BWX Technologies, Inc. (BWXT) Chairman Sells $1,291,685.13 in Stock
BWX Technologies, Inc. (NYSE:BWXT) Chairman John A. Fees sold 21,453 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $60.21, for a total value of $1,291,685.13. Following the transaction, the chairman now owns 87,919 shares in the company, valued at $5,293,602.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of BWX Technologies, Inc. (NYSE BWXT) opened at $59.92 on Friday. BWX Technologies, Inc. has a 52-week low of $37.63 and a 52-week high of $61.88. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $6,000.00, a price-to-earnings ratio of 29.97, a price-to-earnings-growth ratio of 2.37 and a beta of 0.47.
BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, November 6th. The technology company reported $0.46 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. The firm had revenue of $419.36 million for the quarter, compared to analyst estimates of $420.39 million. BWX Technologies had a return on equity of 88.05% and a net margin of 11.89%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the company earned $0.39 earnings per share. equities analysts anticipate that BWX Technologies, Inc. will post 2.08 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Monday, November 20th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, November 17th. BWX Technologies’s dividend payout ratio (DPR) is 22.11%.
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BWXT has been the topic of several research analyst reports. BidaskClub upgraded BWX Technologies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Bank of America Corporation restated a “buy” rating and set a $55.00 price objective on shares of BWX Technologies in a research note on Thursday, August 10th. Zacks Investment Research upgraded BWX Technologies from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Thursday, August 10th. ValuEngine upgraded BWX Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Finally, SunTrust Banks, Inc. restated a “buy” rating and set a $62.00 price objective on shares of BWX Technologies in a research note on Monday, October 2nd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $61.67.
Several institutional investors and hedge funds have recently modified their holdings of BWXT. Spot Trading L.L.C. increased its holdings in shares of BWX Technologies by 60.3% during the first quarter. Spot Trading L.L.C. now owns 18,617 shares of the technology company’s stock valued at $886,000 after purchasing an additional 7,004 shares during the period. UBS Group AG increased its holdings in shares of BWX Technologies by 19.6% during the first quarter. UBS Group AG now owns 20,621 shares of the technology company’s stock valued at $981,000 after purchasing an additional 3,386 shares during the period. Creative Planning increased its holdings in shares of BWX Technologies by 20.4% during the second quarter. Creative Planning now owns 4,045 shares of the technology company’s stock valued at $197,000 after purchasing an additional 685 shares during the period. Aperio Group LLC increased its holdings in shares of BWX Technologies by 39.8% during the second quarter. Aperio Group LLC now owns 26,674 shares of the technology company’s stock valued at $1,300,000 after purchasing an additional 7,590 shares during the period. Finally, First Quadrant L P CA increased its holdings in shares of BWX Technologies by 289.9% during the second quarter. First Quadrant L P CA now owns 435,724 shares of the technology company’s stock valued at $21,242,000 after purchasing an additional 323,962 shares during the period. 94.31% of the stock is currently owned by institutional investors.
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.
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