TD Asset Management Inc. reduced its holdings in shares of BWX Technologies Inc (NYSE:BWXT) by 3.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 201,362 shares of the technology company’s stock after selling 7,392 shares during the period. TD Asset Management Inc. owned approximately 0.21% of BWX Technologies worth $9,984,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in BWXT. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of BWX Technologies by 19.4% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,429 shares of the technology company’s stock worth $120,000 after buying an additional 394 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in BWX Technologies by 7.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,568 shares of the technology company’s stock valued at $251,000 after buying an additional 452 shares in the last quarter. OLD National Bancorp IN grew its position in BWX Technologies by 2.2% in the 1st quarter. OLD National Bancorp IN now owns 22,110 shares of the technology company’s stock valued at $1,096,000 after buying an additional 466 shares in the last quarter. First Mercantile Trust Co. lifted its holdings in BWX Technologies by 15.6% in the 4th quarter. First Mercantile Trust Co. now owns 3,684 shares of the technology company’s stock valued at $141,000 after acquiring an additional 496 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in BWX Technologies by 11.7% during the first quarter. BNP Paribas Arbitrage SA now owns 8,554 shares of the technology company’s stock valued at $424,000 after buying an additional 897 shares in the last quarter.
A number of research firms recently commented on BWXT. Zacks Investment Research downgraded BWX Technologies from a “hold” rating to a “sell” rating in a report on Monday, May 6th. TheStreet raised BWX Technologies from a “c+” rating to a “b-” rating in a report on Monday, April 29th. Maxim Group set a $68.00 price objective on BWX Technologies and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, Bank of America cut BWX Technologies from a “neutral” rating to an “underperform” rating and set a $52.00 price objective on the stock. in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $53.83.
BWX Technologies (NYSE:BWXT) last posted its earnings results on Wednesday, May 1st. The technology company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.09). The business had revenue of $416.45 million for the quarter, compared to analyst estimates of $465.11 million. BWX Technologies had a return on equity of 76.60% and a net margin of 11.91%. During the same period in the previous year, the firm posted $0.67 earnings per share. Equities analysts forecast that BWX Technologies Inc will post 2.47 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Friday, May 17th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Thursday, May 16th. BWX Technologies’s payout ratio is presently 28.45%.
In related news, CFO David S. Black sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $47.97, for a total transaction of $95,940.00. Following the transaction, the chief financial officer now directly owns 83,361 shares of the company’s stock, valued at approximately $3,998,827.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.44% of the stock is currently owned by insiders.
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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