Monarch Partners Asset Management LLC cut its position in BWX Technologies, Inc. (NYSE:BWXT) by 1.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 269,968 shares of the technology company’s stock after selling 3,672 shares during the period. BWX Technologies makes up approximately 1.3% of Monarch Partners Asset Management LLC’s holdings, making the stock its 20th largest position. Monarch Partners Asset Management LLC owned 0.27% of BWX Technologies worth $13,161,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of BWXT. Oppenheimer Asset Management Inc. purchased a new stake in BWX Technologies during the first quarter worth about $124,000. Creative Planning boosted its stake 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 period. US Bancorp DE boosted its stake 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 period. World Asset Management Inc purchased a new stake in BWX Technologies during the first quarter worth about $206,000. Finally, Parametrica Management Ltd purchased a new stake in BWX Technologies during the second quarter worth about $215,000. Hedge funds and other institutional investors own 95.44% of the company’s stock.
BWX Technologies, Inc. (BWXT) opened at 53.95 on Friday. The firm has a market cap of $5.36 billion, a price-to-earnings ratio of 28.51 and a beta of 0.45. BWX Technologies, Inc. has a 12 month low of $36.16 and a 12 month high of $54.53. The stock’s 50 day moving average is $50.64 and its 200-day moving average is $47.69.
BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, August 7th. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate 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 net margin of 11.81% and a return on equity of 107.13%. BWX Technologies’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 EPS. On average, analysts anticipate that BWX Technologies, Inc. will post $2.02 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Monday, August 21st will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Thursday, August 17th. BWX Technologies’s payout ratio is 23.28%.
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BWXT has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Zacks Investment Research cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Credit Suisse Group initiated coverage on shares of BWX Technologies in a report on Friday, June 9th. They set a “neutral” rating and a $51.00 price target for the company. Sidoti restated a “buy” rating and set a $62.00 price target on shares of BWX Technologies in a report on Wednesday, May 31st. Finally, Bank of America Corporation restated a “buy” rating and set a $55.00 price target on shares of BWX Technologies in a report on Thursday. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $52.83.
In related news, insider Harbour Group L.P. Blue sold 3,295,098 shares of BWX Technologies stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $47.43, for a total transaction of $156,286,498.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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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