Falcon Point Capital LLC reduced its stake in BWX Technologies Inc (NYSE:BWXT) by 97.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,959 shares of the technology company’s stock after selling 170,726 shares during the quarter. Falcon Point Capital LLC’s holdings in BWX Technologies were worth $239,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of BWXT. Public Employees Retirement System of Ohio boosted its holdings in BWX Technologies by 12.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 139,138 shares of the technology company’s stock valued at $6,783,000 after purchasing an additional 15,367 shares during the period. Burgundy Asset Management Ltd. lifted its holdings in shares of BWX Technologies by 1.3% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,200,631 shares of the technology company’s stock worth $58,531,000 after acquiring an additional 15,430 shares during the period. Legal & General Group Plc lifted its holdings in shares of BWX Technologies by 25.5% during the 3rd quarter. Legal & General Group Plc now owns 46,711 shares of the technology company’s stock worth $2,616,000 after acquiring an additional 9,482 shares during the period. Royal Bank of Canada lifted its holdings in shares of BWX Technologies by 3.4% during the 2nd quarter. Royal Bank of Canada now owns 89,920 shares of the technology company’s stock worth $4,384,000 after acquiring an additional 2,986 shares during the period. Finally, FDx Advisors Inc. bought a new position in BWX Technologies in the 3rd quarter valued at approximately $496,000. 94.65% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BWX Technologies Inc (NYSE:BWXT) traded up $0.40 during trading hours on Thursday, reaching $64.37. 260,270 shares of the company traded hands, compared to its average volume of 459,682. The stock has a market capitalization of $6,359.24, a PE ratio of 44.09, a P/E/G ratio of 2.26 and a beta of 0.51. BWX Technologies Inc has a 12 month low of $45.56 and a 12 month high of $65.38. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.68.
BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Tuesday, February 27th. The technology company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. BWX Technologies had a net margin of 8.76% and a return on equity of 77.24%. The company had revenue of $430.14 million during the quarter, compared to analysts’ expectations of $451.18 million. equities analysts anticipate that BWX Technologies Inc will post 2.53 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Monday, March 12th will be given a dividend of $0.16 per share. The ex-dividend date is Friday, March 9th. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.11. This represents a $0.64 annualized dividend and a yield of 0.99%. BWX Technologies’s payout ratio is presently 30.14%.
BWXT has been the subject of several research reports. Zacks Investment Research downgraded shares of BWX Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Wells Fargo & Co assumed coverage on shares of BWX Technologies in a research report on Monday, December 11th. They issued a “market perform” rating and a $65.00 price target for the company. ValuEngine cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. SunTrust Banks reiterated a “buy” rating and set a $70.00 price objective on shares of BWX Technologies in a research report on Friday, January 19th. Finally, BidaskClub cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $65.88.
In other news, CFO David S. Black sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $61.88, for a total value of $61,880.00. Following the completion of the sale, the chief financial officer now directly owns 62,979 shares in the company, valued at approximately $3,897,140.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 3,000 shares of company stock valued at $183,790. 0.76% of the stock is currently owned by company insiders.
BWX Technologies 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.
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