Putnam Investments LLC trimmed its holdings in BWX Technologies Inc (NYSE:BWXT) by 24.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 168,552 shares of the technology company’s stock after selling 54,460 shares during the period. Putnam Investments LLC owned about 0.17% of BWX Technologies worth $10,504,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Marshall Wace LLP acquired a new stake in shares of BWX Technologies during the 2nd quarter valued at approximately $4,090,000. HPM Partners LLC increased its position in BWX Technologies by 104.4% in the second quarter. HPM Partners LLC now owns 26,853 shares of the technology company’s stock worth $1,673,000 after buying an additional 13,715 shares during the period. Brown Advisory Inc. grew its stake in shares of BWX Technologies by 29.1% in the first quarter. Brown Advisory Inc. now owns 4,614,365 shares of the technology company’s stock worth $293,151,000 after purchasing an additional 1,040,711 shares in the last quarter. BlackRock Inc. grew its stake in shares of BWX Technologies by 2.8% in the second quarter. BlackRock Inc. now owns 5,959,698 shares of the technology company’s stock worth $371,407,000 after purchasing an additional 162,958 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of BWX Technologies by 22.5% in the second quarter. Van ECK Associates Corp now owns 14,416 shares of the technology company’s stock worth $898,000 after purchasing an additional 2,645 shares in the last quarter. 95.28% of the stock is currently owned by institutional investors.

BWX Technologies stock traded up $0.26 during mid-day trading on Friday, hitting $57.51. The company’s stock had a trading volume of 455,542 shares, compared to its average volume of 532,503. The company has a market cap of $6.24 billion, a P/E ratio of 28.05, a P/E/G ratio of 2.20 and a beta of 0.45. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 1.72. BWX Technologies Inc has a 52-week low of $56.80 and a 52-week high of $72.18.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, August 6th. The technology company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.02). The business had revenue of $438.92 million during the quarter, compared to analysts’ expectations of $445.70 million. BWX Technologies had a return on equity of 66.19% and a net margin of 9.05%. The firm’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 earnings per share. On average, equities analysts forecast that BWX Technologies Inc will post 2.54 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on BWXT shares. Zacks Investment Research raised BWX Technologies from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research note on Monday, July 9th. Drexel Hamilton reissued a “buy” rating and issued a $78.00 price target on shares of BWX Technologies in a research note on Thursday, June 21st. Finally, SunTrust Banks decreased their price target on BWX Technologies from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Tuesday, August 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. BWX Technologies presently has a consensus rating of “Hold” and a consensus price target of $70.00.

In other news, VP Jason S. Kerr sold 1,365 shares of the stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $64.06, for a total transaction of $87,441.90. Following the transaction, the vice president now owns 9,132 shares of the company’s stock, valued at approximately $584,995.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO David S. Black sold 1,000 shares of the stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $62.40, for a total value of $62,400.00. Following the transaction, the chief financial officer now directly owns 70,570 shares in the company, valued at approximately $4,403,568. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,365 shares of company stock valued at $269,062. Company insiders own 0.52% of the company’s stock.

BWX Technologies 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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