Aperio Group LLC Has $1.74 Million Stake in BWX Technologies Inc (BWXT)

Aperio Group LLC grew its stake in BWX Technologies Inc (NYSE:BWXT) by 3.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,838 shares of the technology company’s stock after purchasing an additional 941 shares during the period. Aperio Group LLC’s holdings in BWX Technologies were worth $1,741,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. CENTRAL TRUST Co bought a new stake in BWX Technologies during the 3rd quarter worth approximately $100,000. Destination Wealth Management grew its position in BWX Technologies by 2,867.8% during the 2nd quarter. Destination Wealth Management now owns 1,751 shares of the technology company’s stock worth $109,000 after acquiring an additional 1,692 shares during the last quarter. Fort L.P. bought a new stake in BWX Technologies during the 2nd quarter worth approximately $118,000. First Manhattan Co. bought a new stake in BWX Technologies during the 3rd quarter worth approximately $125,000. Finally, Point72 Hong Kong Ltd grew its position in BWX Technologies by 2,445.8% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,113 shares of the technology company’s stock worth $132,000 after acquiring an additional 2,030 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

A number of research firms recently commented on BWXT. Credit Suisse Group decreased their price target on BWX Technologies from $60.00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday. Bank of America decreased their price target on BWX Technologies from $70.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday. ValuEngine lowered BWX Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday. SunTrust Banks lowered BWX Technologies from a “buy” rating to a “hold” rating and decreased their price target for the stock from $79.00 to $48.00 in a research report on Wednesday. Finally, Zacks Investment Research upgraded BWX Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $62.38.

Shares of BWXT opened at $47.29 on Friday. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 2.14 and a beta of 0.58. The company has a debt-to-equity ratio of 1.72, a quick ratio of 2.88 and a current ratio of 2.88. BWX Technologies Inc has a 52 week low of $44.50 and a 52 week high of $72.18.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Tuesday, November 6th. The technology company reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.22). The firm had revenue of $425.50 million during the quarter, compared to the consensus estimate of $461.26 million. BWX Technologies had a net margin of 10.81% and a return on equity of 68.96%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 earnings per share. Analysts forecast that BWX Technologies Inc will post 2.25 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Tuesday, November 20th will be given a $0.16 dividend. The ex-dividend date of this dividend is Monday, November 19th. This represents a $0.64 dividend on an annualized basis and a yield of 1.35%. BWX Technologies’s payout ratio is 31.22%.

In other BWX Technologies news, VP Jason S. Kerr sold 1,365 shares of the stock in a transaction on Monday, August 20th. The stock was sold at an average price of $64.06, for a total value of $87,441.90. Following the transaction, the vice president now directly owns 9,132 shares in the company, valued at approximately $584,995.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David S. Black sold 1,000 shares of the stock in a transaction on Monday, August 13th. The shares were sold at an average price of $62.40, for a total value of $62,400.00. Following the completion of the transaction, the chief financial officer now owns 70,570 shares in the company, valued at $4,403,568. The disclosure for this sale can be found here. Insiders sold a total of 4,365 shares of company stock worth $269,062 over the last quarter. Corporate insiders own 0.76% of the company’s stock.

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

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