BWX Technologies Inc (NYSE:BWXT) CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $61.57, for a total value of $61,570.00. Following the completion of the transaction, the chief financial officer now owns 69,570 shares of the company’s stock, valued at $4,283,424.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

NYSE:BWXT opened at $61.23 on Wednesday. The firm has a market cap of $6.14 billion, a P/E ratio of 29.87, a price-to-earnings-growth ratio of 2.17 and a beta of 0.48. BWX Technologies Inc has a 52-week low of $53.11 and a 52-week high of $72.18. The company has a debt-to-equity ratio of 1.72, a current ratio of 2.88 and a quick ratio of 2.88.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, August 6th. The technology company reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.02). The business had revenue of $438.92 million for the quarter, compared to the consensus estimate of $445.70 million. BWX Technologies had a net margin of 9.05% and a return on equity of 66.19%. BWX Technologies’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 EPS. equities research analysts anticipate that BWX Technologies Inc will post 2.54 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 7th. Investors of record on Monday, August 20th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Friday, August 17th. BWX Technologies’s dividend payout ratio is 31.22%.

A number of hedge funds have recently modified their holdings of the business. Macquarie Group Ltd. lifted its stake in BWX Technologies by 1.3% during the second quarter. Macquarie Group Ltd. now owns 62,238 shares of the technology company’s stock worth $3,879,000 after purchasing an additional 823 shares during the last quarter. Amalgamated Bank lifted its stake in BWX Technologies by 6.8% during the first quarter. Amalgamated Bank now owns 20,037 shares of the technology company’s stock worth $1,273,000 after purchasing an additional 1,273 shares during the last quarter. OLD National Bancorp IN lifted its stake in BWX Technologies by 9.0% during the second quarter. OLD National Bancorp IN now owns 15,956 shares of the technology company’s stock worth $994,000 after purchasing an additional 1,316 shares during the last quarter. Bank of Montreal Can lifted its stake in BWX Technologies by 6.8% during the second quarter. Bank of Montreal Can now owns 22,200 shares of the technology company’s stock worth $1,382,000 after purchasing an additional 1,406 shares during the last quarter. Finally, First Bank & Trust lifted its stake in BWX Technologies by 31.6% during the second quarter. First Bank & Trust now owns 6,580 shares of the technology company’s stock worth $410,000 after purchasing an additional 1,581 shares during the last quarter. 95.29% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently issued reports on BWXT. Zacks Investment Research lowered BWX Technologies from a “buy” rating to a “hold” rating in a research note on Monday, July 16th. Drexel Hamilton reissued a “buy” rating and set a $78.00 price objective on shares of BWX Technologies in a research note on Thursday, June 21st. ValuEngine lowered BWX Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 6th. SunTrust Banks dropped their price objective on BWX Technologies from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Tuesday, August 21st. Finally, Credit Suisse Group dropped their price objective on BWX Technologies from $72.00 to $64.00 and set a “neutral” rating for the company in a research note on Tuesday, May 22nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. BWX Technologies currently has a consensus rating of “Hold” and a consensus target price of $70.00.

BWX Technologies Company Profile

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

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