BWX Technologies Inc. (NYSE:BWXT) is Attracting Smart Money


In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), BWX Technologies Inc. (NYSE:BWXT) reported that Blue Harbour Group has picked up 1,992,829 of common stock as of 2017-06-09.

The acquisition brings the aggregate amount owned by Blue Harbour Group to a total of 1,992,829 representing less than 2.01% stake in the company.

For those not familiar with the company, BWX Technologies, Inc. is a manufacturer of nuclear components and a service provider. The Company’s businesses focus on the design, engineering and manufacture of precision naval nuclear components, reactors and nuclear fuel for the United States Government. Its segments include Nuclear Operations, Technical Services, Nuclear Energy and Other. It provides uranium processing and environmental site restoration services, as well as a range of products and services to customers in the nuclear power industry. Nuclear Operations engineers, designs and manufactures precision naval nuclear components and reactors for the United States Department of Energy/National Nuclear Security Administration’s Naval Nuclear Propulsion Program. Technical Services provides various services to the United States Government. Nuclear Energy designs, licenses, manufactures and delivers commercial nuclear steam generators, pressure vessels, reactor components, heat exchangers and other auxiliary equipment.

A glance at BWX Technologies Inc. (NYSE:BWXT)’s key stats reveals a current market capitalization of 4.73 Billion based on 99.05 Million shares outstanding and a price at last close of $47.92 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-03-09, Geveden picked up 2,000 at a purchase price of $45.74. This brings their total   holding to 10,139 as of the date of the filing.

On the sell side, the most recent transaction saw Blue unload 3,295,098 shares at a sale price of $47.43. This brings their total holding to 1,992,829.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on BWX Technologies Inc. (NYSE:BWXT) as things move forward to see if its progress aligns with these transactions.

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