Scout Investments Inc. decreased its stake in BWX Technologies, Inc. (NYSE:BWXT) by 20.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 481,204 shares of the technology company’s stock after selling 122,967 shares during the period. Scout Investments Inc. owned 0.49% of BWX Technologies worth $23,459,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Alps Advisors Inc. increased its stake in shares of BWX Technologies by 0.3% in the second quarter. Alps Advisors Inc. now owns 10,314 shares of the technology company’s stock valued at $503,000 after buying an additional 27 shares during the last quarter. Utah Retirement Systems boosted its position in BWX Technologies by 1.2% in the second quarter. Utah Retirement Systems now owns 17,139 shares of the technology company’s stock worth $835,000 after buying an additional 200 shares during the period. Teacher Retirement System of Texas boosted its position in BWX Technologies by 2.9% in the second quarter. Teacher Retirement System of Texas now owns 7,183 shares of the technology company’s stock worth $350,000 after buying an additional 201 shares during the period. M&T Bank Corp boosted its position in BWX Technologies by 5.1% in the first quarter. M&T Bank Corp now owns 6,906 shares of the technology company’s stock worth $328,000 after buying an additional 338 shares during the period. Finally, Creative Planning boosted its position in BWX Technologies by 20.4% in the second quarter. Creative Planning now owns 4,045 shares of the technology company’s stock worth $197,000 after buying an additional 685 shares during the period. 97.03% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies, Inc. (NYSE BWXT) traded up 0.28% during trading on Wednesday, reaching $53.95. The company’s stock had a trading volume of 33,383 shares. The company has a market cap of $5.36 billion, a P/E ratio of 28.51 and a beta of 0.45. BWX Technologies, Inc. has a 12 month low of $36.16 and a 12 month high of $54.53. The stock’s 50-day moving average is $52.36 and its 200 day moving average is $48.62.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, August 7th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.09. BWX Technologies had a net margin of 11.81% and a return on equity of 107.13%. The company had revenue of $410.01 million during the quarter, compared to analysts’ expectations of $429.38 million. During the same period last year, the company posted $0.44 EPS. BWX Technologies’s revenue was up 1.9% on a year-over-year basis. On average, equities analysts forecast 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. Investors of record on Monday, August 21st will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $0.44 dividend on an annualized basis and a yield of 0.82%. BWX Technologies’s dividend payout ratio (DPR) is currently 23.28%.

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BWXT has been the subject of a number of research reports. BidaskClub upgraded BWX Technologies from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Zacks Investment Research cut BWX Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Credit Suisse Group initiated coverage on BWX Technologies in a report on Friday, June 9th. They set a “neutral” rating and a $51.00 target price for the company. Sidoti reiterated a “buy” rating and set a $62.00 target price on shares of BWX Technologies in a report on Wednesday, May 31st. Finally, Bank of America Corporation reiterated a “buy” rating and set a $55.00 target price on shares of BWX Technologies in a report on Thursday, August 10th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $52.83.

In related news, VP Jason S. Kerr sold 1,365 shares of BWX Technologies stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $54.13, for a total transaction of $73,887.45. Following the completion of the transaction, the vice president now directly owns 4,312 shares of the company’s stock, valued at approximately $233,408.56. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Harbour Group L.P. Blue sold 3,295,098 shares of BWX Technologies stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $47.43, for a total transaction of $156,286,498.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,311,463 shares of company stock valued at $157,167,536. 0.76% of the stock is currently owned by corporate insiders.

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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Institutional Ownership by Quarter for BWX Technologies (NYSE:BWXT)

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