John A. Fees Sells 60,000 Shares of BWX Technologies Inc (NYSE:BWXT) Stock

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BWX Technologies Inc (NYSE:BWXT) Director John A. Fees sold 60,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $57.15, for a total transaction of $3,429,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of BWXT stock opened at $55.90 on Thursday. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 2.59 and a beta of 1.05. The company’s fifty day simple moving average is $53.06. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 2.91. BWX Technologies Inc has a 12 month low of $35.91 and a 12 month high of $64.68.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, August 5th. The technology company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.10. The business had revenue of $471.00 million during the quarter, compared to analyst estimates of $440.45 million. BWX Technologies had a net margin of 11.60% and a return on equity of 83.20%. BWX Technologies’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.58 EPS. Research analysts anticipate that BWX Technologies Inc will post 2.49 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.68 annualized dividend and a dividend yield of 1.22%. BWX Technologies’s payout ratio is 28.45%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. William Blair Investment Management LLC grew its stake in shares of BWX Technologies by 10.4% in the 2nd quarter. William Blair Investment Management LLC now owns 7,012,266 shares of the technology company’s stock worth $365,339,000 after acquiring an additional 659,488 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of BWX Technologies by 13.0% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,656,977 shares of the technology company’s stock worth $86,328,000 after acquiring an additional 190,041 shares in the last quarter. Invesco Ltd. grew its stake in shares of BWX Technologies by 16.9% in the 2nd quarter. Invesco Ltd. now owns 1,594,660 shares of the technology company’s stock worth $83,082,000 after acquiring an additional 231,113 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of BWX Technologies by 87.6% in the 2nd quarter. Schroder Investment Management Group now owns 1,442,966 shares of the technology company’s stock worth $75,178,000 after acquiring an additional 673,606 shares in the last quarter. Finally, FMR LLC grew its stake in shares of BWX Technologies by 77.1% in the 4th quarter. FMR LLC now owns 1,202,335 shares of the technology company’s stock worth $45,965,000 after acquiring an additional 523,473 shares in the last quarter.

A number of brokerages have commented on BWXT. Maxim Group restated a “buy” rating and set a $71.00 price target on shares of BWX Technologies in a research note on Wednesday, August 7th. Zacks Investment Research upgraded shares of BWX Technologies from a “sell” rating to a “hold” rating in a research note on Monday, July 1st. Seaport Global Securities set a $62.00 price target on shares of BWX Technologies and gave the company a “buy” rating in a research note on Wednesday, August 7th. TheStreet upgraded shares of BWX Technologies from a “c+” rating to a “b-” rating in a research note on Monday, April 29th. Finally, SunTrust Banks set a $55.00 price target on shares of BWX Technologies and gave the company a “hold” rating in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $56.43.

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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