Jeffrey Smith’s Macy’s, Inc. (M) Position Revealed, Plus Two New Picks

BWX Technologies Inc (NYSE:BWXT) is another company to attract the attention of Jeffrey Smith, who had 1.49 million shares valued at $48.97 million of the company on June 30. The technology company provides components for nuclear power generation and mPower reactors. BWX Technologies Inc (NYSE:BWXT) completed the spin-off of its power generation business in July, with the newly-formed company operating under the name Babcock & Wilcox Enterprises, Inc. John A. Fees, Executive Chairman of BWX Technologies, said, “As a standalone company, BWXT will have greater management focus on the distinct business of government and nuclear operations. We will also have greater ability to attract an investor base suited to our Company’s specific operational and financial characteristics.” BWX Technologies Inc (NYSE:BWXT) announced its second quarter 2015 financial results on August 5, missing the market’s earnings estimate of $0.55 with reported EPS of $0.32. Its reported revenue of $357.1 million also came in shorter than Wall Street’s estimate of $360.6 million. Carlson Capital, led by Clint Carlson, is another investment firm in our database with a position in BWX Technologies Inc (NYSE:BWXT), in this case a 575,000-share position with a market value of $18.86 million.

Jeffery Smith has also initiated a new position in Edgewell Personal Care Co (NYSE:EPC), holding 343,900 shares valued at $45.24 million on June 30. The personal care products company is another business with a fresh operating structure after the spin-off of its household products arm. Under the terms of the spin-off, the shareholders of record of Edgewell as of June 16 received one share of the new household product company, Energizer Holdings Inc (NYSE:ENR), for each share of Edgewell. David Hatfield, CEO of Edgewell Personal Care Co (NYSE:EPC), said, “…We are excited about Edgewell’s prospects, as we leverage our strong brands and build upon leading positions across various categories.  As a company now solely dedicated to Personal Care, we will focus on accelerating top line growth, and increasing our emphasis on insight, innovation, and agility.” Edgewell Personal Care Co (NYSE:EPC) announced combined fiscal third quarter 2015 financial results of net sales of $1.05 billion and adjusted net earnings per diluted share of $1.17. Israel Englander’s Millennium Management reported an investment position in the company at the end of the second quarter of 260,634 shares valued at $34.25 million.

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