BWX Technologies, Inc. (NYSE:BWXT) Short Interest Up 36.1% in August

BWX Technologies, Inc. (NYSE:BWXT) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 1,250,000 shares, an increase of 36.1% from the August 15th total of 918,400 shares. Based on an average daily volume of 394,600 shares, the short-interest ratio is presently 3.2 days. Approximately 1.3% of the shares of the company are sold short.

Shares of BWX Technologies stock traded down $0.41 during mid-day trading on Monday, hitting $54.79. 494,366 shares of the stock were exchanged, compared to its average volume of 382,268. BWX Technologies has a twelve month low of $52.31 and a twelve month high of $68.68. The stock has a market capitalization of $5.21 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 3.09 and a beta of 1.01. The company has a 50-day simple moving average of $56.34 and a 200 day simple moving average of $61.05. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.11.

BWX Technologies (NYSE:BWXT) last released its earnings results on Sunday, August 1st. The technology company reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.10). The company had revenue of $505.00 million during the quarter, compared to analyst estimates of $526.65 million. BWX Technologies had a return on equity of 43.51% and a net margin of 12.70%. BWX Technologies’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 earnings per share. Equities research analysts forecast that BWX Technologies will post 3.07 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 8th. Stockholders of record on Thursday, August 19th were paid a dividend of $0.21 per share. The ex-dividend date was Wednesday, August 18th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.53%. BWX Technologies’s dividend payout ratio is currently 27.72%.

In other BWX Technologies news, CFO David S. Black sold 1,000 shares of the company’s stock in a transaction on Thursday, July 8th. The shares were sold at an average price of $57.42, for a total transaction of $57,420.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rex D. Geveden sold 5,000 shares of the company’s stock in a transaction on Wednesday, September 1st. The stock was sold at an average price of $57.83, for a total transaction of $289,150.00. Following the transaction, the chief executive officer now owns 106,727 shares of the company’s stock, valued at approximately $6,172,022.41. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,600 shares of company stock valued at $436,663. 0.40% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Stephens Inc. AR raised its stake in shares of BWX Technologies by 1.2% during the second quarter. Stephens Inc. AR now owns 15,275 shares of the technology company’s stock valued at $888,000 after purchasing an additional 188 shares during the period. MML Investors Services LLC increased its stake in shares of BWX Technologies by 4.6% in the second quarter. MML Investors Services LLC now owns 4,443 shares of the technology company’s stock worth $258,000 after buying an additional 196 shares during the last quarter. Xponance Inc. increased its stake in shares of BWX Technologies by 4.1% in the first quarter. Xponance Inc. now owns 6,517 shares of the technology company’s stock worth $430,000 after buying an additional 255 shares during the last quarter. McGowan Group Asset Management Inc. increased its stake in shares of BWX Technologies by 3.4% in the second quarter. McGowan Group Asset Management Inc. now owns 7,863 shares of the technology company’s stock worth $457,000 after buying an additional 258 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of BWX Technologies by 3.7% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,045 shares of the technology company’s stock worth $468,000 after buying an additional 284 shares during the last quarter. Institutional investors own 95.65% of the company’s stock.

A number of equities analysts have recently issued reports on BWXT shares. Zacks Investment Research downgraded shares of BWX Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, August 4th. Credit Suisse Group cut their price target on shares of BWX Technologies from $67.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, August 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $70.20.

BWX Technologies Company Profile

BWX Technologies, Inc engages in the supply and provision of nuclear components and products. It operates through the following business segments: Nuclear Operations Group, Nuclear Services Group and Nuclear Power Group. The Nuclear Operations Group segment focuses on the design and manufacture of equipment for nuclear applications.

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