Kestrel Investment Management Corp Lowers stake in BWX Technologies Inc (BWXT)

BWX Technologies Inc (BWXT) : Kestrel Investment Management Corp reduced its stake in BWX Technologies Inc by 11.28% during the most recent quarter end. The investment management company now holds a total of 236,675 shares of BWX Technologies Inc which is valued at $9,081,220 after selling 30,100 shares in BWX Technologies Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.BWX Technologies Inc makes up approximately 3.48% of Kestrel Investment Management Corp’s portfolio.

Other Hedge Funds, Including , Ancora Advisors reduced its stake in BWXT by selling 364 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 117,359 shares of BWXT which is valued at $4,503,065. BWX Technologies Inc makes up approx 0.51% of Ancora Advisors’s portfolio.Td Asset Management Inc reduced its stake in BWXT by selling 500 shares or 3.91% in the most recent quarter. The Hedge Fund company now holds 12,300 shares of BWXT which is valued at $467,154.Lucus Advisors reduced its stake in BWXT by selling 5,578 shares or 36.49% in the most recent quarter. The Hedge Fund company now holds 9,710 shares of BWXT which is valued at $354,901. BWX Technologies Inc makes up approx 0.27% of Lucus Advisors’s portfolio.1st Global Advisors reduced its stake in BWXT by selling 232 shares or 1.43% in the most recent quarter. The Hedge Fund company now holds 15,962 shares of BWXT which is valued at $568,407. BWX Technologies Inc makes up approx 0.08% of 1st Global Advisors’s portfolio.

BWX Technologies Inc opened for trading at $39.42 and hit $39.49 on the upside on Tuesday, eventually ending the session at $39.34, with a gain of 0.43% or 0.17 points. The heightened volatility saw the trading volume jump to 7,03,143 shares. Company has a market cap of $4,068 M.

On the company’s financial health, BWX Technologies Inc reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.38. The company had revenue of $402.38 million for the quarter, compared to analysts expectations of $367.06 million. The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.

BWX Technologies Inc. formerly The Babcock & Wilcox Company is a technology innovator in power generation systems a constructor of nuclear components and a service provider in its segments. The Company operates in five business segments: Power Generation Nuclear Operations Technical Services Nuclear Energy and mPower. The Power Generation segment supplies boilers fired with fossil fuels oil and natural gas or renewable fuels. The Nuclear Operations segment engineers design and manufacture precision naval nuclear components and reactors. The Technical Services segment provides uranium processing environmental site restoration services and management services. The mPower segment is developing the B&W mPower reactor and the associated mPower Plant.

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