David S. Black Sells 1,000 Shares of BWX Technologies, Inc. (BWXT) Stock

BWX Technologies, Inc. (NYSE:BWXT) CFO David S. Black sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $61.88, for a total value of $61,880.00. Following the sale, the chief financial officer now directly owns 62,979 shares in the company, valued at approximately $3,897,140.52. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of BWX Technologies, Inc. (NYSE BWXT) traded down $0.25 during trading on Thursday, hitting $60.57. The company had a trading volume of 612,800 shares, compared to its average volume of 698,322. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.81 and a quick ratio of 1.81. BWX Technologies, Inc. has a 1 year low of $37.63 and a 1 year high of $62.85. The firm has a market cap of $6,045.73, a P/E ratio of 29.96, a P/E/G ratio of 2.38 and a beta of 0.47.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, November 6th. The technology company reported $0.46 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. BWX Technologies had a return on equity of 88.05% and a net margin of 11.89%. The firm had revenue of $419.36 million during the quarter, compared to the consensus estimate of $420.39 million. During the same period in the previous year, the firm posted $0.39 EPS. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. equities research analysts expect that BWX Technologies, Inc. will post 2.07 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Monday, November 20th were given a dividend of $0.11 per share. The ex-dividend date was Friday, November 17th. This represents a $0.44 annualized dividend and a dividend yield of 0.73%. BWX Technologies’s dividend payout ratio is currently 22.45%.

Several institutional investors have recently modified their holdings of the stock. Alps Advisors Inc. raised its position in shares of BWX Technologies by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 10,314 shares of the technology company’s stock worth $503,000 after purchasing an additional 27 shares during the last quarter. Van ECK Associates Corp raised its position in shares of BWX Technologies by 0.9% during the 2nd quarter. Van ECK Associates Corp now owns 12,973 shares of the technology company’s stock worth $632,000 after purchasing an additional 122 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its position in shares of BWX Technologies by 0.8% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 24,862 shares of the technology company’s stock worth $1,212,000 after purchasing an additional 200 shares during the last quarter. Utah Retirement Systems raised its position in shares of BWX Technologies by 1.2% during the 2nd quarter. Utah Retirement Systems now owns 17,139 shares of the technology company’s stock worth $835,000 after purchasing an additional 200 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of BWX Technologies by 2.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 7,183 shares of the technology company’s stock worth $350,000 after purchasing an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 95.50% of the company’s stock.

Several brokerages have recently commented on BWXT. Wells Fargo & Company began coverage on BWX Technologies in a research note on Monday. They set a “market perform” rating and a $65.00 price target on the stock. ValuEngine lowered BWX Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub raised BWX Technologies from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 26th. Zacks Investment Research lowered BWX Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Robert W. Baird began coverage on BWX Technologies in a research note on Tuesday, October 24th. They set an “outperform” rating and a $70.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $62.14.

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About BWX Technologies

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.

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