Stanley Laman Group Ltd. boosted its holdings in shares of BWX Technologies Inc (NYSE:BWXT) by 0.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 92,643 shares of the technology company’s stock after purchasing an additional 563 shares during the period. BWX Technologies comprises 1.2% of Stanley Laman Group Ltd.’s portfolio, making the stock its 24th biggest holding. Stanley Laman Group Ltd. owned about 0.10% of BWX Technologies worth $4,827,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in BWXT. FMR LLC lifted its stake in BWX Technologies by 77.1% during the fourth quarter. FMR LLC now owns 1,202,335 shares of the technology company’s stock worth $45,965,000 after purchasing an additional 523,473 shares during the period. Copeland Capital Management LLC raised its stake in shares of BWX Technologies by 19.9% in the second quarter. Copeland Capital Management LLC now owns 610,621 shares of the technology company’s stock valued at $31,813,000 after acquiring an additional 101,141 shares during the last quarter. Millennium Management LLC bought a new position in shares of BWX Technologies in the fourth quarter valued at approximately $3,527,000. ZWJ Investment Counsel Inc. raised its stake in shares of BWX Technologies by 24.5% in the first quarter. ZWJ Investment Counsel Inc. now owns 384,061 shares of the technology company’s stock valued at $19,042,000 after acquiring an additional 75,689 shares during the last quarter. Finally, Citigroup Inc. raised its stake in shares of BWX Technologies by 116.8% in the first quarter. Citigroup Inc. now owns 131,875 shares of the technology company’s stock valued at $6,539,000 after acquiring an additional 71,050 shares during the last quarter.
Shares of NYSE:BWXT traded down $0.25 during trading on Wednesday, reaching $56.06. The stock had a trading volume of 13,263 shares, compared to its average volume of 558,755. BWX Technologies Inc has a 52 week low of $35.91 and a 52 week high of $64.68. The firm has a 50-day simple moving average of $52.96. The company has a debt-to-equity ratio of 2.91, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market cap of $5.32 billion, a PE ratio of 23.42, a PEG ratio of 2.59 and a beta of 1.05.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, August 15th. BWX Technologies’s dividend payout ratio (DPR) is presently 28.45%.
In related news, CFO David S. Black sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $50.50, for a total value of $101,000.00. Following the completion of the transaction, the chief financial officer now owns 81,361 shares in the company, valued at approximately $4,108,730.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John A. Fees sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $57.15, for a total transaction of $3,429,000.00. The disclosure for this sale can be found here. Insiders sold a total of 66,000 shares of company stock valued at $3,734,950 in the last 90 days. 0.44% of the stock is currently owned by corporate insiders.
BWXT has been the subject of a number of research analyst reports. Maxim Group reiterated a “buy” rating and issued a $71.00 target price on shares of BWX Technologies in a research note on Wednesday, August 7th. Zacks Investment Research upgraded shares of BWX Technologies from a “sell” rating to a “hold” rating in a research note on Monday, July 1st. Seaport Global Securities set a $62.00 target price on shares of BWX Technologies and gave the company a “buy” rating in a research note on Wednesday, August 7th. SunTrust Banks set a $55.00 target price on shares of BWX Technologies and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, TheStreet upgraded shares of BWX Technologies from a “c+” rating to a “b-” rating in a research note on Monday, April 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $56.43.
BWX Technologies Company 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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