First Trust Advisors LP lowered its position in BWX Technologies Inc (NYSE:BWXT) by 10.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 68,849 shares of the technology company’s stock after selling 7,753 shares during the period. First Trust Advisors LP owned about 0.07% of BWX Technologies worth $2,632,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Scout Investments Inc. raised its position in shares of BWX Technologies by 22.7% during the 4th quarter. Scout Investments Inc. now owns 613,385 shares of the technology company’s stock worth $23,450,000 after purchasing an additional 113,649 shares during the last quarter. Vident Investment Advisory LLC acquired a new position in shares of BWX Technologies during the 3rd quarter worth about $623,000. Ancora Advisors LLC raised its position in shares of BWX Technologies by 3.4% during the 3rd quarter. Ancora Advisors LLC now owns 242,199 shares of the technology company’s stock worth $15,147,000 after purchasing an additional 7,861 shares during the last quarter. M&T Bank Corp raised its position in shares of BWX Technologies by 190.2% during the 4th quarter. M&T Bank Corp now owns 32,718 shares of the technology company’s stock worth $1,251,000 after purchasing an additional 21,444 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its position in shares of BWX Technologies by 2.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 126,456 shares of the technology company’s stock worth $7,909,000 after purchasing an additional 3,460 shares during the last quarter. Institutional investors and hedge funds own 98.68% of the company’s stock.
In related news, VP Jason S. Kerr sold 6,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $48.96, for a total transaction of $293,760.00. Following the completion of the sale, the vice president now owns 8,213 shares of the company’s stock, valued at approximately $402,108.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by corporate insiders.
Shares of NYSE BWXT opened at $49.40 on Friday. BWX Technologies Inc has a 12-month low of $35.91 and a 12-month high of $72.18. The stock has a market cap of $4.69 billion, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 2.36 and a beta of 0.99. The company has a debt-to-equity ratio of 3.20, a current ratio of 1.44 and a quick ratio of 1.44.
BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, February 25th. The technology company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.15. BWX Technologies had a net margin of 12.61% and a return on equity of 76.32%. The company had revenue of $478.00 million during the quarter, compared to analysts’ expectations of $475.02 million. During the same quarter in the prior year, the company earned $0.47 EPS. BWX Technologies’s revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts forecast that BWX Technologies Inc will post 2.5 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Monday, March 11th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Friday, March 8th. This is a boost from BWX Technologies’s previous quarterly dividend of $0.16. BWX Technologies’s dividend payout ratio is currently 28.45%.
Several research analysts recently weighed in on the stock. Maxim Group upped their price target on shares of BWX Technologies to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Bank of America downgraded shares of BWX Technologies from a “neutral” rating to an “underperform” rating and set a $52.00 price target for the company. in a research report on Friday, March 1st. Zacks Investment Research downgraded shares of BWX Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. Finally, ValuEngine raised shares of BWX Technologies from a “sell” rating to a “hold” rating in a research note on Monday, November 19th. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. BWX Technologies currently has a consensus rating of “Hold” and an average target price of $58.25.
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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.
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