Zacks Investment Research cut shares of BWX Technologies Inc. (NYSE:BWXT) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

According to Zacks, “BWX Technologies, Inc. supplies precision manufactured components and services to the commercial nuclear power industry. The company offers technical, management and site services to governments in complex facilities and environmental remediation activities. It operates primarily in Lynchburg, Va., Ohio and Cambridge, Ontario. BWX Technologies, Inc., formerly known as Babcock & Wilcox Company, is headquartered in Lynchburg, Va. “

BWX Technologies (NYSE:BWXT) opened at 37.75 on Tuesday. BWX Technologies has a 12 month low of $26.89 and a 12 month high of $39.70. The stock’s 50 day moving average is $38.76 and its 200-day moving average is $36.06. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 19.19 and a beta of 0.49.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.06. BWX Technologies had a net margin of 14.07% and a return on equity of 60.44%. The company had revenue of $402.38 million for the quarter, compared to the consensus estimate of $367.04 million. During the same period in the prior year, the firm posted $0.32 EPS. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. On average, equities research analysts expect that BWX Technologies will post $1.66 earnings per share for the current year.

In other news, insider Joseph G. Henry sold 16,032 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $39.28, for a total value of $629,736.96. Following the completion of the sale, the insider now owns 36,425 shares in the company, valued at approximately $1,430,774. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP James D. Canafax sold 4,500 shares of the firm’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $38.29, for a total transaction of $172,305.00. Following the completion of the sale, the senior vice president now owns 72,100 shares of the company’s stock, valued at approximately $2,760,709. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Nuveen Asset Management LLC increased its position in shares of BWX Technologies by 34.9% in the first quarter. Nuveen Asset Management LLC now owns 93,089 shares of the company’s stock worth $3,124,000 after buying an additional 24,108 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of BWX Technologies by 390.5% in the first quarter. Renaissance Technologies LLC now owns 961,800 shares of the company’s stock worth $32,278,000 after buying an additional 765,700 shares in the last quarter. HBK Investments L P increased its position in shares of BWX Technologies by 52.9% in the first quarter. HBK Investments L P now owns 194,841 shares of the company’s stock worth $6,539,000 after buying an additional 67,385 shares in the last quarter. Geode Capital Management LLC increased its position in shares of BWX Technologies by 2.6% in the first quarter. Geode Capital Management LLC now owns 654,093 shares of the company’s stock worth $21,951,000 after buying an additional 16,493 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its position in shares of BWX Technologies by 4.7% in the first quarter. Loomis Sayles & Co. L P now owns 1,562,480 shares of the company’s stock worth $52,437,000 after buying an additional 69,917 shares in the last quarter. Institutional investors own 94.36% of the company’s stock.

BWX Technologies Company Profile

BWX Technologies, Inc, formerly The Babcock & Wilcox Company, 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.

5 Day Chart for NYSE:BWXT

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