First Trust Advisors LP Makes New Investment in BWX Technologies Inc (NYSE:BWXT)

First Trust Advisors LP acquired a new position in shares of BWX Technologies Inc (NYSE:BWXT) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 12,977 shares of the technology company’s stock, valued at approximately $742,000.

A number of other hedge funds also recently modified their holdings of BWXT. Schroder Investment Management Group lifted its position in BWX Technologies by 87.6% during the second quarter. Schroder Investment Management Group now owns 1,442,966 shares of the technology company’s stock worth $75,178,000 after acquiring an additional 673,606 shares during the last quarter. William Blair Investment Management LLC lifted its position in BWX Technologies by 10.4% during the second quarter. William Blair Investment Management LLC now owns 7,012,266 shares of the technology company’s stock worth $365,339,000 after acquiring an additional 659,488 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in BWX Technologies during the second quarter worth approximately $12,999,000. Invesco Ltd. lifted its position in BWX Technologies by 16.9% during the second quarter. Invesco Ltd. now owns 1,594,660 shares of the technology company’s stock worth $83,082,000 after acquiring an additional 231,113 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its position in BWX Technologies by 13.0% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,656,977 shares of the technology company’s stock worth $86,328,000 after acquiring an additional 190,041 shares during the last quarter.

In other BWX Technologies news, CFO David S. Black sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $54.73, for a total transaction of $54,730.00. Following the completion of the transaction, the chief financial officer now directly owns 75,161 shares in the company, valued at $4,113,561.53. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Joel W. Duling sold 1,600 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $60.87, for a total transaction of $97,392.00. Following the transaction, the insider now owns 16,801 shares of the company’s stock, valued at $1,022,676.87. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,600 shares of company stock valued at $272,732. 0.44% of the stock is owned by company insiders.

Several brokerages have issued reports on BWXT. Barclays set a $55.00 price objective on shares of BWX Technologies and gave the stock a “sell” rating in a research report on Tuesday, October 8th. Maxim Group restated a “buy” rating and set a $71.00 price objective on shares of BWX Technologies in a research report on Wednesday, August 7th. ValuEngine downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. SunTrust Banks set a $55.00 price target on shares of BWX Technologies and gave the company a “hold” rating in a research report on Wednesday, August 7th. Finally, Zacks Investment Research downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $60.50.

NYSE BWXT opened at $58.98 on Tuesday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 2.40. BWX Technologies Inc has a 1-year low of $35.91 and a 1-year high of $62.94. The company has a 50 day moving average of $59.11 and a 200-day moving average of $55.03. The company has a market cap of $5.73 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 2.67 and a beta of 1.03.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.14. BWX Technologies had a net margin of 10.93% and a return on equity of 90.98%. The company had revenue of $506.00 million during the quarter, compared to the consensus estimate of $486.02 million. During the same period in the previous year, the business earned $0.40 earnings per share. The firm’s quarterly revenue was up 18.8% on a year-over-year basis. On average, equities research analysts forecast that BWX Technologies Inc will post 2.55 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 20th will be given a $0.17 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.15%. BWX Technologies’s payout ratio is 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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Institutional Ownership by Quarter for BWX Technologies (NYSE:BWXT)

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