Ameriprise Financial Inc. Sells 39,444 Shares of BWX Technologies, Inc. (BWXT)
Ameriprise Financial Inc. cut its stake in BWX Technologies, Inc. (NYSE:BWXT) by 14.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 235,820 shares of the technology company’s stock after selling 39,444 shares during the quarter. Ameriprise Financial Inc. owned about 0.24% of BWX Technologies worth $13,213,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in BWXT. Janus Henderson Group PLC purchased a new position in shares of BWX Technologies in the second quarter valued at $145,836,000. Artisan Partners Limited Partnership grew its position in shares of BWX Technologies by 210.9% in the second quarter. Artisan Partners Limited Partnership now owns 4,100,416 shares of the technology company’s stock valued at $199,895,000 after purchasing an additional 2,781,599 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of BWX Technologies by 310.0% in the second quarter. Wells Fargo & Company MN now owns 3,071,474 shares of the technology company’s stock valued at $149,735,000 after purchasing an additional 2,322,309 shares in the last quarter. Franklin Resources Inc. grew its position in shares of BWX Technologies by 659.9% in the second quarter. Franklin Resources Inc. now owns 1,047,954 shares of the technology company’s stock valued at $51,088,000 after purchasing an additional 910,054 shares in the last quarter. Finally, William Blair Investment Management LLC grew its position in BWX Technologies by 11.8% during the second quarter. William Blair Investment Management LLC now owns 6,544,781 shares of the technology company’s stock worth $319,058,000 after buying an additional 691,035 shares in the last quarter. Institutional investors own 95.50% of the company’s stock.
BWX Technologies, Inc. (NYSE:BWXT) opened at $60.91 on Friday. BWX Technologies, Inc. has a 52-week low of $37.63 and a 52-week high of $62.85. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.81 and a current ratio of 1.81. The company has a market capitalization of $6,055.69, a PE ratio of 30.01, a P/E/G ratio of 2.38 and a beta of 0.47.
BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, November 6th. The technology company reported $0.46 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 business had revenue of $419.36 million during the quarter, compared to analysts’ expectations of $420.39 million. During the same period in the previous year, the business earned $0.39 earnings per share. The firm’s revenue was up 10.5% on a year-over-year basis. equities research analysts predict that BWX Technologies, Inc. will post 2.07 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Monday, November 20th were 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 was Friday, November 17th. BWX Technologies’s dividend payout ratio (DPR) is currently 22.45%.
In other BWX Technologies news, CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $59.93, for a total transaction of $59,930.00. Following the completion of the sale, the chief financial officer now owns 63,979 shares of the company’s stock, valued at $3,834,261.47. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman John A. Fees sold 21,453 shares of BWX Technologies stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $60.21, for a total value of $1,291,685.13. Following the sale, the chairman now directly owns 87,919 shares of the company’s stock, valued at approximately $5,293,602.99. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,453 shares of company stock valued at $1,472,495. Corporate insiders own 0.76% of the company’s stock.
Several equities analysts recently commented on BWXT shares. BidaskClub upgraded BWX Technologies from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 26th. Bank of America boosted their target price on BWX Technologies from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th. ValuEngine cut BWX Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research cut BWX Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Robert W. Baird started coverage on BWX Technologies in a research report on Tuesday, October 24th. They set an “outperform” rating and a $70.00 target price for the company. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $62.14.
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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.
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