Wolverine Asset Management LLC reduced its stake in shares of BWX Technologies Inc (NYSE:BWXT) by 60.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,000 shares of the technology company’s stock after selling 15,000 shares during the quarter. Wolverine Asset Management LLC’s holdings in BWX Technologies were worth $604,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of BWXT. Cerebellum GP LLC bought a new stake in BWX Technologies during the fourth quarter worth approximately $128,000. American International Group Inc. bought a new stake in BWX Technologies during the fourth quarter worth approximately $134,000. Assetmark Inc. increased its stake in BWX Technologies by 402.7% during the fourth quarter. Assetmark Inc. now owns 2,222 shares of the technology company’s stock worth $134,000 after acquiring an additional 1,780 shares during the last quarter. First Manhattan Co. bought a new stake in BWX Technologies during the fourth quarter worth approximately $184,000. Finally, Quantbot Technologies LP increased its stake in BWX Technologies by 37.9% during the third quarter. Quantbot Technologies LP now owns 3,382 shares of the technology company’s stock worth $189,000 after acquiring an additional 929 shares during the last quarter. 94.57% of the stock is currently owned by institutional investors.
BWX Technologies Inc (NYSE BWXT) opened at $63.79 on Thursday. The company has a market capitalization of $6,402.02, a P/E ratio of 31.54, a PEG ratio of 2.28 and a beta of 0.51. BWX Technologies Inc has a 52 week low of $45.79 and a 52 week high of $65.82. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.65 and a current ratio of 1.65.
BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Tuesday, February 27th. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The firm had revenue of $430.14 million during the quarter, compared to analyst estimates of $451.18 million. BWX Technologies had a return on equity of 77.24% and a net margin of 8.76%. sell-side analysts forecast that BWX Technologies Inc will post 2.53 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Monday, March 12th will be issued a $0.16 dividend. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.11. The ex-dividend date is Friday, March 9th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.00%. BWX Technologies’s payout ratio is presently 43.84%.
BWXT has been the topic of a number of analyst reports. ValuEngine cut BWX Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Wells Fargo & Co initiated coverage on BWX Technologies in a research note on Monday, December 11th. They set a “market perform” rating and a $65.00 target price on the stock. Zacks Investment Research cut BWX Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Seaport Global Securities initiated coverage on BWX Technologies in a research note on Wednesday, January 10th. They set a “buy” rating and a $72.00 target price on the stock. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $70.00 target price on shares of BWX Technologies in a research note on Friday, January 19th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $65.88.
In related news, CFO David S. Black sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $60.36, for a total value of $60,360.00. Following the completion of the sale, the chief financial officer now owns 60,979 shares in the company, valued at $3,680,692.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 3,000 shares of company stock valued at $186,350 in the last quarter. 0.76% of the stock is owned by company insiders.
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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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