Monarch Partners Asset Management LLC Sells 3,672 Shares of BWX Technologies, Inc. (NYSE:BWXT)
Monarch Partners Asset Management LLC cut its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 1.3% during the second quarter, Holdings Channel reports. The institutional investor owned 269,968 shares of the technology company’s stock after selling 3,672 shares during the period. BWX Technologies comprises about 1.3% of Monarch Partners Asset Management LLC’s investment portfolio, making the stock its 20th largest position. Monarch Partners Asset Management LLC’s holdings in BWX Technologies were worth $13,161,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of the stock. Teachers Advisors LLC increased its stake in BWX Technologies by 17.9% in the fourth quarter. Teachers Advisors LLC now owns 217,933 shares of the technology company’s stock worth $8,652,000 after buying an additional 33,124 shares in the last quarter. Creative Planning increased its stake in BWX Technologies by 130.1% in the first quarter. Creative Planning now owns 3,360 shares of the technology company’s stock worth $160,000 after buying an additional 1,900 shares in the last quarter. Navellier & Associates Inc increased its stake in BWX Technologies by 2.5% in the first quarter. Navellier & Associates Inc now owns 7,627 shares of the technology company’s stock worth $363,000 after buying an additional 188 shares in the last quarter. CAPROCK Group Inc. acquired a new stake in BWX Technologies during the first quarter worth about $234,000. Finally, Acadian Asset Management LLC increased its stake in BWX Technologies by 8,728.4% in the first quarter. Acadian Asset Management LLC now owns 202,966 shares of the technology company’s stock worth $9,662,000 after buying an additional 200,667 shares in the last quarter. 95.44% of the stock is owned by hedge funds and other institutional investors.
BWX Technologies, Inc. (NYSE:BWXT) opened at 53.95 on Friday. The firm has a market capitalization of $5.36 billion, a PE ratio of 28.51 and a beta of 0.45. The stock has a 50 day moving average of $50.64 and a 200 day moving average of $47.69. BWX Technologies, Inc. has a 12 month low of $36.16 and a 12 month high of $54.53.
BWX Technologies (NYSE:BWXT) last released its quarterly earnings data on Monday, August 7th. The technology company reported $0.56 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 analyst estimates of $429.38 million. During the same period last year, the business earned $0.44 earnings per share. BWX Technologies’s revenue was up 1.9% compared to the same quarter last year. On average, equities analysts predict that BWX Technologies, Inc. will post $2.02 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Monday, August 21st will be given a $0.11 dividend. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.82%. BWX Technologies’s dividend payout ratio (DPR) is currently 23.28%.
Several brokerages have recently commented on BWXT. Sidoti restated a “buy” rating and issued a $62.00 target price on shares of BWX Technologies in a research report on Wednesday, May 31st. Credit Suisse Group began coverage on shares of BWX Technologies in a research report on Friday, June 9th. They issued a “neutral” rating and a $51.00 target price for the company. BidaskClub cut shares of BWX Technologies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Zacks Investment Research cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Bank of America Corporation restated a “buy” rating and issued a $55.00 target price on shares of BWX Technologies in a research report on Thursday. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $52.83.
In other news, insider Harbour Group L.P. Blue sold 3,295,098 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $47.43, for a total value of $156,286,498.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.76% of the stock is currently owned by company 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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