Private Ocean LLC acquired a new position in BWX Technologies Inc (NYSE:BWXT) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 750 shares of the technology company’s stock, valued at approximately $43,000.
Several other large investors have also recently made changes to their positions in BWXT. Schroder Investment Management Group raised its stake in shares of BWX Technologies by 87.6% in the second quarter. Schroder Investment Management Group now owns 1,442,966 shares of the technology company’s stock worth $75,178,000 after purchasing an additional 673,606 shares during the last quarter. William Blair Investment Management LLC raised its position in BWX Technologies by 10.4% during the second quarter. William Blair Investment Management LLC now owns 7,012,266 shares of the technology company’s stock valued at $365,339,000 after acquiring an additional 659,488 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in BWX Technologies during the second quarter valued at approximately $12,999,000. Invesco Ltd. raised its position in BWX Technologies by 16.9% during the second quarter. Invesco Ltd. now owns 1,594,660 shares of the technology company’s stock valued at $83,082,000 after acquiring an additional 231,113 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its position in BWX Technologies by 13.0% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,656,977 shares of the technology company’s stock valued at $86,328,000 after acquiring an additional 190,041 shares in the last quarter.
BWXT traded up $0.80 during trading on Friday, hitting $61.01. The company’s stock had a trading volume of 390,943 shares, compared to its average volume of 527,980. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 2.40. BWX Technologies Inc has a twelve month low of $35.91 and a twelve month high of $62.94. The business’s fifty day simple moving average is $57.35 and its 200 day simple moving average is $53.85. The firm 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 EPS for the quarter, beating the consensus estimate of $0.65 by $0.14. BWX Technologies had a return on equity of 90.98% and a net margin of 10.93%. The company had revenue of $506.00 million for the quarter, compared to analyst estimates of $486.02 million. During the same period last year, the company earned $0.40 earnings per share. BWX Technologies’s quarterly revenue was up 18.8% compared to the same quarter last year. As a group, equities research analysts forecast that BWX Technologies Inc will post 2.55 earnings per share for the current fiscal year.
In other BWX Technologies news, CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $54.73, for a total value of $54,730.00. Following the sale, the chief financial officer now directly owns 75,161 shares of the company’s stock, valued at $4,113,561.53. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.44% of the stock is currently owned by company insiders.
Several research analysts recently weighed in on BWXT shares. Barclays set a $55.00 price target on BWX Technologies and gave the company a “sell” rating in a research report on Tuesday, October 8th. ValuEngine cut BWX Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. Maxim Group reiterated a “buy” rating and set a $71.00 price target on shares of BWX Technologies in a research report on Wednesday, August 7th. Zacks Investment Research cut BWX Technologies from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Seaport Global Securities set a $62.00 price target on BWX Technologies and gave the company a “buy” rating in a research report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. BWX Technologies has a consensus rating of “Hold” and an average target price of $59.71.
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.
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