First Trust Advisors LP Sells 227,230 Shares of BWX Technologies, Inc. (BWXT)
First Trust Advisors LP trimmed its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 38.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 362,127 shares of the technology company’s stock after selling 227,230 shares during the period. First Trust Advisors LP owned about 0.36% of BWX Technologies worth $20,286,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the stock. Quantbot Technologies LP increased 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 worth $119,000 after buying an additional 248 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in BWX Technologies during the first quarter worth $124,000. Federated Investors Inc. PA acquired a new position in BWX Technologies during the second quarter worth $151,000. Zurcher Kantonalbank Zurich Cantonalbank increased 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 worth $184,000 after buying an additional 721 shares during the last quarter. Finally, Globeflex Capital L P acquired a new position in BWX Technologies during the second quarter worth $193,000. Institutional investors and hedge funds own 96.58% of the company’s stock.
In related 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 legal filing with the Securities & Exchange Commission, which is accessible through 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. Over the last ninety days, insiders sold 2,010,194 shares of company stock worth $106,958,540. 0.76% of the stock is currently owned by company insiders.
Shares of BWX Technologies, Inc. (BWXT) opened at $61.03 on Friday. The stock has a market capitalization of $6,061.62, a PE ratio of 31.14, a PEG ratio of 2.46 and a beta of 0.47. BWX Technologies, Inc. has a 1 year low of $36.16 and a 1 year high of $61.88. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.90 and a quick ratio of 1.90.
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 the Thomson Reuters’ consensus estimate of $0.47 by $0.09. The company had revenue of $410.01 million for the quarter, compared to the consensus estimate of $429.38 million. BWX Technologies had a return on equity of 107.13% and a net margin of 11.81%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business posted $0.44 earnings per share. sell-side analysts predict that BWX Technologies, Inc. will post 2.07 EPS for the current year.
Several research firms have commented on BWXT. BidaskClub downgraded shares of BWX Technologies from a “strong-buy” rating to a “buy” rating in a research report on Thursday. ValuEngine downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Robert W. Baird began coverage on shares of BWX Technologies in a research report on Tuesday, October 24th. They set an “outperform” rating and a $70.00 target price on the stock. Bank of America Corporation reissued a “buy” rating and set a $55.00 target price on shares of BWX Technologies in a research report on Thursday, August 10th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and set a $62.00 target price on shares of BWX Technologies in a research report on Monday, October 2nd. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $59.00.
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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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