Sterling Capital Management LLC Buys 6,961 Shares of BWX Technologies, Inc. (BWXT)
Sterling Capital Management LLC increased its stake in BWX Technologies, Inc. (NYSE:BWXT) by 12.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,975 shares of the technology company’s stock after acquiring an additional 6,961 shares during the period. Sterling Capital Management LLC owned approximately 0.06% of BWX Technologies worth $3,416,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in BWXT. Quantbot Technologies LP lifted its stake in BWX Technologies by 11.2% in the second quarter. Quantbot Technologies LP now owns 2,453 shares of the technology company’s stock worth $119,000 after purchasing an additional 248 shares during the last quarter. Federated Investors Inc. PA bought a new stake in BWX Technologies in the second quarter worth about $151,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in BWX Technologies by 23.5% in the second 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 during the last quarter. Globeflex Capital L P bought a new stake in BWX Technologies in the second quarter worth about $193,000. Finally, US Bancorp DE lifted its stake in BWX Technologies by 218.0% in the second 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 during the last quarter. 95.50% of the stock is owned by institutional investors and hedge funds.
Several analysts have issued reports on the stock. BidaskClub downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. ValuEngine raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Robert W. Baird began coverage on shares of BWX Technologies in a research note on Tuesday, October 24th. They set an “outperform” rating and a $70.00 price target for the company. SunTrust Banks reaffirmed a “buy” rating and set a $62.00 price target on shares of BWX Technologies in a research note on Monday, October 2nd. Finally, Wells Fargo & Company began coverage on shares of BWX Technologies in a research note on Monday, December 11th. They set a “market perform” rating and a $65.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $62.14.
BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, November 6th. The technology company reported $0.46 earnings per share for the quarter, meeting the Thomson Reuters’ 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 the consensus estimate of $420.39 million. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The company’s revenue was up 10.5% on a year-over-year basis. sell-side analysts expect that BWX Technologies, Inc. will post 2.07 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 13th. Stockholders of record on Monday, November 20th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Friday, November 17th. BWX Technologies’s dividend payout ratio is presently 22.45%.
In related news, CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $59.93, for a total transaction of $59,930.00. Following the transaction, the chief financial officer now directly owns 63,979 shares of the company’s stock, valued at $3,834,261.47. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman John A. Fees sold 21,453 shares of BWX Technologies stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $60.21, for a total transaction 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 have sold 24,453 shares of company stock worth $1,472,495. 0.76% of the stock is currently owned by corporate insiders.
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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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