2,119 Shares in BWX Technologies Inc (NYSE:BWXT) Purchased by Cerebellum GP LLC

Cerebellum GP LLC acquired a new position in BWX Technologies Inc (NYSE:BWXT) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,119 shares of the technology company’s stock, valued at approximately $128,000.

A number of other institutional investors have also made changes to their positions in BWXT. William Blair Investment Management LLC increased its position in BWX Technologies by 10.4% in the 2nd quarter. William Blair Investment Management LLC now owns 7,012,266 shares of the technology company’s stock worth $365,339,000 after purchasing an additional 659,488 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in BWX Technologies by 13.0% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,656,977 shares of the technology company’s stock worth $86,328,000 after purchasing an additional 190,041 shares during the last quarter. Invesco Ltd. increased its position in BWX Technologies by 16.9% in the 2nd quarter. Invesco Ltd. now owns 1,594,660 shares of the technology company’s stock worth $83,082,000 after purchasing an additional 231,113 shares during the last quarter. Schroder Investment Management Group increased its position in BWX Technologies by 87.6% in the 2nd quarter. Schroder Investment Management Group now owns 1,442,966 shares of the technology company’s stock worth $75,178,000 after purchasing an additional 673,606 shares during the last quarter. Finally, Royal Bank of Canada increased its position in BWX Technologies by 10.9% in the 2nd quarter. Royal Bank of Canada now owns 720,029 shares of the technology company’s stock worth $37,512,000 after purchasing an additional 70,625 shares during the last quarter.

Shares of BWXT stock opened at $56.17 on Thursday. The company has a debt-to-equity ratio of 2.91, a current ratio of 1.86 and a quick ratio of 1.86. BWX Technologies Inc has a fifty-two week low of $35.91 and a fifty-two week high of $61.14. The stock’s 50-day moving average is $57.95 and its two-hundred day moving average is $53.05. The firm has a market cap of $5.29 billion, a P/E ratio of 23.50, a PEG ratio of 2.53 and a beta of 1.04.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, August 5th. The technology company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.10. The business had revenue of $471.00 million for the quarter, compared to analyst estimates of $440.45 million. BWX Technologies had a return on equity of 83.20% and a net margin of 11.60%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.58 EPS. As a group, research analysts expect that BWX Technologies Inc will post 2.49 EPS for the current year.

Several research analysts have weighed in on BWXT shares. SunTrust Banks set a $55.00 target price on BWX Technologies and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Seaport Global Securities set a $62.00 target price on BWX Technologies and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Barclays set a $55.00 target price on BWX Technologies and gave the stock a “sell” rating in a research report on Tuesday, October 8th. Maxim Group reaffirmed a “buy” rating and issued a $71.00 target price on shares of BWX Technologies in a research report on Wednesday, August 7th. Finally, Zacks Investment Research raised BWX Technologies from a “sell” rating to a “hold” rating in a research report on Monday, July 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $56.25.

In other news, Director John A. Fees sold 60,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $57.15, for a total transaction of $3,429,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO David S. Black sold 1,000 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $56.67, for a total value of $56,670.00. Following the transaction, the chief financial officer now directly owns 79,361 shares in the company, valued at approximately $4,497,387.87. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,000 shares of company stock worth $3,599,510. 0.44% of the stock is currently owned by insiders.

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.

Featured Article: Basic Economics creates winners and losers

Want to see what other hedge funds are holding BWXT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BWX Technologies Inc (NYSE:BWXT).

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

Receive News & Ratings for BWX Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BWX Technologies and related companies with MarketBeat.com's FREE daily email newsletter.