Insider Selling: 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 company’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $61.55, for a total transaction of $61,550.00. Following the transaction, the chief financial officer now owns 61,979 shares of the company’s stock, valued at approximately $3,814,807.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BWX Technologies, Inc. (BWXT) opened at $62.89 on Friday. The stock has a market cap of $6,251.52, a PE ratio of 30.98, a P/E/G ratio of 2.40 and a beta of 0.47. 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 12-month low of $40.22 and a 12-month high of $63.12.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, November 6th. The technology company reported $0.46 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.46. The firm had revenue of $419.36 million during 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%. BWX Technologies’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. equities analysts forecast that BWX Technologies, Inc. will post 2.06 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio grew its position in BWX Technologies by 12.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 139,138 shares of the technology company’s stock valued at $6,783,000 after buying an additional 15,367 shares in the last quarter. Burgundy Asset Management Ltd. boosted its position in shares of BWX Technologies by 1.3% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,200,631 shares of the technology company’s stock valued at $58,531,000 after purchasing an additional 15,430 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of BWX Technologies by 84.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 904,130 shares of the technology company’s stock valued at $44,076,000 after purchasing an additional 414,994 shares in the last quarter. Royal Bank of Canada boosted its position in shares of BWX Technologies by 3.4% during the 2nd quarter. Royal Bank of Canada now owns 89,920 shares of the technology company’s stock valued at $4,384,000 after purchasing an additional 2,986 shares in the last quarter. Finally, FDx Advisors Inc. bought a new position in shares of BWX Technologies during the 3rd quarter valued at about $496,000. Hedge funds and other institutional investors own 95.49% of the company’s stock.

Several equities analysts have recently commented on BWXT shares. Zacks Investment Research upgraded shares of BWX Technologies from a “sell” rating to a “hold” rating and set a $69.00 price target for the company in a research report on Tuesday, January 9th. BidaskClub upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. ValuEngine lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Seaport Global Securities started coverage on shares of BWX Technologies in a research report on Wednesday. They set a “buy” rating and a $72.00 price target for the company. Finally, Bank of America increased their target price on shares of BWX Technologies from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, October 5th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. BWX Technologies currently has a consensus rating of “Buy” and an average price target of $64.50.

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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.

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

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