Driehaus Capital Management LLC lessened its holdings in shares of BWX Technologies Inc (NYSE:BWXT) by 18.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,380 shares of the technology company’s stock after selling 4,940 shares during the quarter. Driehaus Capital Management LLC’s holdings in BWX Technologies were worth $1,293,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of BWXT. Brown Advisory Inc. raised its position in shares of BWX Technologies by 4,067.9% in the third quarter. Brown Advisory Inc. now owns 2,162,739 shares of the technology company’s stock valued at $121,157,000 after purchasing an additional 2,110,849 shares during the period. Artisan Partners Limited Partnership grew its stake in shares of BWX Technologies by 12.4% in the third quarter. Artisan Partners Limited Partnership now owns 4,609,767 shares of the technology company’s stock worth $258,239,000 after acquiring an additional 509,351 shares during the last quarter. Jennison Associates LLC acquired a new stake in shares of BWX Technologies in the fourth quarter worth $29,508,000. BlackRock Inc. grew its stake in shares of BWX Technologies by 2.1% in the fourth quarter. BlackRock Inc. now owns 5,685,315 shares of the technology company’s stock worth $343,905,000 after acquiring an additional 119,240 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of BWX Technologies by 31.9% in the fourth quarter. First Trust Advisors LP now owns 477,755 shares of the technology company’s stock worth $28,899,000 after acquiring an additional 115,628 shares during the last quarter. 94.57% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BWX Technologies Inc (NYSE:BWXT) opened at $64.35 on Wednesday. BWX Technologies Inc has a 52 week low of $45.79 and a 52 week high of $65.82. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.68. The company has a market cap of $6,427.89, a price-to-earnings ratio of 31.67, a PEG ratio of 2.29 and a beta of 0.51.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Monday, March 12th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Friday, March 9th. This is an increase from BWX Technologies’s previous quarterly dividend of $0.11. BWX Technologies’s payout ratio is currently 43.84%.
In other news, CFO David S. Black sold 1,000 shares of the business’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $61.55, for a total value of $61,550.00. Following the sale, the chief financial officer now owns 61,979 shares in the company, valued at approximately $3,814,807.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 3,000 shares of company stock worth $186,350 in the last 90 days. 0.76% of the stock is owned by corporate insiders.
BWXT has been the topic of a number of recent research reports. Seaport Global Securities initiated coverage on shares of BWX Technologies in a research note on Wednesday, January 10th. They set a “buy” rating and a $72.00 price target on the stock. Zacks Investment Research upgraded shares of BWX Technologies from a “sell” rating to a “hold” rating and set a $69.00 price target on the stock in a research note on Tuesday, January 9th. SunTrust Banks reiterated a “buy” rating and set a $70.00 price target on shares of BWX Technologies in a research note on Friday, January 19th. Alembic Global Advisors reiterated a “buy” rating on shares of BWX Technologies in a research note on Tuesday, March 6th. Finally, Wells Fargo & Co initiated coverage on shares of BWX Technologies in a research note on Monday, December 11th. They set a “market perform” rating and a $65.00 price target on the stock. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $65.88.
ILLEGAL ACTIVITY WARNING: This news story was first reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2018/03/14/driehaus-capital-management-llc-sells-4940-shares-of-bwx-technologies-inc-bwxt.html.
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.
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.