Pacer Advisors Inc. bought a new position in shares of BWX Technologies, Inc. (NYSE:BWXT – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 16,000 shares of the technology company’s stock, valued at approximately $1,145,000.
A number of other large investors also recently modified their holdings of BWXT. JPMorgan Chase & Co. raised its holdings in shares of BWX Technologies by 23.7% in the 1st quarter. JPMorgan Chase & Co. now owns 170,652 shares of the technology company’s stock worth $9,191,000 after acquiring an additional 32,688 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in BWX Technologies during the 1st quarter worth approximately $207,000. American Century Companies Inc. raised its stake in shares of BWX Technologies by 14.8% in the first quarter. American Century Companies Inc. now owns 14,741 shares of the technology company’s stock worth $794,000 after purchasing an additional 1,902 shares during the last quarter. HighTower Advisors LLC purchased a new position in shares of BWX Technologies during the first quarter valued at approximately $209,000. Finally, MetLife Investment Management LLC bought a new stake in BWX Technologies during the first quarter worth $266,000. 96.98% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, Director Robert L. Nardelli purchased 2,000 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were purchased at an average cost of $71.23 per share, for a total transaction of $142,460.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $142,460. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Gerhard F. Burbach sold 1,000 shares of BWX Technologies stock in a transaction on Monday, August 14th. The stock was sold at an average price of $74.07, for a total transaction of $74,070.00. Following the completion of the sale, the director now owns 1,391 shares of the company’s stock, valued at $103,031.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert L. Nardelli bought 2,000 shares of BWX Technologies stock in a transaction that occurred on Friday, August 18th. The shares were acquired at an average price of $71.23 per share, with a total value of $142,460.00. Following the completion of the transaction, the director now owns 2,000 shares of the company’s stock, valued at $142,460. The disclosure for this purchase can be found here. 0.38% of the stock is owned by corporate insiders.
BWX Technologies Stock Performance
BWX Technologies (NYSE:BWXT – Get Free Report) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. The company had revenue of $612.40 million for the quarter, compared to analyst estimates of $558.25 million. BWX Technologies had a net margin of 9.63% and a return on equity of 35.25%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 earnings per share. On average, analysts expect that BWX Technologies, Inc. will post 2.96 earnings per share for the current year.
BWX Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Thursday, August 17th were issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, August 16th. This represents a $0.92 dividend on an annualized basis and a yield of 1.24%. BWX Technologies’s dividend payout ratio (DPR) is 37.55%.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on BWXT shares. Robert W. Baird upgraded BWX Technologies from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $61.00 to $85.00 in a research note on Friday, August 4th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of BWX Technologies in a research report on Wednesday. They set a “buy” rating on the stock. Truist Financial upped their price objective on shares of BWX Technologies from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, August 14th. Maxim Group lifted their target price on shares of BWX Technologies from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, August 7th. Finally, Barclays upped their target price on BWX Technologies from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, BWX Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $79.17.
Read Our Latest Analysis on BWX Technologies
About BWX Technologies
BWX Technologies, Inc, together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments: Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; undertakes fabrication activities for missile launch tubes for U.S.
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