BWX Technologies Inc (NYSE:BWXT) CFO Sells $52,340.00 in Stock

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BWX Technologies Inc (NYSE:BWXT) CFO David S. Black sold 1,000 shares of the stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $52.34, for a total transaction of $52,340.00. Following the sale, the chief financial officer now directly owns 80,361 shares of the company’s stock, valued at $4,206,094.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of BWX Technologies stock opened at $52.94 on Friday. The stock has a market cap of $5.04 billion, a price-to-earnings ratio of 21.70, a P/E/G ratio of 2.43 and a beta of 1.06. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 3.52. The firm has a 50 day moving average of $49.95. BWX Technologies Inc has a 52 week low of $35.91 and a 52 week high of $67.42.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.09). The company had revenue of $416.45 million during the quarter, compared to analysts’ expectations of $465.11 million. BWX Technologies had a net margin of 11.91% and a return on equity of 76.60%. During the same period in the previous year, the business earned $0.67 earnings per share. As a group, analysts anticipate that BWX Technologies Inc will post 2.47 EPS for the current year.

Several analysts have commented on the stock. TheStreet lowered shares of Tesla from a “c-” rating to a “d+” rating in a research report on Monday, April 29th. Zacks Investment Research lowered shares of First Merchants from a “hold” rating to a “sell” rating in a research report on Monday, July 1st. Finally, Maxim Group reissued a “buy” rating and set a $12.00 price target on shares of Intec Pharma in a research report on Thursday, June 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $54.33.

Several institutional investors have recently made changes to their positions in BWXT. Quadrant Capital Group LLC raised its position in shares of BWX Technologies by 431.1% in the 1st quarter. Quadrant Capital Group LLC now owns 2,220 shares of the technology company’s stock valued at $104,000 after purchasing an additional 1,802 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of BWX Technologies by 19.4% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,429 shares of the technology company’s stock valued at $120,000 after purchasing an additional 394 shares during the last quarter. Advisor Group Inc. raised its position in shares of BWX Technologies by 30.3% in the 4th quarter. Advisor Group Inc. now owns 4,130 shares of the technology company’s stock valued at $159,000 after purchasing an additional 960 shares during the last quarter. Berman Capital Advisors LLC raised its position in shares of BWX Technologies by 60.9% in the 1st quarter. Berman Capital Advisors LLC now owns 4,219 shares of the technology company’s stock valued at $207,000 after purchasing an additional 1,597 shares during the last quarter. Finally, National Asset Management Inc. purchased a new position in shares of BWX Technologies in the 1st quarter valued at approximately $216,000.

About BWX Technologies

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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