BWX Technologies, Inc. (BWXT) is Kestrel Investment Management Corp’s 6th Largest Position
Kestrel Investment Management Corp cut its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 5.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 195,575 shares of the technology company’s stock after selling 12,100 shares during the period. BWX Technologies comprises 3.5% of Kestrel Investment Management Corp’s investment portfolio, making the stock its 6th largest position. Kestrel Investment Management Corp owned 0.20% of BWX Technologies worth $9,534,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Asset Management L.P. bought a new stake in shares of BWX Technologies during the first quarter valued at $4,455,000. Creative Planning boosted its position in shares of BWX Technologies by 130.1% in the first quarter. Creative Planning now owns 3,360 shares of the technology company’s stock worth $160,000 after buying an additional 1,900 shares during the last quarter. Engineers Gate Manager LP acquired a new position in shares of BWX Technologies during the first quarter worth approximately $931,000. Airain ltd boosted its position in shares of BWX Technologies by 81.3% in the first quarter. Airain ltd now owns 15,760 shares of the technology company’s stock worth $750,000 after buying an additional 7,065 shares during the last quarter. Finally, TD Asset Management Inc. boosted its position in shares of BWX Technologies by 42.9% in the first quarter. TD Asset Management Inc. now owns 25,000 shares of the technology company’s stock worth $1,190,000 after buying an additional 7,500 shares during the last quarter. Hedge funds and other institutional investors own 97.03% of the company’s stock.
BWX Technologies, Inc. (NYSE:BWXT) traded down 0.13% during trading on Friday, hitting $54.65. The stock had a trading volume of 37,422 shares. The company’s 50-day moving average is $52.88 and its 200 day moving average is $48.97. The firm has a market cap of $5.43 billion, a PE ratio of 28.88 and a beta of 0.45. BWX Technologies, Inc. has a 52 week low of $36.16 and a 52 week high of $54.80.
BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, August 7th. The technology company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.09. The company had revenue of $410.01 million for the quarter, compared to the consensus estimate of $429.38 million. BWX Technologies had a return on equity of 107.13% and a net margin of 11.81%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.44 EPS. Equities analysts expect that BWX Technologies, Inc. will post $2.03 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Monday, August 21st will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, August 17th. BWX Technologies’s dividend payout ratio is currently 23.28%.
BWXT has been the topic of several recent research reports. Zacks Investment Research cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. BidaskClub raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Credit Suisse Group assumed coverage on shares of BWX Technologies in a research note on Friday, June 9th. They set a “neutral” rating and a $51.00 price target on the stock. Sidoti reiterated a “buy” rating and issued a $62.00 price objective on shares of BWX Technologies in a research report on Wednesday, May 31st. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $55.00 price objective on shares of BWX Technologies in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $52.83.
In other news, insider Joseph G. Henry sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $53.81, for a total transaction of $807,150.00. Following the sale, the insider now directly owns 10,639 shares in the company, valued at $572,484.59. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Harbour Group L.P. Blue sold 3,295,098 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $47.43, for a total value of $156,286,498.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,311,463 shares of company stock worth $157,167,536. Company insiders own 0.76% of the company’s stock.
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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