Finally, World Asset Management Inc purchased a new position in BWX Technologies during the first quarter worth approximately $206,000. William Blair Investment Management LLC boosted its stake in BWX Technologies by 83.4% in the first quarter. Cadence Capital Management LLC owns 26,261 shares with a value of $1,280,000. Artisan Partners Limited Partnership boosted its position in BWX Technologies by 45.9% in the first quarter.
Sei Investments Co. raised its stake in shares of BWX Technologies, Inc. BWX Technologies's revenue for the quarter was up 1.9% compared to the same quarter a year ago. Finally, Spot Trading L.L.C. boosted its position in BWX Technologies by 60.3% in the first quarter. Shares saw a steep increase in trading volume of 138.76% over the normal average daily volume. Hedge funds and other institutional investors own 95.29% of the company's stock.
ILLEGAL ACTIVITY NOTICE: This piece was published by Community Financial News and is owned by of Community Financial News. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BWX Technologies, Inc. with MarketBeat.com's FREE daily email newsletter.
The company is so far trading up since yesterday's close of $52.98.
BWX Technologies, Inc. has a 50 day moving average of 49.51 and a 200 day moving average of 47.21.
BWX Technologies, Inc. has a 12 month low of $36.16 and a 12 month high of $53.60. The company has a market cap of $645.73B and its 12 month revenue was nearly $99.28B. Next quarter's EPS is forecasted to be $0.46 and the next full year EPS is projected to be $2.18. The firm had revenue of $410.01 million during the quarter, compared to analyst estimates of $429.38 million. BWX Technologies had a return on equity of 98.16% and a net margin of 11.63%. The firm's revenue was up 17.4% on a year-over-year basis. As of the last earnings report the EPS was $1.84 and is projected to be $1.99 for the current year with 99,046,000 shares now outstanding.
A number of equities analysts have commented on the company. (:BWXT) stock may see increased volatility following the report. The company now has a consensus rating of Buy and a consensus price target of $51.50. BidaskClub upgraded BWX Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, July 1st. Credit Suisse Group started coverage on shares of BWX Technologies in a research note on Friday, June 9th. They now have a Dollars 51 price target on the stock. Zacks Investment Research downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, July 4th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Alps Advisors Inc. now owns 10,314 shares of the technology company's stock valued at $503,000 after buying an additional 27 shares during the last quarter. The share price of BWXT has risen by over 27.18% in the last six months.
On 3/15/2017 James D Canafax, SVP, sold 4,500 with an average share price of $46.49 per share and the total transaction amounting to $209,205.00.
In related news, insider Harbour Group L.P. Blue sold 3,295,098 shares of the company's stock in a transaction on Wednesday, June 7th. The average twelve-month price target among brokerages that have covered the stock in the a year ago is $51.40. The disclosure for this sale can be found here. Company insiders own 0.76% of the company's stock.
03/21/2017 - BWX Technologies, Inc. was upgraded to " by analysts at Bank of America Merrill Lynch. Its Nuclear Operations segment engineers, designs and manufactures precision naval nuclear components and reactors for the United States Department of Energy (DOE)/National Nuclear Security Administration's (NNSA) Naval Nuclear Propulsion Program.