Principal Financial Group Inc. Has $949,000 Stake in BWX Technologies, Inc. (BWXT)
Principal Financial Group Inc. lifted its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 4.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 19,462 shares of the technology company’s stock after acquiring an additional 867 shares during the period. Principal Financial Group Inc.’s holdings in BWX Technologies were worth $949,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. bought a new position in shares of BWX Technologies during the 1st quarter worth about $124,000. Federated Investors Inc. PA bought a new position in shares of BWX Technologies during the 2nd quarter worth about $151,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of BWX Technologies by 23.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,784 shares of the technology company’s stock worth $184,000 after acquiring an additional 721 shares during the period. Creative Planning lifted its holdings in shares of BWX Technologies by 20.4% during the 2nd quarter. Creative Planning now owns 4,045 shares of the technology company’s stock worth $197,000 after acquiring an additional 685 shares during the period. Finally, US Bancorp DE lifted its holdings in shares of BWX Technologies by 218.0% during the 2nd quarter. US Bancorp DE now owns 4,045 shares of the technology company’s stock worth $198,000 after acquiring an additional 2,773 shares during the period. 96.96% of the stock is owned by institutional investors.
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In other news, insider Harbour Group L.P. Blue sold 1,992,829 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $53.20, for a total value of $106,018,502.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jason S. Kerr sold 1,365 shares of the stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $54.13, for a total transaction of $73,887.45. Following the completion of the transaction, the vice president now directly owns 4,312 shares of the company’s stock, valued at approximately $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 in the last three months. Company insiders own 0.76% of the company’s stock.
A number of equities analysts have recently commented on the stock. ValuEngine downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. BidaskClub downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Friday, September 15th. SunTrust Banks, Inc. reissued a “buy” rating and set a $62.00 price target on shares of BWX Technologies in a report on Monday, October 2nd. Bank of America Corporation reissued a “buy” rating and set a $55.00 price target on shares of BWX Technologies in a report on Thursday, August 10th. Finally, Zacks Investment Research downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $57.17.
BWX Technologies, Inc. (NYSE BWXT) opened at 59.04 on Wednesday. The company has a market capitalization of $5.86 billion, a P/E ratio of 31.21 and a beta of 0.46. The company’s 50-day moving average is $55.23 and its 200 day moving average is $51.03. BWX Technologies, Inc. has a one year low of $36.16 and a one year high of $59.80.
BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, August 7th. The technology company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.09. The firm had revenue of $410.01 million during the quarter, compared to analysts’ expectations of $429.38 million. BWX Technologies had a net margin of 11.81% and a return on equity of 107.13%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 earnings per share. Analysts predict that BWX Technologies, Inc. will post $2.03 EPS for the current year.
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.
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