Pier Capital LLC lessened its stake in BWX Technologies Inc (NYSE:BWXT) by 41.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,432 shares of the technology company’s stock after selling 6,082 shares during the quarter. Pier Capital LLC’s holdings in BWX Technologies were worth $510,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in BWXT. Crossmark Global Holdings Inc. acquired a new position in shares of BWX Technologies in the 3rd quarter valued at approximately $208,000. New York State Common Retirement Fund raised its position in shares of BWX Technologies by 1.6% in the 3rd quarter. New York State Common Retirement Fund now owns 468,400 shares of the technology company’s stock valued at $26,240,000 after purchasing an additional 7,500 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of BWX Technologies by 35.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 24,200 shares of the technology company’s stock valued at $1,307,000 after purchasing an additional 6,300 shares in the last quarter. Comerica Bank acquired a new position in shares of BWX Technologies in the 3rd quarter valued at approximately $767,000. Finally, Quantbot Technologies LP raised its position in shares of BWX Technologies by 37.9% in the 3rd quarter. Quantbot Technologies LP now owns 3,382 shares of the technology company’s stock valued at $189,000 after purchasing an additional 929 shares in the last quarter. 94.57% of the stock is currently owned by institutional investors.
Shares of BWXT stock opened at $64.32 on Wednesday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.65 and a current ratio of 1.65. The stock has a market capitalization of $6,299.55, a P/E ratio of 31.04, a P/E/G ratio of 2.24 and a beta of 0.51. BWX Technologies Inc has a 52-week low of $45.79 and a 52-week high of $65.82.
BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Tuesday, February 27th. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.01. The business had revenue of $430.14 million for the quarter, compared to analyst estimates of $451.18 million. BWX Technologies had a return on equity of 77.24% and a net margin of 8.76%. research analysts predict that BWX Technologies Inc will post 2.53 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Monday, March 12th will be given a dividend of $0.16 per share. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.11. This represents a $0.64 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Friday, March 9th. BWX Technologies’s dividend payout ratio is currently 43.84%.
A number of equities analysts have issued reports on BWXT shares. Zacks Investment Research raised BWX Technologies from a “sell” rating to a “hold” rating and set a $69.00 target price on the stock in a research report on Tuesday, January 9th. SunTrust Banks reaffirmed a “buy” rating and issued a $70.00 target price on shares of BWX Technologies in a research report on Friday, January 19th. Alembic Global Advisors reaffirmed a “buy” rating on shares of BWX Technologies in a research report on Tuesday, March 6th. ValuEngine lowered BWX Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Seaport Global Securities started coverage on BWX Technologies in a research report on Wednesday, January 10th. They issued a “buy” rating and a $72.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $65.88.
In related news, CFO David S. Black sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $60.36, for a total transaction of $60,360.00. Following the sale, the chief financial officer now directly owns 60,979 shares of the company’s stock, valued at approximately $3,680,692.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 3,000 shares of company stock worth $186,350. Corporate insiders own 0.76% of the company’s stock.
BWX Technologies 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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