on shares of BWX Technologies in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Thursday, August 10th. ValuEngine upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. BidaskClub downgraded shares of BWX Technologies from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 23rd. Finally, Sidoti reiterated a “buy” rating and issued a $62.00 price objective on shares of BWX Technologies in a research report on Wednesday, May 31st. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. BWX Technologies presently has a consensus rating of “Buy” and an average target price of $52.83.
BWX Technologies, Inc. (BWXT) opened at 53.80 on Monday. The firm has a market cap of $5.34 billion, a P/E ratio of 28.44 and a beta of 0.46. The company’s 50 day moving average is $53.43 and its 200 day moving average is $49.39. BWX Technologies, Inc. has a 52-week low of $36.16 and a 52-week high of $54.80.
BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, August 7th. The technology company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.09. The business had revenue of $410.01 million for the quarter, compared to the consensus estimate of $429.38 million. BWX Technologies had a net margin of 11.81% and a return on equity of 107.13%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 earnings per share. Equities research analysts forecast that BWX Technologies, Inc. will post $2.03 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Monday, August 21st were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Thursday, August 17th. BWX Technologies’s dividend payout ratio is currently 23.28%.
In related news, VP Jason S. Kerr sold 1,365 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $54.13, for a total transaction of $73,887.45. Following the sale, the vice president now owns 4,312 shares of the company’s stock, valued at $233,408.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joseph G. Henry sold 15,000 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $53.81, for a total transaction of $807,150.00. Following the sale, the insider now directly owns 10,639 shares in the company, valued at approximately $572,484.59. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by insiders.
BWX Technologies Company 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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