Canada Pension Plan Investment Board Sells 184,400 Shares of BWX Technologies, Inc. (BWXT)
Canada Pension Plan Investment Board trimmed its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 55.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 145,800 shares of the technology company’s stock after selling 184,400 shares during the quarter. Canada Pension Plan Investment Board owned 0.15% of BWX Technologies worth $8,168,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of BWXT. Quantbot Technologies LP boosted its holdings in BWX Technologies by 11.2% in the second quarter. Quantbot Technologies LP now owns 2,453 shares of the technology company’s stock valued at $119,000 after purchasing an additional 248 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in BWX Technologies in the first quarter valued at $124,000. Federated Investors Inc. PA purchased a new stake in shares of BWX Technologies during the 2nd quarter worth about $151,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of BWX Technologies by 23.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,784 shares of the technology company’s stock worth $184,000 after acquiring an additional 721 shares in the last quarter. Finally, Globeflex Capital L P purchased a new stake in shares of BWX Technologies during the 2nd quarter worth about $193,000. 94.31% of the stock is currently owned by institutional investors.
BWX Technologies, Inc. (NYSE:BWXT) opened at $60.50 on Monday. The firm has a market cap of $6,013.92, a PE ratio of 29.80, a P/E/G ratio of 2.36 and a beta of 0.47. BWX Technologies, Inc. has a 12 month low of $37.63 and a 12 month high of $61.88. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.59.
BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, November 6th. The technology company reported $0.46 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.46. The firm had revenue of $419.36 million for the quarter, compared to analyst estimates of $420.39 million. BWX Technologies had a net margin of 11.89% and a return on equity of 88.05%. BWX Technologies’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company posted $0.39 EPS. equities analysts anticipate that BWX Technologies, Inc. will post 2.08 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Monday, November 20th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.44 dividend on an annualized basis and a yield of 0.73%. BWX Technologies’s payout ratio is 22.45%.
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In other BWX Technologies news, CFO David S. Black sold 1,000 shares of the stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $59.00, for a total value of $59,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Harbour Group L.P. Blue sold 1,992,829 shares of the 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 disclosure for this sale can be found here. 0.76% of the stock is currently owned by corporate insiders.
Several research firms have recently issued reports on BWXT. BidaskClub raised shares of BWX Technologies from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 26th. Zacks Investment Research lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Thursday. Robert W. Baird began coverage on shares of BWX Technologies in a research note on Tuesday, October 24th. They set an “outperform” rating and a $70.00 target price on the stock. ValuEngine lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Bank of America Corporation increased their target price on shares of BWX Technologies from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, October 5th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. BWX Technologies presently has a consensus rating of “Buy” and an average price target of $61.67.
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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