BWX Technologies Inc (NYSE:BWXT) CFO David S. Black sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $64.44, for a total value of $64,440.00. Following the transaction, the chief financial officer now owns 71,874 shares of the company’s stock, valued at $4,631,560.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
BWX Technologies Inc (NYSE BWXT) traded down $0.99 during midday trading on Monday, reaching $64.61. The company had a trading volume of 255,239 shares, compared to its average volume of 464,076. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.68. BWX Technologies Inc has a one year low of $45.79 and a one year high of $65.82. The stock has a market cap of $6,420.00, a PE ratio of 43.95, a PEG ratio of 2.32 and a beta of 0.51.
BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Tuesday, February 27th. The technology company reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.01. BWX Technologies had a return on equity of 77.24% and a net margin of 8.76%. The company had revenue of $430.14 million for the quarter, compared to analysts’ expectations of $451.18 million. sell-side analysts predict that BWX Technologies Inc will post 2.53 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on the company. Alembic Global Advisors reiterated a “buy” rating on shares of BWX Technologies in a research note on Tuesday, March 6th. ValuEngine upgraded BWX Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research cut BWX Technologies from a “buy” rating to a “hold” rating in a report on Monday, January 29th. SunTrust Banks reissued a “buy” rating and issued a $70.00 price target on shares of BWX Technologies in a report on Friday, January 19th. Finally, Seaport Global Securities began coverage on BWX Technologies in a report on Wednesday, January 10th. They issued a “buy” rating and a $72.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. BWX Technologies presently has a consensus rating of “Buy” and a consensus price target of $65.88.
Institutional investors and hedge funds have recently modified their holdings of the company. Captrust Financial Advisors purchased a new stake in shares of BWX Technologies during the 4th quarter worth approximately $126,000. Cerebellum GP LLC purchased a new stake in shares of BWX Technologies during the 4th quarter worth approximately $128,000. American International Group Inc. purchased a new stake in shares of BWX Technologies during the 4th quarter worth approximately $134,000. Assetmark Inc. raised its holdings in shares of BWX Technologies by 402.7% during the 4th quarter. Assetmark Inc. now owns 2,222 shares of the technology company’s stock worth $134,000 after acquiring an additional 1,780 shares in the last quarter. Finally, First Manhattan Co. purchased a new stake in shares of BWX Technologies during the 4th quarter worth approximately $184,000. 94.57% of the stock is currently owned by institutional investors and hedge funds.
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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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