BNP Paribas Arbitrage SA increased its position in BWX Technologies, Inc. (NYSE:BWXT) by 4,411.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 404,723 shares of the technology company’s stock after buying an additional 395,751 shares during the period. BNP Paribas Arbitrage SA owned about 0.41% of BWX Technologies worth $19,730,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. acquired a new position in BWX Technologies during the first quarter worth about $124,000. Creative Planning boosted its position in BWX Technologies by 130.1% in the first quarter. Creative Planning now owns 3,360 shares of the technology company’s stock worth $160,000 after buying an additional 1,900 shares during the last quarter. US Bancorp DE boosted its position 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 buying an additional 2,773 shares during the last quarter. World Asset Management Inc acquired a new position in BWX Technologies during the first quarter worth about $206,000. Finally, Parametrica Management Ltd acquired a new position in BWX Technologies during the second quarter worth about $215,000. 94.50% of the stock is owned by institutional investors and hedge funds.
Shares of BWX Technologies, Inc. (BWXT) opened at 53.29 on Friday. BWX Technologies, Inc. has a one year low of $36.16 and a one year high of $54.53. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 28.17 and a beta of 0.45. The stock has a 50 day moving average price of $51.81 and a 200-day moving average price of $48.20.
BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, August 7th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.09. The business had revenue of $410.01 million during the quarter, compared to the consensus estimate of $429.38 million. BWX Technologies had a return on equity of 107.13% and a net margin of 11.81%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 EPS. On average, equities research analysts expect that BWX Technologies, Inc. will post $2.03 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Monday, August 21st will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, August 17th. This represents a $0.44 annualized dividend and a dividend yield of 0.83%. BWX Technologies’s dividend payout ratio is currently 23.28%.
A number of research analysts have issued reports on the company. BidaskClub raised BWX Technologies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Bank of America Corporation reissued a “buy” rating and issued a $55.00 target price on shares of BWX Technologies in a research note on Thursday, August 10th. Sidoti restated a “buy” rating and issued a $62.00 price target on shares of BWX Technologies in a report on Wednesday, May 31st. Zacks Investment Research upgraded BWX Technologies from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Thursday, August 10th. Finally, Credit Suisse Group assumed coverage on BWX Technologies in a report on Friday, June 9th. They issued a “neutral” rating and a $51.00 price target on the stock. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $52.83.
In other BWX Technologies news, VP Jason S. Kerr sold 1,365 shares of BWX Technologies stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $54.13, for a total transaction of $73,887.45. Following the transaction, the vice president now owns 4,312 shares of the company’s stock, valued at approximately $233,408.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Harbour Group L.P. Blue sold 3,295,098 shares of BWX Technologies stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $47.43, for a total transaction of $156,286,498.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,311,463 shares of company stock worth $157,167,536. Insiders own 0.76% of the company’s stock.
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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