Smith Asset Management Group Lp buys $39,315,008 stake in BWX Technologies Inc (BWXT)

BWX Technologies Inc (BWXT) : Smith Asset Management Group Lp scooped up 698,920 additional shares in BWX Technologies Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 1,075,650 shares of BWX Technologies Inc which is valued at $39,315,008.BWX Technologies Inc makes up approximately 1.14% of Smith Asset Management Group Lp’s portfolio.

Other Hedge Funds, Including , American Century Companies Inc boosted its stake in BWXT in the latest quarter, The investment management firm added 259 additional shares and now holds a total of 7,618 shares of BWX Technologies Inc which is valued at $278,438.Msi Financial Services Inc reduced its stake in BWXT by selling 35 shares or 4.18% in the most recent quarter. The Hedge Fund company now holds 803 shares of BWXT which is valued at $29,350.Meeder Asset Management Inc reduced its stake in BWXT by selling 17,370 shares or 37.84% in the most recent quarter. The Hedge Fund company now holds 28,531 shares of BWXT which is valued at $1,015,989. BWX Technologies Inc makes up approx 0.09% of Meeder Asset Management Inc’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.Ibm Retirement Fund reduced its stake in BWXT by selling 1,373 shares or 12.72% in the most recent quarter. The Hedge Fund company now holds 9,421 shares of BWXT which is valued at $335,482. BWX Technologies Inc makes up approx 0.01% of Ibm Retirement Fund’s portfolio.

BWX Technologies Inc opened for trading at $36.62 and hit $36.9 on the upside on Friday, eventually ending the session at $36.81, with a gain of 0.57% or 0.21 points. The heightened volatility saw the trading volume jump to 4,33,489 shares. Company has a market cap of $3,821 M.

On the company’s financial health, BWX Technologies Inc reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.32. The company had revenue of $364.80 million for the quarter, compared to analysts expectations of $341.80 million. The company’s revenue was up 8.7% compared to the same quarter last year.

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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