Principal Financial Group Inc. lowered its stake in shares of BWX Technologies Inc (NYSE:BWXT) by 60.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,645 shares of the technology company’s stock after selling 8,632 shares during the period. Principal Financial Group Inc.’s holdings in BWX Technologies were worth $359,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in BWXT. Millennium Management LLC raised its stake in shares of BWX Technologies by 123.4% during the 1st quarter. Millennium Management LLC now owns 667,318 shares of the technology company’s stock worth $42,395,000 after purchasing an additional 368,644 shares in the last quarter. Carillon Tower Advisers Inc. bought a new stake in BWX Technologies in the 1st quarter valued at $14,677,000. BlackRock Inc. raised its stake in BWX Technologies by 2.0% in the 1st quarter. BlackRock Inc. now owns 5,796,740 shares of the technology company’s stock valued at $368,267,000 after acquiring an additional 111,425 shares during the period. Natixis raised its stake in BWX Technologies by 445.4% in the 1st quarter. Natixis now owns 108,642 shares of the technology company’s stock valued at $6,902,000 after acquiring an additional 88,721 shares during the period. Finally, OMERS ADMINISTRATION Corp raised its stake in BWX Technologies by 126.5% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 115,300 shares of the technology company’s stock valued at $7,325,000 after acquiring an additional 64,400 shares during the period. Institutional investors own 95.27% of the company’s stock.

BWXT has been the topic of a number of research analyst reports. Zacks Investment Research upgraded BWX Technologies from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Monday, July 9th. Drexel Hamilton restated a “buy” rating and issued a $78.00 price target on shares of BWX Technologies in a research note on Thursday, June 21st. ValuEngine cut BWX Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 6th. SunTrust Banks increased their price target on BWX Technologies to $89.00 and gave the company a “buy” rating in a research note on Friday, May 4th. Finally, Wells Fargo & Co restated a “market perform” rating and issued a $65.00 price target on shares of BWX Technologies in a research note on Tuesday, May 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. BWX Technologies currently has an average rating of “Hold” and an average price target of $70.00.

In other BWX Technologies news, CFO David S. Black sold 1,000 shares of the company’s stock in a transaction on Monday, June 11th. The stock was sold at an average price of $67.29, for a total value of $67,290.00. Following the transaction, the chief financial officer now directly owns 68,874 shares of the company’s stock, valued at approximately $4,634,531.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph G. Henry sold 7,774 shares of the company’s stock in a transaction on Friday, June 8th. The shares were sold at an average price of $66.60, for a total value of $517,748.40. Following the completion of the transaction, the insider now directly owns 10,639 shares in the company, valued at $708,557.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,139 shares of company stock worth $798,650. Insiders own 0.52% of the company’s stock.

Shares of NYSE BWXT opened at $63.75 on Wednesday. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 1.72. BWX Technologies Inc has a one year low of $53.11 and a one year high of $72.18. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 2.23 and a beta of 0.51.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, August 6th. The technology company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.02). BWX Technologies had a net margin of 9.05% and a return on equity of 66.19%. The firm had revenue of $438.92 million during the quarter, compared to analyst estimates of $445.70 million. During the same period in the prior year, the company earned $0.56 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. equities analysts forecast that BWX Technologies Inc will post 2.54 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 7th. Shareholders of record on Monday, August 20th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Friday, August 17th. BWX Technologies’s dividend payout ratio is 31.22%.

BWX Technologies Company Profile

BWX Technologies, Inc manufactures and sells nuclear components to the United States government. The company operates in three segments: Nuclear Operations, Technical Services, and Nuclear Energy. The Nuclear Operations segment offers precision naval nuclear components and reactors; close-tolerance and equipment for nuclear applications; and components for defense applications, as well as critical nuclear components, fuels, and assemblies for government and other uses.

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

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