BWX Technologies, Inc. (NYSE: BWXT – Get Rating) CAO Richard W. Loving sold 300 shares of the firm’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $ 51.46, for a total transaction of $ 15,438.00. Following the transaction, the chief accounting officer now owns 17,634 shares in the company, valued at approximately $ 907,445.64. The transaction was disclosed in a document filed with the SEC, which is available at this link.
NYSE: BWXT traded up $ 0.53 during midday trading on Thursday, reaching $ 50.85. The stock had a trading volume of 519,318 shares, compared to its average volume of 720,514. BWX Technologies, Inc. has a 1-year low of $ 42.58 and a 1-year high of $ 64.91. The firm’s fifty day simple moving average is $ 52.40 and its 200-day simple moving average is $ 49.97. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.94 and a quick ratio of 1.94. The stock has a market capitalization of $ 4.64 billion, a P / E ratio of 16.14, a PEG ratio of 2.08 and a beta of 0.90.
BWX Technologies (NYSE: BWXT – Get Rating) last posted its quarterly earnings data on Monday, May 9th. The technology company reported $ 0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $ 0.67 by $ 0.02. BWX Technologies had a net margin of 13.88% and a return on equity of 43.72%. The company had revenue of $ 531.00 million for the quarter, compared to the consensus estimate of $ 514.96 million. During the same quarter in the previous year, the firm posted $ 0.73 EPS. The business’s revenue was up .6% compared to the same quarter last year. On average, equities research analysts anticipate that BWX Technologies, Inc. will post 3.17 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 8th. Stockholders of record on Friday, May 20th will be issued a dividend of $ 0.22 per share. The ex-dividend date is Thursday, May 19th. This represents a $ 0.88 annualized dividend and a dividend yield of 1.73%. BWX Technologies’s payout ratio is 27.94%.
A number of research firms have recently weighed in on BWXT. Bank of America raised their price target on shares of BWX Technologies from $ 55.00 to $ 65.00 and gave the company a “buy” rating in a report on Wednesday, March 16th. The Street upgraded shares of BWX Technologies from a “c +” rating to a “b-” rating in a report on Thursday, March 17th. Zacks Investment Research lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. Finally, StockNews.com assumed coverage on shares of BWX Technologies in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $ 63.17.
Several large investors have recently bought and sold shares of the company. Verition Fund Management LLC increased its holdings in shares of BWX Technologies by 756.3% during the 1st quarter. Verition Fund Management LLC now owns 88,194 shares of the company’s technology stock worth $ 4,750,000 after purchasing an additional 77,895 shares during the period. Neuberger Berman Group LLC increased its stake in BWX Technologies by 17.7% in the first quarter. Neuberger Berman Group LLC now owns 12,401 shares of the company’s technology stock valued at $ 668,000 after acquiring an additional 1,868 shares during the period. Capital Research Global Investors increased its stake in BWX Technologies by 8.7% in the first quarter. Capital Research Global Investors now owns 2,632,834 shares of the company’s technology stock valued at $ 141,804,000 after acquiring an additional 211,329 shares during the period. Advisors Asset Management Inc. increased its stake in BWX Technologies by 22.1% in the first quarter. Advisors Asset Management Inc. now owns 15,009 shares of the company’s technology stock valued at $ 808,000 after acquiring an additional 2,715 shares during the period. Finally, Point72 Hong Kong Ltd increased its stake in BWX Technologies by 37.8% in the first quarter. Point72 Hong Kong Ltd now owns 10,707 shares of the company’s technology stock valued at $ 577,000 after acquiring an additional 2,938 shares during the period. Institutional investors own 97.26% of the company’s stock.
About BWX Technologies (Get Rating)
BWX Technologies, Inc. manufactures and sells nuclear components in the United States, Canada, and internationally. It operates in three segments: Nuclear Operations Group, Nuclear Power Group, and Nuclear Services Group. The Nuclear Operations Group segment provides precision naval and critical nuclear components, reactors, nuclear fuel, and assemblies for the United States Department of Energy / National Nuclear Security Administration’s Naval Nuclear Propulsion Program and other uses; missile launch tubes for United States Navy submarines; close-tolerance and equipment for nuclear applications; and converts Cold War-era government stockpiles of high-enriched uranium, as well as receives, stores, characterizes, dissolves, recovers, and purifies uranium-bearing materials; supplies research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications.
Receive News & Ratings for BWX Technologies Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for BWX Technologies and related companies with MarketBeat.com’s FREE daily email newsletter.