Caxton Associates LP Acquires Shares of 10,376 BWX Technologies Inc (BWXT)
Caxton Associates LP acquired a new position in BWX Technologies Inc (NYSE:BWXT) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 10,376 shares of the technology company’s stock, valued at approximately $397,000.
Several other hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of BWX Technologies by 7.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,568 shares of the technology company’s stock worth $251,000 after buying an additional 452 shares during the last quarter. First Mercantile Trust Co. grew its position in shares of BWX Technologies by 15.6% in the 4th quarter. First Mercantile Trust Co. now owns 3,684 shares of the technology company’s stock worth $141,000 after buying an additional 496 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of BWX Technologies by 36.3% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,035 shares of the technology company’s stock worth $78,000 after buying an additional 542 shares during the last quarter. Advisor Group Inc. grew its position in shares of BWX Technologies by 30.3% in the 4th quarter. Advisor Group Inc. now owns 4,130 shares of the technology company’s stock worth $159,000 after buying an additional 960 shares during the last quarter. Finally, Quantamental Technologies LLC bought a new stake in shares of BWX Technologies during the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 98.68% of the company’s stock.
Several equities research analysts recently weighed in on BWXT shares. Zacks Investment Research upgraded BWX Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Maxim Group restated a “buy” rating and set a $60.00 price target on shares of BWX Technologies in a research report on Monday, January 7th. ValuEngine upgraded BWX Technologies from a “sell” rating to a “hold” rating in a research report on Monday, November 19th. Finally, Bank of America lowered BWX Technologies from a “neutral” rating to an “underperform” rating and set a $52.00 price target on the stock. in a research report on Friday, March 1st. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. BWX Technologies presently has a consensus rating of “Hold” and an average target price of $58.25.
NYSE BWXT opened at $49.40 on Friday. The company has a debt-to-equity ratio of 3.20, a quick ratio of 1.44 and a current ratio of 1.44. BWX Technologies Inc has a twelve month low of $35.91 and a twelve month high of $72.18. The company has a market cap of $4.69 billion, a P/E ratio of 20.67, a PEG ratio of 2.36 and a beta of 0.99.
BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, February 25th. The technology company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.15. BWX Technologies had a return on equity of 76.32% and a net margin of 12.61%. The company had revenue of $478.00 million for the quarter, compared to analyst estimates of $475.02 million. During the same period in the previous year, the company posted $0.47 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis. Research analysts predict that BWX Technologies Inc will post 2.5 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Monday, March 11th will be paid a dividend of $0.17 per share. This is a boost from BWX Technologies’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, March 8th. This represents a $0.68 dividend on an annualized basis and a yield of 1.38%. BWX Technologies’s payout ratio is presently 28.45%.
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About BWX Technologies
BWX Technologies, Inc manufactures and sells nuclear components to the United States government. The company operates in three segments: Nuclear Operations, Technical Services, and Nuclear Energy. The Nuclear Operations segment offers precision naval nuclear components and reactors; close-tolerance and equipment for nuclear applications; and components for defense applications, as well as critical nuclear components, fuels, and assemblies for government and other uses.
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