BWX Technologies, Inc. (BWXT) CFO Sells $61,550.00 in Stock

BWX Technologies, Inc. (NYSE:BWXT) CFO David S. Black sold 1,000 shares of the stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $61.55, for a total transaction of $61,550.00. Following the completion of the sale, the chief financial officer now owns 61,979 shares in the company, valued at approximately $3,814,807.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

BWX Technologies, Inc. (BWXT) traded up $1.00 during mid-day trading on Thursday, reaching $62.23. 824,553 shares of the company traded hands, compared to its average volume of 501,969. The firm has a market capitalization of $6,190.00, a price-to-earnings ratio of 31.27, a PEG ratio of 2.40 and a beta of 0.48. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.59. BWX Technologies, Inc. has a 52 week low of $40.22 and a 52 week high of $62.85.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, November 6th. The technology company reported $0.46 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. The company had revenue of $419.36 million for the quarter, compared to analyst estimates of $420.39 million. BWX Technologies had a net margin of 11.89% and a return on equity of 88.05%. The firm’s revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the business earned $0.39 earnings per share. research analysts predict that BWX Technologies, Inc. will post 2.07 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Stockholders of record on Monday, November 20th were given a $0.11 dividend. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.44 annualized dividend and a dividend yield of 0.71%. BWX Technologies’s dividend payout ratio (DPR) is 22.11%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of BWX Technologies by 0.7% in the second quarter. Vanguard Group Inc. now owns 8,004,745 shares of the technology company’s stock valued at $390,232,000 after purchasing an additional 58,159 shares during the period. BlackRock Inc. grew its position in shares of BWX Technologies by 6.7% in the second quarter. BlackRock Inc. now owns 5,374,992 shares of the technology company’s stock valued at $262,030,000 after purchasing an additional 336,521 shares during the period. Artisan Partners Limited Partnership grew its position in shares of BWX Technologies by 12.4% in the third quarter. Artisan Partners Limited Partnership now owns 4,609,767 shares of the technology company’s stock valued at $258,239,000 after purchasing an additional 509,351 shares during the period. Capital Research Global Investors grew its position in shares of BWX Technologies by 11.1% in the second quarter. Capital Research Global Investors now owns 3,464,262 shares of the technology company’s stock valued at $168,883,000 after purchasing an additional 345,797 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of BWX Technologies by 3.3% in the third quarter. Wells Fargo & Company MN now owns 3,171,362 shares of the technology company’s stock valued at $177,659,000 after purchasing an additional 99,888 shares during the period. Institutional investors and hedge funds own 95.49% of the company’s stock.

A number of research firms have recently weighed in on BWXT. Seaport Global Securities assumed coverage on shares of BWX Technologies in a research report on Wednesday. They set a “buy” rating and a $72.00 price target on the stock. Zacks Investment Research upgraded shares of BWX Technologies from a “sell” rating to a “hold” rating and set a $69.00 price target on the stock in a research report on Tuesday. Wells Fargo & Co assumed coverage on shares of BWX Technologies in a research report on Monday, December 11th. They set a “market perform” rating and a $65.00 price target on the stock. ValuEngine lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, BidaskClub lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. BWX Technologies presently has an average rating of “Buy” and an average target price of $64.50.

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BWX Technologies Company Profile

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.

Insider Buying and Selling by Quarter for BWX Technologies (NYSE:BWXT)

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