BWX Technologies, Inc. $BWXT Shares Purchased by Strs Ohio

Strs Ohio raised its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 3.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,181 shares of the technology company’s stock after purchasing an additional 1,081 shares during the quarter. Strs Ohio’s holdings in BWX Technologies were worth $4,636,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of BWXT. Hantz Financial Services Inc. grew its position in shares of BWX Technologies by 861.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 202 shares of the technology company’s stock worth $29,000 after acquiring an additional 181 shares in the last quarter. Stone House Investment Management LLC acquired a new position in shares of BWX Technologies in the 1st quarter worth approximately $31,000. Compass Financial Services Inc acquired a new position in shares of BWX Technologies in the 1st quarter worth approximately $33,000. HHM Wealth Advisors LLC grew its position in shares of BWX Technologies by 34.5% in the 1st quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company’s stock worth $38,000 after acquiring an additional 100 shares in the last quarter. Finally, National Bank of Canada FI grew its position in shares of BWX Technologies by 369.7% in the 1st quarter. National Bank of Canada FI now owns 559 shares of the technology company’s stock worth $55,000 after acquiring an additional 440 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BWXT. Weiss Ratings lowered BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Truist Financial raised their price target on BWX Technologies from $145.00 to $173.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. William Blair reissued an “outperform” rating on shares of BWX Technologies in a report on Wednesday, September 17th. Wedbush reissued an “outperform” rating on shares of BWX Technologies in a report on Wednesday, October 1st. Finally, Zacks Research raised BWX Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, BWX Technologies currently has an average rating of “Moderate Buy” and an average price target of $168.08.

Insider Buying and Selling

In other news, Director Leland D. Melvin sold 600 shares of BWX Technologies stock in a transaction on Monday, August 11th. The stock was sold at an average price of $178.26, for a total transaction of $106,956.00. Following the transaction, the director owned 5,579 shares in the company, valued at approximately $994,512.54. The trade was a 9.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Omar Fathi Meguid sold 2,261 shares of BWX Technologies stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $179.84, for a total value of $406,618.24. Following the transaction, the senior vice president owned 2,361 shares in the company, valued at $424,602.24. This represents a 48.92% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 29,953 shares of company stock valued at $5,359,758. Insiders own 0.47% of the company’s stock.

BWX Technologies Stock Down 0.1%

BWXT opened at $213.64 on Monday. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $218.50. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69. The stock’s fifty day moving average is $183.78 and its 200-day moving average is $152.34. The company has a market capitalization of $19.53 billion, a PE ratio of 66.76, a P/E/G ratio of 4.24 and a beta of 0.78.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, August 4th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.23. The company had revenue of $764.00 million for the quarter, compared to the consensus estimate of $708.00 million. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.82 EPS. On average, equities analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Profile

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; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.