Macquarie Group Ltd. purchased a new stake in BWX Technologies, Inc. (NYSE:BWXT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 50,460 shares of the technology company’s stock, valued at approximately $2,827,000. Macquarie Group Ltd. owned approximately 0.05% of BWX Technologies at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BWXT. Creative Planning boosted its stake in shares of BWX Technologies by 20.4% in the 2nd quarter. Creative Planning now owns 4,045 shares of the technology company’s stock valued at $197,000 after purchasing an additional 685 shares in the last quarter. Aperio Group LLC boosted its stake in shares of BWX Technologies by 39.8% in the 2nd quarter. Aperio Group LLC now owns 26,674 shares of the technology company’s stock valued at $1,300,000 after purchasing an additional 7,590 shares in the last quarter. US Bancorp DE boosted its stake in shares of BWX Technologies by 218.0% in the 2nd quarter. US Bancorp DE now owns 4,045 shares of the technology company’s stock valued at $198,000 after purchasing an additional 2,773 shares in the last quarter. Sei Investments Co. boosted its stake in shares of BWX Technologies by 11.7% in the 2nd quarter. Sei Investments Co. now owns 357,850 shares of the technology company’s stock valued at $17,446,000 after purchasing an additional 37,370 shares in the last quarter. Finally, TD Asset Management Inc. boosted its stake in shares of BWX Technologies by 51.3% in the 2nd quarter. TD Asset Management Inc. now owns 37,827 shares of the technology company’s stock valued at $1,844,000 after purchasing an additional 12,827 shares in the last quarter. Institutional investors own 95.50% of the company’s stock.

BWX Technologies, Inc. (NYSE BWXT) opened at $61.76 on Tuesday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.59. BWX Technologies, Inc. has a fifty-two week low of $37.63 and a fifty-two week high of $62.85. The stock has a market cap of $6,151.10, a P/E ratio of 30.48, a price-to-earnings-growth ratio of 2.41 and a beta of 0.47.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, November 6th. The technology company reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. BWX Technologies had a net margin of 11.89% and a return on equity of 88.05%. The firm had revenue of $419.36 million during the quarter, compared to analyst estimates of $420.39 million. During the same quarter last year, the business earned $0.39 EPS. The company’s revenue was up 10.5% compared to the same quarter last year. sell-side analysts forecast that BWX Technologies, Inc. will post 2.08 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Monday, November 20th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.44 annualized dividend and a yield of 0.71%. BWX Technologies’s payout ratio is 22.45%.

In other BWX Technologies news, insider Harbour Group L.P. Blue sold 1,992,829 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $53.20, for a total transaction of $106,018,502.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman John A. Fees sold 21,453 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $60.21, for a total transaction of $1,291,685.13. Following the transaction, the chairman now owns 87,919 shares of the company’s stock, valued at approximately $5,293,602.99. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,016,282 shares of company stock valued at $107,429,118. Company insiders own 0.76% of the company’s stock.

A number of brokerages recently issued reports on BWXT. BidaskClub upgraded shares of BWX Technologies from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 26th. Bank of America raised their price objective on shares of BWX Technologies from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, October 5th. Zacks Investment Research upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Thursday, August 10th. ValuEngine lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Friday. Finally, Robert W. Baird began coverage on shares of BWX Technologies in a report on Tuesday, October 24th. They issued an “outperform” rating and a $70.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $61.67.

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

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