Janney Montgomery Scott LLC Has $3.56 Million Stake in BWX Technologies, Inc. (BWXT)
Janney Montgomery Scott LLC trimmed its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 3.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 63,515 shares of the technology company’s stock after selling 2,182 shares during the period. Janney Montgomery Scott LLC owned approximately 0.06% of BWX Technologies worth $3,558,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in BWXT. Vanguard Group Inc. increased its holdings in BWX Technologies by 0.7% during the second quarter. Vanguard Group Inc. now owns 8,004,745 shares of the technology company’s stock worth $390,232,000 after buying an additional 58,159 shares during the last quarter. William Blair Investment Management LLC lifted its position in BWX Technologies by 11.8% during the second quarter. William Blair Investment Management LLC now owns 6,544,781 shares of the technology company’s stock worth $319,058,000 after purchasing an additional 691,035 shares during the period. BlackRock Inc. lifted its position in BWX Technologies by 6.7% during the second quarter. BlackRock Inc. now owns 5,374,992 shares of the technology company’s stock worth $262,030,000 after purchasing an additional 336,521 shares during the period. Artisan Partners Limited Partnership lifted its holdings in shares of BWX Technologies by 12.4% in the third quarter. Artisan Partners Limited Partnership now owns 4,609,767 shares of the technology company’s stock worth $258,239,000 after acquiring an additional 509,351 shares during the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of BWX Technologies by 11.1% in the second quarter. Capital Research Global Investors now owns 3,464,262 shares of the technology company’s stock worth $168,883,000 after acquiring an additional 345,797 shares during the last quarter. 95.50% of the stock is owned by institutional investors.
A number of analysts have weighed in on BWXT shares. BidaskClub raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. ValuEngine cut BWX Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Bank of America increased their target price on BWX Technologies from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, October 5th. Zacks Investment Research cut BWX Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, SunTrust Banks restated a “buy” rating and set a $62.00 price objective on shares of BWX Technologies in a research note on Monday, October 2nd. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $62.14.
BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, November 6th. The technology company reported $0.46 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. The firm had revenue of $419.36 million for the quarter, compared to analysts’ expectations of $420.39 million. BWX Technologies had a return on equity of 88.05% and a net margin of 11.89%. The business’s revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 earnings per share. research analysts anticipate that BWX Technologies, Inc. will post 2.07 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Stockholders of record on Monday, November 20th were paid a $0.11 dividend. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.73%. BWX Technologies’s dividend payout ratio is currently 22.45%.
In other news, CFO David S. Black sold 1,000 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $61.88, for a total value of $61,880.00. Following the sale, the chief financial officer now directly owns 62,979 shares of the company’s stock, valued at $3,897,140.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman John A. Fees sold 21,453 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $60.21, for a total value of $1,291,685.13. Following the transaction, the chairman now directly owns 87,919 shares in the company, valued at $5,293,602.99. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,453 shares of company stock worth $1,472,495. Insiders own 0.76% of the company’s stock.
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About BWX Technologies
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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