Insider Selling: BWX Technologies Inc (NYSE:BWXT) CFO Sells $56,670.00 in Stock

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BWX Technologies Inc (NYSE:BWXT) CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction on Friday, August 9th. The stock was sold at an average price of $56.67, for a total transaction of $56,670.00. Following the completion of the transaction, the chief financial officer now directly owns 79,361 shares of the company’s stock, valued at $4,497,387.87. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

BWX Technologies stock opened at $55.90 on Thursday. The stock has a market cap of $5.32 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05. The company has a debt-to-equity ratio of 2.91, a quick ratio of 1.86 and a current ratio of 1.86. BWX Technologies Inc has a 1 year low of $35.91 and a 1 year high of $64.68. The firm has a 50-day moving average of $53.06.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings data on Monday, August 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.10. The company had revenue of $471.00 million during the quarter, compared to analysts’ expectations of $440.45 million. BWX Technologies had a net margin of 11.60% and a return on equity of 83.20%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.58 EPS. On average, research analysts predict that BWX Technologies Inc will post 2.49 earnings per share for the current year.

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

A number of institutional investors have recently added to or reduced their stakes in BWXT. Schroder Investment Management Group raised its holdings 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 valued at $75,178,000 after purchasing an additional 673,606 shares in the last quarter. William Blair Investment Management LLC raised its holdings 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 valued at $365,339,000 after purchasing an additional 659,488 shares in the last quarter. FMR LLC raised its holdings 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 valued at $45,965,000 after purchasing an additional 523,473 shares in the last quarter. Invesco Ltd. raised its holdings 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 valued at $83,082,000 after purchasing an additional 231,113 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its holdings 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 valued at $86,328,000 after purchasing an additional 190,041 shares in the last quarter.

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

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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Insider Buying and Selling by Quarter for BWX Technologies (NYSE:BWXT)

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