Putnam Investments LLC Sells 54,460 Shares of BWX Technologies Inc (NYSE:BWXT)
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.
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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