BWX Technologies Inc (BWXT) Shares Bought by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. increased its stake in shares of BWX Technologies Inc (NYSE:BWXT) by 70.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 572,719 shares of the technology company’s stock after acquiring an additional 235,900 shares during the quarter. Goldman Sachs Group Inc. owned about 0.58% of BWX Technologies worth $34,643,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Quantbot Technologies LP boosted its holdings in shares of BWX Technologies by 37.9% in the third quarter. Quantbot Technologies LP now owns 3,382 shares of the technology company’s stock valued at $189,000 after acquiring an additional 929 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of BWX Technologies by 6.8% in the third quarter. Pacer Advisors Inc. now owns 14,875 shares of the technology company’s stock valued at $833,000 after acquiring an additional 942 shares in the last quarter. Atria Investments LLC boosted its holdings in shares of BWX Technologies by 24.9% in the fourth quarter. Atria Investments LLC now owns 4,883 shares of the technology company’s stock valued at $295,000 after acquiring an additional 973 shares in the last quarter. Amalgamated Bank boosted its holdings in shares of BWX Technologies by 5.8% in the fourth quarter. Amalgamated Bank now owns 18,764 shares of the technology company’s stock valued at $1,135,000 after acquiring an additional 1,032 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of BWX Technologies by 39.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,272 shares of the technology company’s stock valued at $319,000 after acquiring an additional 1,488 shares in the last quarter. Hedge funds and other institutional investors own 94.57% of the company’s stock.
BWX Technologies stock opened at $66.23 on Thursday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.68. The stock has a market cap of $6,399.04, a PE ratio of 31.53, a price-to-earnings-growth ratio of 2.29 and a beta of 0.51. BWX Technologies Inc has a 52-week low of $45.79 and a 52-week high of $66.79.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Monday, March 12th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Friday, March 9th. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.11. BWX Technologies’s payout ratio is currently 43.84%.
Several analysts have recently weighed in on BWXT shares. ValuEngine downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Wells Fargo initiated coverage on shares of BWX Technologies in a report on Monday, December 11th. They set a “market perform” rating and a $65.00 price objective on the stock. Zacks Investment Research downgraded shares of BWX Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Seaport Global Securities initiated coverage on shares of BWX Technologies in a report on Wednesday, January 10th. They set a “buy” rating and a $72.00 price objective on the stock. Finally, SunTrust Banks reissued a “buy” rating and set a $70.00 price objective on shares of BWX Technologies in a report on Friday, January 19th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $65.88.
In other news, CFO David S. Black sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $60.36, for a total value of $60,360.00. Following the completion of the transaction, the chief financial officer now owns 60,979 shares of the company’s stock, valued at $3,680,692.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last three months, insiders sold 3,000 shares of company stock valued at $186,350. Company insiders own 0.76% of the company’s stock.
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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