Daiwa Securities Group Inc. Purchases New Holdings in BWX Technologies Inc (BWXT)

Daiwa Securities Group Inc. purchased a new stake in shares of BWX Technologies Inc (NYSE:BWXT) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 34,405 shares of the technology company’s stock, valued at approximately $2,152,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CENTRAL TRUST Co bought a new stake in shares of BWX Technologies in the 3rd quarter valued at approximately $100,000. Destination Wealth Management lifted its stake in shares of BWX Technologies by 2,867.8% in the 2nd quarter. Destination Wealth Management now owns 1,751 shares of the technology company’s stock valued at $109,000 after purchasing an additional 1,692 shares during the last quarter. Fort L.P. bought a new stake in shares of BWX Technologies in the 2nd quarter valued at approximately $118,000. First Manhattan Co. bought a new stake in shares of BWX Technologies in the 3rd quarter valued at approximately $125,000. Finally, Point72 Hong Kong Ltd lifted its stake in shares of BWX Technologies by 2,445.8% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,113 shares of the technology company’s stock valued at $132,000 after purchasing an additional 2,030 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

In related news, CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $62.40, for a total transaction of $62,400.00. Following the completion of the sale, the chief financial officer now directly owns 70,570 shares of the company’s stock, valued at approximately $4,403,568. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jason S. Kerr sold 1,365 shares of the firm’s stock in a transaction that occurred on 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 directly owns 9,132 shares of the company’s stock, valued at $584,995.92. The disclosure for this sale can be found here. Insiders have sold a total of 4,365 shares of company stock valued at $269,062 over the last three months. 0.76% of the stock is owned by corporate insiders.

Shares of BWXT stock opened at $47.29 on Friday. BWX Technologies Inc has a 52-week low of $44.50 and a 52-week high of $72.18. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.90 and a quick ratio of 2.88. The company has a market cap of $4.57 billion, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 1.84 and a beta of 0.58.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.22). BWX Technologies had a return on equity of 66.38% and a net margin of 10.81%. The business had revenue of $425.50 million for the quarter, compared to the consensus estimate of $461.26 million. During the same period in the prior year, the business posted $0.46 earnings per share. BWX Technologies’s revenue was up 1.5% on a year-over-year basis. Research analysts expect that BWX Technologies Inc will post 2.23 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Tuesday, November 20th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Monday, November 19th. BWX Technologies’s dividend payout ratio is currently 31.22%.

Several equities research analysts have recently issued reports on BWXT shares. SunTrust Banks lowered BWX Technologies from a “buy” rating to a “hold” rating and lowered their price objective for the company from $79.00 to $48.00 in a research note on Wednesday. Zacks Investment Research raised BWX Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Credit Suisse Group lowered their price objective on BWX Technologies from $60.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday. Bank of America lowered their price objective on BWX Technologies from $70.00 to $58.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, ValuEngine lowered BWX Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $62.38.

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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.

Further Reading: Calculate Your Return on Investment (ROI)

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

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