BWX Technologies (NYSE:BWXT) CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $64.44, for a total value of $64,440.00. Following the sale, the chief financial officer now directly owns 71,874 shares of the company’s stock, valued at $4,631,560.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of NYSE:BWXT traded down $0.64 during trading on Friday, reaching $64.59. The stock had a trading volume of 625,403 shares, compared to its average volume of 533,106. 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 has a 52 week low of $45.79 and a 52 week high of $67.69. The stock has a market capitalization of $6,360.24, a P/E ratio of 31.51, a price-to-earnings-growth ratio of 2.27 and a beta of 0.49.
BWX Technologies (NYSE:BWXT) last issued its earnings results on Tuesday, February 27th. The technology company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. The company had revenue of $430.14 million during the quarter, compared to analysts’ expectations of $451.18 million. BWX Technologies had a net margin of 8.76% and a return on equity of 77.24%. analysts forecast that BWX Technologies will post 2.52 EPS for the current fiscal year.
Several analysts recently issued reports on BWXT shares. Zacks Investment Research upgraded BWX Technologies from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Friday, January 26th. SunTrust Banks reiterated a “buy” rating and set a $70.00 price objective on shares of BWX Technologies in a report on Friday, January 19th. Seaport Global Securities started coverage on BWX Technologies in a report on Wednesday, January 10th. They set a “buy” rating and a $72.00 target price on the stock. Alembic Global Advisors restated a “buy” rating on shares of BWX Technologies in a report on Tuesday, March 6th. Finally, ValuEngine upgraded BWX Technologies from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $65.44.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of BWX Technologies by 2.1% in the 4th quarter. BlackRock Inc. now owns 5,685,315 shares of the technology company’s stock valued at $343,905,000 after buying an additional 119,240 shares during the period. Artisan Partners Limited Partnership grew its holdings in shares of BWX Technologies by 12.4% in the 3rd quarter. Artisan Partners Limited Partnership now owns 4,609,767 shares of the technology company’s stock valued at $258,239,000 after buying an additional 509,351 shares during the period. Brown Advisory Inc. grew its holdings in shares of BWX Technologies by 65.2% in the 4th quarter. Brown Advisory Inc. now owns 3,573,654 shares of the technology company’s stock valued at $216,170,000 after buying an additional 1,410,915 shares during the period. Wells Fargo & Company MN grew its holdings in shares of BWX Technologies by 3.3% in the 3rd quarter. Wells Fargo & Company MN now owns 3,171,362 shares of the technology company’s stock valued at $177,659,000 after buying an additional 99,888 shares during the period. Finally, Franklin Resources Inc. boosted its stake in BWX Technologies by 46.1% in the 4th quarter. Franklin Resources Inc. now owns 1,573,131 shares of the technology company’s stock worth $95,159,000 after purchasing an additional 496,545 shares during the period. 94.57% of the stock is owned by institutional investors.
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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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