Signaturefd LLC Decreases Position in BWX Technologies Inc (NYSE:BWXT)

Signaturefd LLC lessened its holdings in BWX Technologies Inc (NYSE:BWXT) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,153 shares of the technology company’s stock after selling 364 shares during the period. Signaturefd LLC owned approximately 0.05% of BWX Technologies worth $2,812,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BWXT. Stephens Inc. AR lifted its position in shares of BWX Technologies by 1.4% during the 2nd quarter. Stephens Inc. AR now owns 15,757 shares of the technology company’s stock worth $821,000 after purchasing an additional 214 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of BWX Technologies by 9.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,147 shares of the technology company’s stock worth $164,000 after purchasing an additional 259 shares during the last quarter. Vestmark Advisory Solutions Inc. lifted its position in shares of BWX Technologies by 4.6% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 7,756 shares of the technology company’s stock worth $404,000 after purchasing an additional 344 shares during the last quarter. Huntington National Bank lifted its position in shares of BWX Technologies by 50.3% during the 2nd quarter. Huntington National Bank now owns 1,127 shares of the technology company’s stock worth $59,000 after purchasing an additional 377 shares during the last quarter. Finally, BB&T Securities LLC lifted its position in shares of BWX Technologies by 3.1% during the 2nd quarter. BB&T Securities LLC now owns 15,107 shares of the technology company’s stock worth $787,000 after purchasing an additional 450 shares during the last quarter.

NYSE:BWXT traded down $0.31 during midday trading on Wednesday, hitting $56.17. 410,313 shares of the company were exchanged, compared to its average volume of 461,442. The company has a fifty day simple moving average of $57.95 and a 200 day simple moving average of $53.02. BWX Technologies Inc has a fifty-two week low of $35.91 and a fifty-two week high of $61.14. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 2.91. The company has a market capitalization of $5.31 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 2.54 and a beta of 1.04.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, August 5th. The technology company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $471.00 million for the quarter, compared to analyst estimates of $440.45 million. During the same period last year, the business earned $0.58 EPS. BWX Technologies’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities research analysts expect that BWX Technologies Inc will post 2.49 EPS for the current year.

Several equities research analysts have recently issued reports on the stock. Maxim Group reaffirmed a “buy” rating and set a $71.00 price objective on shares of BWX Technologies in a research report on Wednesday, August 7th. Seaport Global Securities set a $62.00 price target on shares of BWX Technologies and gave the stock a “buy” rating in a research note on Wednesday, August 7th. ValuEngine lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. Zacks Investment Research upgraded shares of BWX Technologies from a “sell” rating to a “hold” rating in a research note on Monday, July 1st. Finally, Barclays set a $55.00 price target on shares of BWX Technologies and gave the stock a “sell” rating in a research note on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. BWX Technologies presently has an average rating of “Hold” and a consensus target price of $56.25.

In other BWX Technologies news, CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $59.11, for a total value of $59,110.00. Following the transaction, the chief financial officer now directly owns 76,161 shares in the company, valued at $4,501,876.71. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John A. Fees sold 60,000 shares of BWX Technologies stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $57.15, for a total transaction of $3,429,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,000 shares of company stock worth $3,599,510. 0.44% of the stock is currently owned by company insiders.

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.

See Also: Index Funds

Institutional Ownership by Quarter for BWX Technologies (NYSE:BWXT)

Receive News & Ratings for BWX Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BWX Technologies and related companies with MarketBeat.com's FREE daily email newsletter.