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 shares were sold at an average price of $60.21, for a total transaction of $1,291,685.13. Following the completion of the sale, 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 SEC, which is available at this link.
Shares of BWX Technologies, Inc. (BWXT) traded up $0.26 during trading on Wednesday, reaching $60.84. 537,600 shares of the company’s stock traded hands, compared to its average volume of 723,125. BWX Technologies, Inc. has a 52 week low of $37.63 and a 52 week high of $61.88. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.81 and a quick ratio of 1.81. The stock has a market cap of $6,021.87, a P/E ratio of 29.84, a P/E/G ratio of 2.36 and a beta of 0.47.
BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, November 6th. The technology company reported $0.46 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. BWX Technologies had a net margin of 11.89% and a return on equity of 88.05%. The company had revenue of $419.36 million for the quarter, compared to the consensus estimate of $420.39 million. During the same period last year, the firm posted $0.39 EPS. BWX Technologies’s revenue for the quarter was up 10.5% on a year-over-year basis. sell-side analysts anticipate that BWX Technologies, Inc. will post 2.08 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Monday, November 20th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Friday, November 17th. BWX Technologies’s payout ratio is currently 22.45%.
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A number of equities research analysts have recently weighed in on the stock. BidaskClub lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. SunTrust Banks, Inc. restated a “buy” rating and issued a $62.00 price objective on shares of BWX Technologies in a report on Monday, October 2nd. ValuEngine lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $55.00 price target on shares of BWX Technologies in a research note on Thursday, August 10th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $61.67.
Large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its holdings in shares of BWX Technologies by 12.4% in the second quarter. Public Employees Retirement System of Ohio now owns 139,138 shares of the technology company’s stock valued at $6,783,000 after acquiring an additional 15,367 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of BWX Technologies by 310.0% in the second quarter. Wells Fargo & Company MN now owns 3,071,474 shares of the technology company’s stock valued at $149,735,000 after acquiring an additional 2,322,309 shares in the last quarter. Burgundy Asset Management Ltd. boosted its holdings in BWX Technologies by 1.3% during the second quarter. Burgundy Asset Management Ltd. now owns 1,200,631 shares of the technology company’s stock worth $58,531,000 after buying an additional 15,430 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in BWX Technologies by 84.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 904,130 shares of the technology company’s stock worth $44,076,000 after buying an additional 414,994 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in BWX Technologies by 1.3% during the second quarter. Swiss National Bank now owns 149,100 shares of the technology company’s stock worth $7,269,000 after buying an additional 1,900 shares in the last quarter. 94.31% of the stock is currently owned by institutional investors and hedge funds.
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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