First Mercantile Trust Co. boosted its holdings in BWX Technologies Inc (NYSE:BWXT) by 43.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,837 shares of the technology company’s stock after buying an additional 1,153 shares during the period. First Mercantile Trust Co.’s holdings in BWX Technologies were worth $220,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in BWXT. First Trust Advisors LP lifted its holdings in BWX Technologies by 9.1% in the first quarter. First Trust Advisors LP now owns 75,082 shares of the technology company’s stock valued at $3,723,000 after buying an additional 6,233 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in BWX Technologies in the second quarter worth $254,000. Fox Run Management L.L.C. acquired a new stake in BWX Technologies in the second quarter worth $538,000. Copeland Capital Management LLC raised its holdings in BWX Technologies by 19.9% in the second quarter. Copeland Capital Management LLC now owns 610,621 shares of the technology company’s stock worth $31,813,000 after purchasing an additional 101,141 shares during the period. Finally, FDx Advisors Inc. raised its holdings in BWX Technologies by 13.2% in the second quarter. FDx Advisors Inc. now owns 8,166 shares of the technology company’s stock worth $425,000 after purchasing an additional 951 shares during the period.
Shares of BWXT stock opened at $61.01 on Friday. The firm has a fifty day moving average of $57.35 and a 200-day moving average of $53.85. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 2.40. BWX Technologies Inc has a 12-month low of $35.91 and a 12-month high of $62.94. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 25.53, a P/E/G ratio of 2.68 and a beta of 1.04.
BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.14. BWX Technologies had a net margin of 10.93% and a return on equity of 90.98%. The company had revenue of $506.00 million during the quarter, compared to the consensus estimate of $486.02 million. During the same quarter in the prior year, the firm earned $0.40 earnings per share. The firm’s revenue was up 18.8% compared to the same quarter last year. On average, equities analysts expect that BWX Technologies Inc will post 2.55 EPS for the current year.
In other news, CFO David S. Black sold 1,000 shares of the stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $54.73, for a total transaction of $54,730.00. Following the completion of the sale, the chief financial officer now owns 75,161 shares of the company’s stock, valued at $4,113,561.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.44% of the stock is owned by corporate insiders.
BWXT has been the topic of several analyst reports. Zacks Investment Research lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Friday. ValuEngine lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. SunTrust Banks set a $55.00 target price on shares of BWX Technologies and gave the stock a “hold” rating in a report on Wednesday, August 7th. Maxim Group reiterated a “buy” rating and issued a $71.00 target price on shares of BWX Technologies in a report on Wednesday, August 7th. Finally, Barclays set a $55.00 target price on shares of BWX Technologies and gave the stock a “sell” rating in a report on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $59.71.
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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