California Public Employees Retirement System increased its stake in BWX Technologies, Inc. (NYSE:BWXT) by 1.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 269,700 shares of the technology company’s stock after purchasing an additional 4,500 shares during the period. California Public Employees Retirement System owned 0.27% of BWX Technologies worth $13,148,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in BWXT. Oppenheimer Asset Management Inc. acquired a new stake in BWX Technologies in the 1st quarter worth approximately $124,000. Federated Investors Inc. PA acquired a new stake in BWX Technologies in the 2nd quarter worth approximately $151,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake 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 worth $184,000 after purchasing an additional 721 shares in the last quarter. Creative Planning boosted its stake in BWX Technologies by 20.4% in the 2nd quarter. Creative Planning now owns 4,045 shares of the technology company’s stock worth $197,000 after purchasing an additional 685 shares in the last quarter. Finally, US Bancorp DE boosted its stake in BWX Technologies by 218.0% in the 2nd quarter. US Bancorp DE now owns 4,045 shares of the technology company’s stock worth $198,000 after purchasing an additional 2,773 shares in the last quarter. Institutional investors own 96.95% of the company’s stock.

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A number of research firms recently commented on BWXT. ValuEngine cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Monday. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $62.00 target price on shares of BWX Technologies in a research note on Monday. BidaskClub upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Bank of America Corporation reiterated a “buy” rating and issued a $55.00 target price on shares of BWX Technologies in a research note on Thursday, August 10th. Finally, Zacks Investment Research upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Thursday, August 10th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. BWX Technologies presently has an average rating of “Buy” and a consensus target price of $55.50.

Shares of BWX Technologies, Inc. (NYSE:BWXT) opened at 56.88 on Thursday. The firm’s 50-day moving average is $54.58 and its 200 day moving average is $50.66. BWX Technologies, Inc. has a 52 week low of $36.16 and a 52 week high of $57.70. The firm has a market capitalization of $5.65 billion, a PE ratio of 30.06 and a beta of 0.46.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, August 7th. The technology company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.09. The business had revenue of $410.01 million during the quarter, compared to the consensus estimate of $429.38 million. BWX Technologies had a return on equity of 107.13% and a net margin of 11.81%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 earnings per share. On average, equities analysts forecast that BWX Technologies, Inc. will post $2.03 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Monday, August 21st were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Thursday, August 17th. BWX Technologies’s payout ratio is currently 23.28%.

In other news, insider Harbour Group L.P. Blue sold 1,992,829 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $53.20, for a total value of $106,018,502.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jason S. Kerr sold 1,365 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $54.13, for a total value of $73,887.45. Following the completion of the sale, the vice president now directly owns 4,312 shares of the company’s stock, valued at $233,408.56. The disclosure for this sale can be found here. Insiders sold 2,009,194 shares of company stock valued at $106,899,540 over the last three months. Corporate insiders own 0.76% of the company’s stock.

BWX Technologies Company 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.

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

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