BWX Technologies, Inc. (BWXT) Position Raised by Paloma Partners Management Co

Paloma Partners Management Co raised its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 102.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,302 shares of the technology company’s stock after buying an additional 36,622 shares during the period. Paloma Partners Management Co owned about 0.07% of BWX Technologies worth $3,442,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Navellier & Associates Inc increased its position in shares of BWX Technologies by 2.5% in the first quarter. Navellier & Associates Inc now owns 7,627 shares of the technology company’s stock worth $363,000 after buying an additional 188 shares in the last quarter. M&T Bank Corp increased its position in shares of BWX Technologies by 5.1% in the first quarter. M&T Bank Corp now owns 6,906 shares of the technology company’s stock worth $328,000 after buying an additional 338 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of BWX Technologies by 2.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 37,997 shares of the technology company’s stock worth $1,507,000 after buying an additional 952 shares in the last quarter. Federated Investors Inc. PA increased its position in shares of BWX Technologies by 15.6% in the fourth quarter. Federated Investors Inc. PA now owns 9,701 shares of the technology company’s stock worth $385,000 after buying an additional 1,310 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of BWX Technologies by 15.8% in the first quarter. Pacer Advisors Inc. now owns 12,401 shares of the technology company’s stock worth $590,000 after buying an additional 1,690 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors.

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

BWX Technologies, Inc. (NYSE:BWXT) traded down 2.66% on Tuesday, reaching $46.92. The company had a trading volume of 457,245 shares. BWX Technologies, Inc. has a one year low of $33.85 and a one year high of $51.00. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 25.54 and a beta of 0.42. The company’s 50 day moving average is $48.82 and its 200-day moving average is $44.99.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, May 1st. The technology company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.09. The business had revenue of $428.23 million for the quarter, compared to analysts’ expectations of $391.71 million. BWX Technologies had a return on equity of 98.16% and a net margin of 11.63%. The business’s revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 EPS. On average, equities research analysts expect that BWX Technologies, Inc. will post $1.99 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 6th. Shareholders of record on Tuesday, May 16th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.94%. This is a boost from BWX Technologies’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, May 12th. BWX Technologies’s payout ratio is presently 24.04%.

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A number of brokerages have recently issued reports on BWXT. BidaskClub downgraded BWX Technologies from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Sidoti reissued a “buy” rating and issued a $62.00 price objective on shares of BWX Technologies in a research note on Wednesday, May 31st. Zacks Investment Research raised BWX Technologies from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Tuesday, March 21st. Credit Suisse Group started coverage on BWX Technologies in a research note on Friday, June 9th. They issued a “neutral” rating and a $51.00 price objective on the stock. Finally, TheStreet raised BWX Technologies from a “c+” rating to a “b” rating in a research note on Tuesday, March 21st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $51.50.

In other BWX Technologies news, insider Joseph G. Henry sold 32,895 shares of BWX Technologies stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $50.10, for a total transaction of $1,648,039.50. Following the sale, the insider now directly owns 32,616 shares of the company’s stock, valued at approximately $1,634,061.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Harbour Group L.P. Blue sold 3,295,098 shares of BWX Technologies stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $47.43, for a total value of $156,286,498.14. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

BWX Technologies Company 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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