Advisors Preferred LLC bought a new stake in shares of BWX Technologies Inc (NYSE:BWXT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,256 shares of the technology company’s stock, valued at approximately $140,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of BWXT. Brasada Capital Management LP boosted its position in BWX Technologies by 10.5% during the third quarter. Brasada Capital Management LP now owns 41,737 shares of the technology company’s stock worth $2,388,000 after purchasing an additional 3,972 shares in the last quarter. Man Group plc grew its holdings in BWX Technologies by 2.4% in the third quarter. Man Group plc now owns 99,171 shares of the technology company’s stock valued at $5,674,000 after purchasing an additional 2,314 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of BWX Technologies by 13.8% in the third quarter. Public Employees Retirement System of Ohio now owns 33,291 shares of the technology company’s stock valued at $1,905,000 after buying an additional 4,032 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of BWX Technologies by 1.4% in the third quarter. Parametric Portfolio Associates LLC now owns 306,218 shares of the technology company’s stock valued at $17,519,000 after buying an additional 4,178 shares in the last quarter. Finally, Comerica Bank increased its position in shares of BWX Technologies by 24.9% in the third quarter. Comerica Bank now owns 33,158 shares of the technology company’s stock valued at $1,903,000 after buying an additional 6,601 shares in the last quarter.
A number of research analysts have recently issued reports on the company. Barclays set a $55.00 target price on BWX Technologies and gave the company a “sell” rating in a research report on Tuesday, October 8th. Zacks Investment Research lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th. ValuEngine cut shares of BWX Technologies from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. Finally, Maxim Group increased their price objective on shares of BWX Technologies to and gave the company a “buy” rating in a report on Thursday, January 16th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $61.50.
NYSE:BWXT opened at $65.29 on Wednesday. BWX Technologies Inc has a 12 month low of $42.97 and a 12 month high of $66.71. The stock has a 50 day moving average of $63.39 and a two-hundred day moving average of $58.57. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 2.40. The firm has a market cap of $6.30 billion, a P/E ratio of 30.65, a price-to-earnings-growth ratio of 2.71 and a beta of 1.03.
BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, November 4th. The technology company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.14. The business had revenue of $506.00 million for the quarter, compared to the consensus estimate of $486.02 million. BWX Technologies had a return on equity of 90.98% and a net margin of 10.93%. The business’s quarterly revenue was up 18.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 earnings per share. On average, research analysts forecast that BWX Technologies Inc will post 2.56 earnings per share for the current year.
In related news, insider Joel W. Duling sold 1,600 shares of the business’s stock in a transaction dated 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 directly owns 16,801 shares in the company, valued at $1,022,676.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David S. Black sold 1,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $61.50, for a total transaction of $61,500.00. Insiders have sold 3,600 shares of company stock valued at $224,742 over the last quarter. 0.44% of the stock is owned by company 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.
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