Barclays PLC Sells 18,220 Shares of BWX Technologies Inc (BWXT)

Barclays PLC lowered its stake in shares of BWX Technologies Inc (NYSE:BWXT) by 31.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,699 shares of the technology company’s stock after selling 18,220 shares during the quarter. Barclays PLC’s holdings in BWX Technologies were worth $1,518,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in BWXT. Comerica Bank lifted its position in shares of BWX Technologies by 8.7% in the third quarter. Comerica Bank now owns 29,239 shares of the technology company’s stock worth $1,749,000 after buying an additional 2,338 shares in the last quarter. MML Investors Services LLC acquired a new stake in shares of BWX Technologies in the third quarter worth $226,000. Commonwealth Bank of Australia acquired a new stake in shares of BWX Technologies in the third quarter worth $337,000. Piedmont Investment Advisors Inc. acquired a new stake in BWX Technologies during the 3rd quarter valued at $450,000. Finally, Bank of New York Mellon Corp grew its holdings in BWX Technologies by 22.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 991,339 shares of the technology company’s stock valued at $61,997,000 after purchasing an additional 182,138 shares in the last quarter.

In other news, VP Jason S. Kerr sold 6,000 shares of BWX Technologies 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 directly owns 8,213 shares of the company’s stock, valued at $402,108.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.44% of the company’s stock.

Several brokerages recently weighed in on BWXT. Zacks Investment Research upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research report on Tuesday, March 26th. Maxim Group lifted their target price on shares of BWX Technologies to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Finally, Bank of America cut shares of BWX Technologies from a “neutral” rating to an “underperform” rating and set a $52.00 price target for the company. in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $55.43.

Shares of BWXT traded up $0.08 during mid-day trading on Monday, hitting $52.13. 443,757 shares of the company’s stock were exchanged, compared to its average volume of 670,002. The stock has a market capitalization of $4.87 billion, a P/E ratio of 21.81, a P/E/G ratio of 2.44 and a beta of 0.98. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 3.20. BWX Technologies Inc has a 52 week low of $35.91 and a 52 week high of $72.18.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings data on Monday, February 25th. The technology company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.59 by $0.15. The company had revenue of $478.00 million during the quarter, compared to the consensus estimate of $475.02 million. BWX Technologies had a return on equity of 76.32% and a net margin of 12.61%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 EPS. On average, sell-side analysts anticipate that BWX Technologies Inc will post 2.5 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 11th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Friday, March 8th. This is a boost from BWX Technologies’s previous quarterly dividend of $0.16. BWX Technologies’s payout ratio is currently 28.45%.

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

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