Janus Henderson Group PLC cut its stake in BWX Technologies Inc (NYSE:BWXT) by 3.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,914,835 shares of the technology company’s stock after selling 62,866 shares during the quarter. Janus Henderson Group PLC owned about 2.01% of BWX Technologies worth $94,938,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of BWX Technologies by 19.4% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,429 shares of the technology company’s stock worth $120,000 after acquiring an additional 394 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of BWX Technologies by 7.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,568 shares of the technology company’s stock worth $251,000 after purchasing an additional 452 shares during the last quarter. First Mercantile Trust Co. increased its position in shares of BWX Technologies by 15.6% during the 4th quarter. First Mercantile Trust Co. now owns 3,684 shares of the technology company’s stock worth $141,000 after purchasing an additional 496 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of BWX Technologies by 11.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 8,554 shares of the technology company’s stock worth $424,000 after purchasing an additional 897 shares during the last quarter. Finally, Pier Capital LLC increased its position in shares of BWX Technologies by 9.9% during the 1st quarter. Pier Capital LLC now owns 10,225 shares of the technology company’s stock worth $507,000 after purchasing an additional 923 shares during the last quarter.
A number of equities analysts recently commented on BWXT shares. Maxim Group set a $68.00 target price on BWX Technologies and gave the company a “buy” rating in a report on Thursday, May 2nd. Zacks Investment Research cut BWX Technologies from a “hold” rating to a “sell” rating in a report on Monday, May 6th. Bank of America cut BWX Technologies from a “neutral” rating to an “underperform” rating and set a $52.00 target price for the company. in a report on Friday, March 1st. Finally, TheStreet upgraded BWX Technologies from a “c+” rating to a “b-” rating in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $53.83.
In other news, VP Jason S. Kerr sold 6,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $48.96, for a total transaction of $293,760.00. Following the sale, the vice president now owns 8,213 shares of the company’s stock, valued at approximately $402,108.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David S. Black sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $47.97, for a total value of $95,940.00. Following the sale, the chief financial officer now directly owns 83,361 shares in the company, valued at approximately $3,998,827.17. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by company insiders.
Shares of BWXT traded down $0.07 during midday trading on Wednesday, hitting $47.88. The company had a trading volume of 581,000 shares, compared to its average volume of 605,594. The company has a debt-to-equity ratio of 3.52, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a market capitalization of $4.55 billion, a PE ratio of 20.03, a PEG ratio of 2.20 and a beta of 0.97. BWX Technologies Inc has a 1 year low of $35.91 and a 1 year high of $68.03.
BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.09). The company had revenue of $416.45 million during the quarter, compared to analysts’ expectations of $465.11 million. BWX Technologies had a net margin of 11.91% and a return on equity of 76.60%. During the same quarter in the previous year, the business posted $0.67 EPS. Analysts predict that BWX Technologies Inc will post 2.47 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Friday, May 17th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, May 16th. BWX Technologies’s payout ratio is presently 28.45%.
About BWX Technologies
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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