BWX Technologies Inc (NYSE:BWXT) CFO David S. Black sold 1,000 shares of the business’s stock in a transaction on Thursday, October 11th. The shares were sold at an average price of $57.65, for a total transaction of $57,650.00. Following the completion of the sale, the chief financial officer now directly owns 68,570 shares in the company, valued at approximately $3,953,060.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of BWX Technologies stock opened at $57.51 on Friday. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 28.05, a price-to-earnings-growth ratio of 2.20 and a beta of 0.45. The company has a debt-to-equity ratio of 1.72, a quick ratio of 2.88 and a current ratio of 2.88. BWX Technologies Inc has a 52-week low of $56.80 and a 52-week high of $72.18.
BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, August 6th. The technology company reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.02). BWX Technologies had a net margin of 9.05% and a return on equity of 66.19%. The business had revenue of $438.92 million during the quarter, compared to the consensus estimate of $445.70 million. During the same period last year, the firm earned $0.56 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. Analysts expect that BWX Technologies Inc will post 2.54 EPS for the current fiscal year.
Large investors have recently modified their holdings of the company. CENTRAL TRUST Co acquired a new stake in shares of BWX Technologies in the 3rd quarter valued at $100,000. Ostrum Asset Management acquired a new stake in shares of BWX Technologies in the 1st quarter valued at $108,000. Destination Wealth Management boosted its stake in shares of BWX Technologies by 2,867.8% in the 2nd quarter. Destination Wealth Management now owns 1,751 shares of the technology company’s stock valued at $109,000 after purchasing an additional 1,692 shares in the last quarter. Fort L.P. acquired a new stake in shares of BWX Technologies in the 2nd quarter valued at $118,000. Finally, Point72 Hong Kong Ltd boosted its stake in shares of BWX Technologies by 2,445.8% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,113 shares of the technology company’s stock valued at $132,000 after purchasing an additional 2,030 shares in the last quarter. Institutional investors own 95.28% of the company’s stock.
Several equities research analysts have issued reports on the stock. SunTrust Banks lowered their price target on shares of BWX Technologies from $83.00 to $79.00 and set a “buy” rating on the stock in a report on Tuesday, August 21st. Drexel Hamilton reissued a “buy” rating and issued a $78.00 price target on shares of BWX Technologies in a report on Thursday, June 21st. Finally, Zacks Investment Research lowered shares of BWX Technologies from a “hold” rating to a “sell” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $70.00.
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.
Featured Article: How is an ETF different from a mutual fund?
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.