Rhumbline Advisers Sells 2,878 Shares of BWX Technologies Inc (BWXT)
Rhumbline Advisers trimmed its position in shares of BWX Technologies Inc (NYSE:BWXT) by 2.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,036 shares of the technology company’s stock after selling 2,878 shares during the quarter. Rhumbline Advisers owned approximately 0.10% of BWX Technologies worth $6,256,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Oakbrook Investments LLC acquired a new stake in BWX Technologies in the 3rd quarter valued at $383,000. Marshall Wace LLP acquired a new stake in BWX Technologies in the 2nd quarter valued at $4,090,000. Northern Trust Corp grew its stake in BWX Technologies by 6.6% in the 2nd quarter. Northern Trust Corp now owns 511,543 shares of the technology company’s stock valued at $31,879,000 after acquiring an additional 31,894 shares during the period. HPM Partners LLC grew its stake in BWX Technologies by 104.4% in the 2nd quarter. HPM Partners LLC now owns 26,853 shares of the technology company’s stock valued at $1,673,000 after acquiring an additional 13,715 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in BWX Technologies in the 2nd quarter valued at $859,000. 96.69% of the stock is owned by hedge funds and other institutional investors.
BWXT has been the topic of a number of research analyst reports. Credit Suisse Group dropped their price target on shares of BWX Technologies from $60.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday, November 8th. SunTrust Banks cut shares of BWX Technologies from a “buy” rating to a “hold” rating and dropped their price target for the company from $79.00 to $48.00 in a research note on Wednesday, November 7th. Maxim Group assumed coverage on shares of BWX Technologies in a research note on Tuesday, November 13th. They set a “buy” rating and a $60.00 target price on the stock. ValuEngine raised shares of BWX Technologies from a “sell” rating to a “hold” rating in a research note on Monday, November 19th. Finally, Zacks Investment Research raised shares of BWX Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $59.56.
NYSE BWXT opened at $43.02 on Wednesday. BWX Technologies Inc has a 52 week low of $41.31 and a 52 week high of $72.18. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market cap of $4.46 billion, a PE ratio of 20.99, a P/E/G ratio of 1.72 and a beta of 0.53.
BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.22). BWX Technologies had a return on equity of 66.38% and a net margin of 10.81%. The company had revenue of $425.50 million for the quarter, compared to analysts’ expectations of $461.26 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The firm’s revenue was up 1.5% on a year-over-year basis. Sell-side analysts expect that BWX Technologies Inc will post 2.46 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Tuesday, November 20th will be issued a dividend of $0.16 per share. The ex-dividend date is Monday, November 19th. This represents a $0.64 annualized dividend and a dividend yield of 1.49%. BWX Technologies’s dividend payout ratio is presently 31.22%.
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BWX Technologies Profile
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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