Scout Investments Lowers stake in BWX Technologies Inc (BWXT)

BWX Technologies Inc (BWXT) : Scout Investments reduced its stake in BWX Technologies Inc by 15.08% during the most recent quarter end. The investment management company now holds a total of 849,750 shares of BWX Technologies Inc which is valued at $32,536,928 after selling 150,906 shares in BWX Technologies Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.BWX Technologies Inc makes up approximately 0.87% of Scout Investments’s portfolio.

Other Hedge Funds, Including , Twin Capital Management Inc added BWXT to its portfolio by purchasing 49,820 company shares during the most recent quarter which is valued at $1,907,608. BWX Technologies Inc makes up approx 0.14% of Twin Capital Management Inc’s portfolio.Princeton Alpha Management Lp reduced its stake in BWXT by selling 22,902 shares or 62.38% in the most recent quarter. The Hedge Fund company now holds 13,813 shares of BWXT which is valued at $524,618. BWX Technologies Inc makes up approx 0.09% of Princeton Alpha Management Lp’s portfolio.Gsa Capital Partners Llp boosted its stake in BWXT in the latest quarter, The investment management firm added 34,482 additional shares and now holds a total of 107,356 shares of BWX Technologies Inc which is valued at $4,077,381. BWX Technologies Inc makes up approx 0.21% of Gsa Capital Partners Llp’s portfolio. Rs Investment Management Co added BWXT to its portfolio by purchasing 673,030 company shares during the most recent quarter which is valued at $24,599,247. BWX Technologies Inc makes up approx 0.24% of Rs Investment Management Co’s portfolio.Checchi Capital Advisers boosted its stake in BWXT in the latest quarter, The investment management firm added 833 additional shares and now holds a total of 984 shares of BWX Technologies Inc which is valued at $35,040. BWX Technologies Inc makes up approx 0.01% of Checchi Capital Advisers’s portfolio.

BWX Technologies Inc opened for trading at $38.29 and hit $38.71 on the upside on Monday, eventually ending the session at $38.54, with a gain of 0.44% or 0.17 points. The heightened volatility saw the trading volume jump to 5,54,633 shares. Company has a market cap of $3,986 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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