Advisor Group Inc. Purchases 2,400 Shares of BWX Technologies Inc (BWXT)

Advisor Group Inc. raised its position in shares of BWX Technologies Inc (NYSE:BWXT) by 52.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,958 shares of the technology company’s stock after purchasing an additional 2,400 shares during the period. Advisor Group Inc.’s holdings in BWX Technologies were worth $421,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of BWXT. Cerebellum GP LLC acquired a new position in shares of BWX Technologies during the 4th quarter valued at about $128,000. American International Group Inc. acquired a new position in shares of BWX Technologies during the 4th quarter valued at about $134,000. Assetmark Inc. increased its holdings in shares of BWX Technologies by 402.7% during the 4th quarter. Assetmark Inc. now owns 2,222 shares of the technology company’s stock valued at $134,000 after acquiring an additional 1,780 shares during the last quarter. First Manhattan Co. acquired a new position in shares of BWX Technologies during the 4th quarter valued at about $184,000. Finally, CIBC Asset Management Inc acquired a new position in shares of BWX Technologies during the 4th quarter valued at about $204,000. 94.57% of the stock is owned by institutional investors.

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In other BWX Technologies news, CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $64.44, for a total value of $64,440.00. Following the sale, the chief financial officer now owns 71,874 shares of the company’s stock, valued at approximately $4,631,560.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 3,000 shares of company stock worth $186,350 in the last ninety days. Insiders own 0.76% of the company’s stock.

BWXT has been the topic of a number of analyst reports. Zacks Investment Research raised BWX Technologies from a “sell” rating to a “hold” rating and set a $69.00 price objective on the stock in a report on Tuesday, January 9th. SunTrust Banks reissued a “buy” rating and set a $70.00 price objective on shares of BWX Technologies in a report on Friday, January 19th. Alembic Global Advisors reissued a “buy” rating on shares of BWX Technologies in a report on Tuesday, March 6th. ValuEngine raised BWX Technologies from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Seaport Global Securities initiated coverage on BWX Technologies in a report on Wednesday, January 10th. They set a “buy” rating and a $72.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $65.44.

NYSE:BWXT opened at $63.53 on Friday. The company has a market capitalization of $6,320.47, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 2.26 and a beta of 0.51. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.68. BWX Technologies Inc has a 12-month low of $45.79 and a 12-month high of $67.69.

BWX Technologies (NYSE:BWXT) last released its earnings results on Tuesday, February 27th. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.01. The firm had revenue of $430.14 million for the quarter, compared to analyst estimates of $451.18 million. BWX Technologies had a return on equity of 77.24% and a net margin of 8.76%. research analysts expect that BWX Technologies Inc will post 2.52 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Monday, March 12th were issued a $0.16 dividend. The ex-dividend date was Friday, March 9th. This represents a $0.64 dividend on an annualized basis and a yield of 1.01%. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.11. BWX Technologies’s dividend payout ratio (DPR) is 31.22%.

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

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