Clinton Group Inc. Takes Position in BWX Technologies Inc (BWXT)

Clinton Group Inc. purchased a new stake in shares of BWX Technologies Inc (NYSE:BWXT) in the third quarter, HoldingsChannel.com reports. The firm purchased 4,650 shares of the technology company’s stock, valued at approximately $291,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pennsylvania Trust Co boosted its stake in BWX Technologies by 2.0% during the 3rd quarter. Pennsylvania Trust Co now owns 59,826 shares of the technology company’s stock valued at $3,742,000 after acquiring an additional 1,170 shares during the last quarter. Atria Investments LLC boosted its stake in BWX Technologies by 28.4% during the 3rd quarter. Atria Investments LLC now owns 4,383 shares of the technology company’s stock valued at $274,000 after acquiring an additional 970 shares during the last quarter. CENTRAL TRUST Co bought a new position in BWX Technologies during the 3rd quarter valued at $100,000. Northern Trust Corp boosted its stake in BWX Technologies by 6.6% during 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 last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in BWX Technologies by 21.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 94,201 shares of the technology company’s stock valued at $5,871,000 after acquiring an additional 16,800 shares during the last quarter. 95.28% of the stock is owned by institutional investors and hedge funds.

NYSE BWXT opened at $57.51 on Friday. BWX Technologies Inc has a 12 month low of $56.80 and a 12 month high of $72.18. The company has a debt-to-equity ratio of 1.72, a quick ratio of 2.88 and a current ratio of 2.88. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 28.05, a P/E/G ratio of 2.20 and a beta of 0.45.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, August 6th. The technology company reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.02). BWX Technologies had a return on equity of 66.19% and a net margin of 9.05%. The business had revenue of $438.92 million during the quarter, compared to the consensus estimate of $445.70 million. During the same quarter in the previous year, the business posted $0.56 earnings per share. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, research analysts expect that BWX Technologies Inc will post 2.54 EPS for the current fiscal year.

In other news, VP Jason S. Kerr sold 1,365 shares of the firm’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $64.06, for a total value of $87,441.90. Following the transaction, the vice president now directly owns 9,132 shares in the company, valued at approximately $584,995.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction dated Thursday, October 11th. The stock was sold at an average price of $57.65, for a total transaction of $57,650.00. Following the completion of the transaction, the chief financial officer now owns 68,570 shares in the company, valued at $3,953,060.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,365 shares of company stock worth $269,062. Insiders own 0.52% of the company’s stock.

A number of research analysts have commented on the stock. Zacks Investment Research downgraded shares of BWX Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday. Drexel Hamilton reiterated a “buy” rating and set a $78.00 price objective on shares of BWX Technologies in a research note on Thursday, June 21st. Finally, SunTrust Banks reduced their price objective on shares of BWX Technologies from $83.00 to $79.00 and set a “buy” rating on the stock in a research note on Tuesday, August 21st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $70.00.

BWX Technologies Company 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.

Further Reading: Risk Tolerance

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Institutional Ownership by Quarter for BWX Technologies (NYSE:BWXT)

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