TD Asset Management Inc. Purchases 64,300 Shares of BWX Technologies, Inc. (BWXT)

TD Asset Management Inc. raised its position in BWX Technologies, Inc. (NYSE:BWXT) by 170.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,127 shares of the technology company’s stock after acquiring an additional 64,300 shares during the quarter. TD Asset Management Inc. owned 0.10% of BWX Technologies worth $5,721,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio grew its position in shares of BWX Technologies by 12.4% during the second quarter. Public Employees Retirement System of Ohio now owns 139,138 shares of the technology company’s stock worth $6,783,000 after buying an additional 15,367 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of BWX Technologies by 310.0% during the second quarter. Wells Fargo & Company MN now owns 3,071,474 shares of the technology company’s stock worth $149,735,000 after buying an additional 2,322,309 shares in the last quarter. Burgundy Asset Management Ltd. grew its position in shares of BWX Technologies by 1.3% during the second quarter. Burgundy Asset Management Ltd. now owns 1,200,631 shares of the technology company’s stock worth $58,531,000 after buying an additional 15,430 shares in the last quarter. Royal Bank of Canada grew its position in shares of BWX Technologies by 3.4% during the second quarter. Royal Bank of Canada now owns 89,920 shares of the technology company’s stock worth $4,384,000 after buying an additional 2,986 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of BWX Technologies by 84.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 904,130 shares of the technology company’s stock worth $44,076,000 after buying an additional 414,994 shares in the last quarter. 95.50% of the stock is owned by institutional investors.

BWX Technologies, Inc. (NYSE:BWXT) opened at $61.51 on Wednesday. BWX Technologies, Inc. has a one year low of $37.63 and a one year high of $62.85. The stock has a market capitalization of $6,139.17, a price-to-earnings ratio of 30.42, a P/E/G ratio of 2.41 and a beta of 0.47. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.81 and a current ratio of 1.81.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, November 6th. The technology company reported $0.46 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. BWX Technologies had a return on equity of 88.05% and a net margin of 11.89%. The firm had revenue of $419.36 million for the quarter, compared to analysts’ expectations of $420.39 million. During the same period last year, the business posted $0.39 earnings per share. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. analysts predict that BWX Technologies, Inc. will post 2.08 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Monday, November 20th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Friday, November 17th. BWX Technologies’s dividend payout ratio (DPR) is presently 22.45%.

A number of research firms have recently weighed in on BWXT. BidaskClub downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. ValuEngine downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. SunTrust Banks reissued a “buy” rating and set a $62.00 price target on shares of BWX Technologies in a research report on Monday, October 2nd. Robert W. Baird began coverage on shares of BWX Technologies in a research report on Tuesday, October 24th. They set an “outperform” rating and a $70.00 price target for the company. Finally, Bank of America reissued a “buy” rating and set a $55.00 price target on shares of BWX Technologies in a research report on Thursday, August 10th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $61.67.

In other BWX Technologies news, insider Harbour Group L.P. Blue sold 1,992,829 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $53.20, for a total value of $106,018,502.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $59.00, for a total value of $59,000.00. The disclosure for this sale can be found here. Insiders have sold 2,016,282 shares of company stock worth $107,429,118 over the last 90 days. 0.76% of the stock is currently owned by company insiders.

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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.

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

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