BWX Technologies, Inc. (BWXT) Shares Bought by Bamco Inc. NY
Bamco Inc. NY raised its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 63.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 440,519 shares of the technology company’s stock after acquiring an additional 171,098 shares during the quarter. Bamco Inc. NY owned about 0.44% of BWX Technologies worth $21,475,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of BWXT. Quantbot Technologies LP boosted its position in BWX Technologies by 11.2% during the second quarter. Quantbot Technologies LP now owns 2,453 shares of the technology company’s stock valued at $119,000 after acquiring an additional 248 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in BWX Technologies during the first quarter valued at $124,000. Federated Investors Inc. PA bought a new stake in BWX Technologies during the second quarter valued at $151,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in BWX Technologies by 23.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,784 shares of the technology company’s stock valued at $184,000 after acquiring an additional 721 shares during the last quarter. Finally, Globeflex Capital L P bought a new stake in BWX Technologies during the second quarter valued at $193,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.
BWX Technologies, Inc. (BWXT) opened at 56.02 on Friday. The stock’s 50 day moving average is $53.74 and its 200 day moving average is $49.94. The firm has a market cap of $5.56 billion, a price-to-earnings ratio of 29.61 and a beta of 0.46. BWX Technologies, Inc. has a one year low of $36.16 and a one year high of $56.37.
BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, August 7th. The technology company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.09. The firm had revenue of $410.01 million for the quarter, compared to analyst estimates of $429.38 million. BWX Technologies had a net margin of 11.81% and a return on equity of 107.13%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 EPS. On average, analysts predict that BWX Technologies, Inc. will post $2.02 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Monday, August 21st were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Thursday, August 17th. BWX Technologies’s payout ratio is 23.28%.
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In other news, insider Harbour Group L.P. Blue sold 1,992,829 shares of BWX Technologies stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $53.20, for a total transaction of $106,018,502.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joseph G. Henry sold 15,000 shares of BWX Technologies stock in a transaction dated Friday, August 11th. The shares were 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 approximately $572,484.59. The disclosure for this sale can be found here. Insiders have sold a total of 2,009,194 shares of company stock worth $106,899,540 in the last ninety days. Insiders own 0.76% of the company’s stock.
A number of analysts have commented on BWXT shares. BidaskClub cut shares of BWX Technologies from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 23rd. Credit Suisse Group started coverage on shares of BWX Technologies in a research report on Friday, June 9th. They set a “neutral” rating and a $51.00 price target on the stock. Zacks Investment Research raised shares of BWX Technologies from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Thursday, August 10th. ValuEngine upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $55.00 price objective on shares of BWX Technologies in a report on Thursday, August 10th. One equities research analyst has 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 $52.83.
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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