BWX Technologies Inc (NYSE:BWXT) CAO Richard W. Loving sold 300 shares of BWX Technologies stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $56.38, for a total transaction of $16,914.00. Following the sale, the chief accounting officer now owns 13,703 shares in the company, valued at approximately $772,575.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of BWXT stock traded up $0.34 on Thursday, reaching $56.65. The company’s stock had a trading volume of 431,918 shares, compared to its average volume of 604,076. The stock’s fifty day simple moving average is $57.59 and its 200-day simple moving average is $55.13. BWX Technologies Inc has a 1 year low of $40.40 and a 1 year high of $70.57. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.72. The company has a market capitalization of $5.40 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 2.87 and a beta of 1.01.
BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, August 3rd. The technology company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.15. BWX Technologies had a net margin of 13.44% and a return on equity of 68.61%. The firm had revenue of $505.00 million during the quarter, compared to analyst estimates of $458.25 million. During the same period last year, the firm posted $0.58 earnings per share. BWX Technologies’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities research analysts forecast that BWX Technologies Inc will post 2.91 earnings per share for the current year.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of BWX Technologies from a “sell” rating to a “hold” rating and set a $63.00 price objective on the stock in a research report on Thursday, August 6th. Maxim Group lifted their price objective on shares of BWX Technologies from $62.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $64.57.
Hedge funds and other institutional investors have recently bought and sold shares of the business. FIL Ltd purchased a new position in BWX Technologies during the second quarter worth $38,000. Advisors Asset Management Inc. purchased a new position in BWX Technologies during the second quarter worth $45,000. Private Advisor Group LLC purchased a new position in BWX Technologies during the second quarter worth $52,000. WASHINGTON TRUST Co purchased a new position in BWX Technologies during the second quarter worth $65,000. Finally, Cerebellum GP LLC purchased a new position in BWX Technologies during the second quarter worth $128,000. 98.50% of the stock is owned by institutional investors.
About BWX Technologies
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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