United Services Automobile Association Trims Stock Holdings in BWX Technologies Inc (NYSE:BWXT)

United Services Automobile Association trimmed its holdings in BWX Technologies Inc (NYSE:BWXT) by 6.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,539 shares of the technology company’s stock after selling 994 shares during the period. United Services Automobile Association’s holdings in BWX Technologies were worth $757,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Stephens Inc. AR grew its position in shares of BWX Technologies by 1.4% during the 2nd quarter. Stephens Inc. AR now owns 15,757 shares of the technology company’s stock valued at $821,000 after purchasing an additional 214 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of BWX Technologies by 9.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,147 shares of the technology company’s stock valued at $164,000 after purchasing an additional 259 shares in the last quarter. Huntington National Bank grew its position in shares of BWX Technologies by 50.3% during the 2nd quarter. Huntington National Bank now owns 1,127 shares of the technology company’s stock valued at $59,000 after purchasing an additional 377 shares in the last quarter. BB&T Securities LLC grew its position in shares of BWX Technologies by 3.1% during the 2nd quarter. BB&T Securities LLC now owns 15,107 shares of the technology company’s stock valued at $787,000 after purchasing an additional 450 shares in the last quarter. Finally, Stanley Laman Group Ltd. grew its position in shares of BWX Technologies by 0.6% during the 2nd quarter. Stanley Laman Group Ltd. now owns 92,643 shares of the technology company’s stock valued at $4,827,000 after purchasing an additional 563 shares in the last quarter.

NYSE BWXT opened at $55.82 on Friday. BWX Technologies Inc has a 52-week low of $35.91 and a 52-week high of $61.14. The company has a debt-to-equity ratio of 2.91, a quick ratio of 1.86 and a current ratio of 1.86. The company has a market capitalization of $5.20 billion, a P/E ratio of 22.05, a P/E/G ratio of 2.49 and a beta of 1.04. The company has a fifty day moving average of $58.01 and a 200-day moving average of $52.87.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, August 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.10. BWX Technologies had a net margin of 11.60% and a return on equity of 83.20%. The company had revenue of $471.00 million during the quarter, compared to the consensus estimate of $440.45 million. During the same period in the previous year, the firm posted $0.58 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. As a group, analysts forecast that BWX Technologies Inc will post 2.49 EPS for the current fiscal year.

A number of analysts have recently issued reports on the stock. Barclays set a $55.00 price objective on shares of BWX Technologies and gave the stock a “sell” rating in a report on Tuesday. ValuEngine downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Thursday. SunTrust Banks set a $55.00 price objective on shares of BWX Technologies and gave the stock a “hold” rating in a report on Wednesday, August 7th. Maxim Group reaffirmed a “buy” rating and set a $71.00 price objective on shares of BWX Technologies in a report on Wednesday, August 7th. Finally, Seaport Global Securities set a $62.00 price objective on shares of BWX Technologies and gave the stock a “buy” rating in a report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $56.25.

In other BWX Technologies news, CFO David S. Black sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $59.11, for a total value of $59,110.00. Following the completion of the sale, the chief financial officer now directly owns 76,161 shares of the company’s stock, valued at $4,501,876.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John A. Fees sold 60,000 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $57.15, for a total transaction of $3,429,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 63,000 shares of company stock valued at $3,599,510 over the last ninety days. 0.44% of the stock is currently owned by insiders.

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

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