Janus Capital Management LLC reduced its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 36.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 224,400 shares of the technology company’s stock after selling 129,300 shares during the period. Janus Capital Management LLC owned 0.23% of BWX Technologies worth $10,681,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in BWXT. Federated Investors Inc. PA boosted its stake in 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. Guggenheim Capital LLC boosted its stake in BWX Technologies by 54.7% in the fourth quarter. Guggenheim Capital LLC now owns 44,154 shares of the technology company’s stock worth $1,753,000 after buying an additional 15,614 shares in the last quarter. Teachers Advisors LLC boosted its stake in BWX Technologies by 17.9% in the fourth quarter. Teachers Advisors LLC now owns 217,933 shares of the technology company’s stock worth $8,652,000 after buying an additional 33,124 shares in the last quarter. Creative Planning boosted its stake in BWX Technologies by 130.1% in the first quarter. Creative Planning now owns 3,360 shares of the technology company’s stock worth $160,000 after buying an additional 1,900 shares in the last quarter. Finally, Cutler Group LP boosted its stake in BWX Technologies by 147.2% in the first quarter. Cutler Group LP now owns 20,895 shares of the technology company’s stock worth $994,000 after buying an additional 65,206 shares in the last quarter. 96.54% of the stock is owned by institutional investors.
BWX Technologies, Inc. (NYSE:BWXT) opened at 49.40 on Wednesday. The stock has a 50 day moving average of $48.13 and a 200-day moving average of $45.35. The firm has a market cap of $4.89 billion, a P/E ratio of 26.89 and a beta of 0.44. BWX Technologies, Inc. has a 12 month low of $35.34 and a 12 month high of $51.00.
BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, May 1st. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.09. The firm had revenue of $428.23 million for the quarter, compared to analysts’ expectations of $391.71 million. BWX Technologies had a net margin of 11.63% and a return on equity of 98.16%. The business’s revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the business earned $0.44 earnings per share. Equities research analysts predict that BWX Technologies, Inc. will post $1.99 earnings per share for the current fiscal year.
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A number of analysts have recently issued reports on the stock. Zacks Investment Research cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. BidaskClub upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Credit Suisse Group initiated coverage on shares of BWX Technologies in a research report on Friday, June 9th. They issued a “neutral” rating and a $51.00 target price for the company. Sidoti restated a “buy” rating and issued a $62.00 target price on shares of BWX Technologies in a research report on Wednesday, May 31st. Finally, TheStreet upgraded shares of BWX Technologies from a “c+” rating to a “b” rating in a research report on Tuesday, March 21st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. BWX Technologies currently has an average rating of “Buy” and an average price target of $51.50.
In other BWX Technologies news, insider Joseph G. Henry sold 32,895 shares of the business’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $50.10, for a total value of $1,648,039.50. Following the completion of the transaction, the insider now owns 32,616 shares of the company’s stock, valued at approximately $1,634,061.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Harbour Group L.P. Blue sold 3,295,098 shares of the business’s stock in a transaction dated Wednesday, June 7th. The stock was 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. Company insiders own 0.76% of the company’s stock.
About BWX Technologies
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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