BWX Technologies, Inc. (BWXT) CFO David S. Black Sells 1,000 Shares
BWX Technologies, Inc. (NYSE:BWXT) CFO David S. Black sold 1,000 shares of the company’s stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $59.00, for a total transaction of $59,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
BWX Technologies, Inc. (BWXT) traded down 0.12% during mid-day trading on Wednesday, hitting $58.97. 553,871 shares of the stock were exchanged. The firm has a market capitalization of $5.86 billion, a price-to-earnings ratio of 31.17 and a beta of 0.46. The company’s 50-day moving average price is $55.23 and its 200 day moving average price is $51.03. BWX Technologies, Inc. has a 52 week low of $36.16 and a 52 week high of $59.80.
BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, August 7th. The technology company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.09. BWX Technologies had a net margin of 11.81% and a return on equity of 107.13%. The firm had revenue of $410.01 million during the quarter, compared to analysts’ expectations of $429.38 million. During the same period in the previous year, the company earned $0.44 EPS. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities research analysts expect that BWX Technologies, Inc. will post $2.03 EPS for the current year.
A number of research firms have recently weighed in on BWXT. ValuEngine lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. BidaskClub lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Friday, September 15th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $62.00 target price on shares of BWX Technologies in a report on Monday, October 2nd. Bank of America Corporation reiterated a “buy” rating and set a $55.00 target price on shares of BWX Technologies in a report on Thursday, August 10th. Finally, Zacks Investment Research lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $57.17.
Institutional investors have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. purchased a new stake in BWX Technologies in the 1st quarter valued at about $4,455,000. Wells Fargo & Company MN boosted its position in BWX Technologies by 310.0% in the 2nd quarter. Wells Fargo & Company MN now owns 3,071,474 shares of the technology company’s stock valued at $149,735,000 after buying an additional 2,322,309 shares during the period. Swiss National Bank boosted its position in BWX Technologies by 1.3% in the 2nd quarter. Swiss National Bank now owns 149,100 shares of the technology company’s stock valued at $7,269,000 after buying an additional 1,900 shares during the period. JPMorgan Chase & Co. boosted its position in BWX Technologies by 1.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 607,732 shares of the technology company’s stock valued at $29,629,000 after buying an additional 11,401 shares during the period. Finally, BlackRock Inc. boosted its position in BWX Technologies by 2,963.1% in the 1st quarter. BlackRock Inc. now owns 5,038,471 shares of the technology company’s stock valued at $239,832,000 after buying an additional 4,873,983 shares during the period. 96.96% of the stock is owned by institutional investors.
About BWX Technologies
BWX Technologies, Inc is a manufacturer of nuclear components and a service provider. The Company’s businesses focus on the design, engineering and manufacture of precision naval nuclear components, reactors and nuclear fuel for the United States Government. Its segments include Nuclear Operations, Technical Services, Nuclear Energy and Other.
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