Insider Selling: BWX Technologies Inc (NYSE:BWXT) CAO Sells 300 Shares of Stock

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.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Wednesday, August 19th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.34%. The ex-dividend date was Tuesday, August 18th. BWX Technologies’s payout ratio is 29.01%.

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

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