BWX Technologies (BWXT) CFO Sells $64,440.00 in Stock

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.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Monday, March 12th were issued a $0.16 dividend. This is a positive change from BWX Technologies’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Friday, March 9th. This represents a $0.64 annualized dividend and a dividend yield of 0.99%. BWX Technologies’s payout ratio is 31.22%.

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.

WARNING: This piece was first published by BBNS and is the property of of BBNS. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be accessed at https://baseballnewssource.com/2018/04/07/bwx-technologies-inc-bwxt-cfo-sells-64440-00-in-stock-2/2037984.html.

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.

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

Receive News & Ratings for BWX Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BWX Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

 




Latest News

Teen Juan Soto Hits Home Run in First At-Bat
Teen Juan Soto Hits Home Run in First At-Bat
Ji-Man Choi Receives Another Chance in Milwaukee
Ji-Man Choi Receives Another Chance in Milwaukee
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Strikeouts Once Again Plaguing Cubs
Strikeouts Once Again Plaguing Cubs
Atlanta Braves: A Mix of Young and Old
Atlanta Braves: A Mix of Young and Old
Major League Baseball is Back and Astros Favored to Repeat
Major League Baseball is Back and Astros Favored to Repeat


Leave a Reply

 
© 2006-2018 BBNS.