Cubist Systematic Strategies LLC Purchases 15,674 Shares of BWX Technologies, Inc. (BWXT)

Cubist Systematic Strategies LLC increased its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 349.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,160 shares of the technology company’s stock after acquiring an additional 15,674 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in BWX Technologies were worth $1,129,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in BWXT. Quantbot Technologies LP raised its holdings in BWX Technologies by 11.2% in the 2nd quarter. Quantbot Technologies LP now owns 2,453 shares of the technology company’s stock valued at $119,000 after buying an additional 248 shares during the period. Federated Investors Inc. PA purchased a new stake in BWX Technologies in the 2nd quarter valued at about $151,000. Crossmark Global Holdings Inc. purchased a new stake in BWX Technologies in the 3rd quarter valued at about $208,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in BWX Technologies by 23.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,784 shares of the technology company’s stock valued at $184,000 after buying an additional 721 shares during the period. Finally, Globeflex Capital L P purchased a new stake in BWX Technologies in the 2nd quarter valued at about $193,000. 95.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of BWX Technologies, Inc. (NYSE:BWXT) opened at $61.04 on Tuesday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.81 and a current ratio of 1.81. The stock has a market cap of $6,055.67, a PE ratio of 30.01, a price-to-earnings-growth ratio of 2.63 and a beta of 0.47. BWX Technologies, Inc. has a one year low of $37.98 and a one year high of $62.85.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, November 6th. The technology company reported $0.46 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.46. The company had revenue of $419.36 million for the quarter, compared to analyst estimates of $420.39 million. BWX Technologies had a net margin of 11.89% and a return on equity of 88.05%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 earnings per share. sell-side analysts anticipate that BWX Technologies, Inc. will post 2.07 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Monday, November 20th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.44 dividend on an annualized basis and a yield of 0.72%. BWX Technologies’s dividend payout ratio (DPR) is presently 22.45%.

Several analysts recently issued reports on BWXT shares. BidaskClub upgraded shares of BWX Technologies from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 26th. Zacks Investment Research lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. ValuEngine upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Robert W. Baird started coverage on shares of BWX Technologies in a report on Tuesday, October 24th. They issued an “outperform” rating and a $70.00 price objective on the stock. Finally, Bank of America boosted their price objective on shares of BWX Technologies from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, October 5th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $62.14.

In other BWX Technologies news, Chairman John A. Fees sold 21,453 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $60.21, for a total transaction of $1,291,685.13. Following the sale, the chairman now directly owns 87,919 shares in the company, valued at $5,293,602.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David S. Black sold 1,000 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $59.93, for a total transaction of $59,930.00. Following the sale, the chief financial officer now owns 63,979 shares in the company, valued at $3,834,261.47. The disclosure for this sale can be found here. Insiders have sold 24,453 shares of company stock worth $1,472,495 over the last quarter. Insiders own 0.76% of the company’s stock.

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

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