BWX Technologies Inc (NYSE:BWXT) CFO David S. Black sold 2,000 shares of BWX Technologies stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $47.97, for a total value of $95,940.00. Following the sale, the chief financial officer now owns 83,361 shares in the company, valued at approximately $3,998,827.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of BWXT stock opened at $47.67 on Friday. The stock has a market capitalization of $4.55 billion, a P/E ratio of 19.95, a P/E/G ratio of 2.24 and a beta of 0.97. BWX Technologies Inc has a 52-week low of $35.91 and a 52-week high of $68.12. The company has a debt-to-equity ratio of 3.52, a quick ratio of 1.77 and a current ratio of 1.77.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.09). The company had revenue of $416.45 million during the quarter, compared to analyst estimates of $465.11 million. BWX Technologies had a net margin of 11.91% and a return on equity of 76.60%. During the same quarter last year, the firm earned $0.67 EPS. As a group, equities research analysts forecast that BWX Technologies Inc will post 2.47 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Friday, May 17th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.43%. The ex-dividend date is Thursday, May 16th. BWX Technologies’s dividend payout ratio (DPR) is presently 28.45%.

A number of hedge funds have recently modified their holdings of the stock. ZWJ Investment Counsel Inc. increased its position in BWX Technologies by 24.5% in the 1st quarter. ZWJ Investment Counsel Inc. now owns 384,061 shares of the technology company’s stock valued at $19,042,000 after acquiring an additional 75,689 shares during the period. BlueCrest Capital Management Ltd increased its position in BWX Technologies by 49.0% during the 1st quarter. BlueCrest Capital Management Ltd now owns 10,272 shares of the technology company’s stock worth $509,000 after purchasing an additional 3,379 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in BWX Technologies during the 1st quarter worth approximately $203,000. Morgan Stanley increased its position in BWX Technologies by 10.5% during the 1st quarter. Morgan Stanley now owns 78,154 shares of the technology company’s stock worth $3,875,000 after purchasing an additional 7,436 shares during the period. Finally, Man Group plc increased its position in BWX Technologies by 48.7% during the 1st quarter. Man Group plc now owns 93,250 shares of the technology company’s stock worth $4,623,000 after purchasing an additional 30,550 shares during the period.

A number of research firms have recently commented on BWXT. Zacks Investment Research upgraded BWX Technologies from a “sell” rating to a “hold” rating in a research report on Thursday. TheStreet upgraded BWX Technologies from a “c+” rating to a “b-” rating in a research report on Monday, April 29th. Finally, Maxim Group set a $68.00 price target on BWX Technologies and gave the company a “buy” rating in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $53.83.

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About BWX Technologies

BWX Technologies, Inc manufactures and sells nuclear components to the United States government. The company operates in three segments: Nuclear Operations, Technical Services, and Nuclear Energy. The Nuclear Operations segment offers precision naval nuclear components and reactors; close-tolerance and equipment for nuclear applications; and components for defense applications, as well as critical nuclear components, fuels, and assemblies for government and other uses.

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