Castleark Management LLC trimmed its stake in shares of BWX Technologies Inc (NYSE:BWXT) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 243,225 shares of the technology company’s stock after selling 940 shares during the quarter. Castleark Management LLC owned 0.24% of BWX Technologies worth $14,713,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its holdings in BWX Technologies by 25.5% during the third quarter. Legal & General Group Plc now owns 46,711 shares of the technology company’s stock valued at $2,616,000 after purchasing an additional 9,482 shares in the last quarter. FDx Advisors Inc. acquired a new stake in BWX Technologies during the third quarter valued at approximately $496,000. Nicholas Investment Partners LP boosted its holdings in BWX Technologies by 3.9% during the third quarter. Nicholas Investment Partners LP now owns 118,492 shares of the technology company’s stock valued at $6,638,000 after purchasing an additional 4,499 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in BWX Technologies by 659.7% during the third quarter. Point72 Asset Management L.P. now owns 94,200 shares of the technology company’s stock valued at $5,277,000 after purchasing an additional 81,800 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in BWX Technologies by 39.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,272 shares of the technology company’s stock valued at $319,000 after purchasing an additional 1,488 shares in the last quarter. 94.57% of the stock is currently owned by institutional investors.
In other news, CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $64.44, for a total value of $64,440.00. Following the completion of the transaction, the chief financial officer now owns 71,874 shares in the company, valued at $4,631,560.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 3,000 shares of company stock valued at $186,350 in the last quarter. 0.76% of the stock is currently owned by corporate insiders.
BWX Technologies Inc (NYSE:BWXT) opened at $63.50 on Friday. BWX Technologies Inc has a one year low of $45.79 and a one year high of $65.82. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.68. The stock has a market cap of $6,346.31, a P/E ratio of 43.49, a PEG ratio of 2.26 and a beta of 0.51.
BWX Technologies (NYSE:BWXT) last posted its 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. 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. sell-side analysts forecast that BWX Technologies Inc will post 2.53 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Monday, March 12th will be paid a $0.16 dividend. The ex-dividend date is Friday, March 9th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.01%. This is a boost from BWX Technologies’s previous quarterly dividend of $0.11. BWX Technologies’s payout ratio is 43.84%.
A number of equities research analysts have weighed in on BWXT shares. Zacks Investment Research downgraded BWX Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Wells Fargo started coverage on BWX Technologies in a report on Monday, December 11th. They set a “market perform” rating and a $65.00 price objective on the stock. ValuEngine downgraded BWX Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 1st. SunTrust Banks reaffirmed a “buy” rating and set a $70.00 price objective on shares of BWX Technologies in a report on Friday, January 19th. Finally, Alembic Global Advisors reaffirmed a “buy” rating on shares of BWX Technologies in a report on Tuesday, March 6th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $65.88.
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About BWX Technologies
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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