Insider Selling: BWX Technologies Inc (BWXT) CFO Sells 1,000 Shares of Stock

BWX Technologies Inc (NYSE:BWXT) CFO David S. Black sold 1,000 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $60.36, for a total transaction of $60,360.00. Following the completion of the sale, the chief financial officer now directly owns 60,979 shares in the company, valued at $3,680,692.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of BWX Technologies Inc (NYSE BWXT) traded up $1.00 on Monday, reaching $61.89. 282,723 shares of the company were exchanged, compared to its average volume of 447,277. BWX Technologies Inc has a twelve month low of $41.90 and a twelve month high of $64.92. The firm has a market cap of $6,052.69, a price-to-earnings ratio of 31.58, a P/E/G ratio of 2.34 and a beta of 0.50. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.81 and a current ratio of 1.81.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in 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 last quarter. Artisan Partners Limited Partnership grew its position in shares of BWX Technologies by 12.4% during the 3rd quarter. Artisan Partners Limited Partnership now owns 4,609,767 shares of the technology company’s stock worth $258,239,000 after purchasing an additional 509,351 shares in the last quarter. Brown Advisory Inc. grew its position in shares of BWX Technologies by 65.2% during the 4th quarter. Brown Advisory Inc. now owns 3,573,654 shares of the technology company’s stock worth $216,170,000 after purchasing an additional 1,410,915 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of BWX Technologies by 3.3% during the 3rd quarter. Wells Fargo & Company MN now owns 3,171,362 shares of the technology company’s stock worth $177,659,000 after purchasing an additional 99,888 shares in the last quarter. Finally, State Street Corp grew its position in shares of BWX Technologies by 2.1% during the 2nd quarter. State Street Corp now owns 1,780,889 shares of the technology company’s stock worth $86,819,000 after purchasing an additional 37,159 shares in the last quarter. Institutional investors and hedge funds own 94.54% of the company’s stock.

A number of equities research analysts have recently issued reports on BWXT shares. BidaskClub raised shares of BWX Technologies from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 26th. Zacks Investment Research lowered shares of BWX Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. ValuEngine lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Wells Fargo & Co initiated coverage on shares of BWX Technologies in a research note on Monday, December 11th. They issued a “market perform” rating and a $65.00 price target on the stock. Finally, Robert W. Baird initiated coverage on shares of BWX Technologies in a research note on Tuesday, October 24th. They issued an “outperform” rating and a $70.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $65.88.

TRADEMARK VIOLATION WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/02/12/insider-selling-bwx-technologies-inc-bwxt-cfo-sells-1000-shares-of-stock.html.

BWX Technologies Company Profile

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.

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.

Leave a Reply