BWX Technologies Inc (NYSE:BWXT) CFO David S. Black Sells 1,000 Shares

BWX Technologies Inc (NYSE:BWXT) CFO David S. Black sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $54.73, for a total value of $54,730.00. Following the completion of the transaction, the chief financial officer now directly owns 75,161 shares in the company, valued at $4,113,561.53. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

NYSE BWXT traded up $0.49 during trading hours on Thursday, reaching $55.17. The company’s stock had a trading volume of 393,312 shares, compared to its average volume of 530,134. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 2.91. BWX Technologies Inc has a 1 year low of $35.91 and a 1 year high of $61.14. The firm’s 50-day moving average price is $58.06 and its 200-day moving average price is $52.80. The company has a market capitalization of $5.27 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 2.52 and a beta of 1.04.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings data on Monday, August 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.10. BWX Technologies had a return on equity of 83.20% and a net margin of 11.60%. The business had revenue of $471.00 million for the quarter, compared to the consensus estimate of $440.45 million. During the same quarter in the previous year, the company posted $0.58 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. Equities research analysts anticipate that BWX Technologies Inc will post 2.49 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. MML Investors Services LLC increased its stake in BWX Technologies by 14.1% in the 2nd quarter. MML Investors Services LLC now owns 6,307 shares of the technology company’s stock worth $329,000 after acquiring an additional 777 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in BWX Technologies by 9.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,147 shares of the technology company’s stock worth $164,000 after acquiring an additional 259 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in BWX Technologies by 13.0% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,656,977 shares of the technology company’s stock worth $86,328,000 after acquiring an additional 190,041 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in BWX Technologies in the 2nd quarter worth approximately $95,000. Finally, Stanley Laman Group Ltd. increased its stake in BWX Technologies by 0.6% in the 2nd quarter. Stanley Laman Group Ltd. now owns 92,643 shares of the technology company’s stock worth $4,827,000 after acquiring an additional 563 shares during the last quarter.

A number of research analysts recently commented on the company. SunTrust Banks set a $55.00 price target on BWX Technologies and gave the stock a “hold” rating in a report on Wednesday, August 7th. ValuEngine cut BWX Technologies from a “buy” rating to a “hold” rating in a report on Thursday. Seaport Global Securities set a $62.00 price target on BWX Technologies and gave the stock a “buy” rating in a report on Wednesday, August 7th. Maxim Group reissued a “buy” rating and issued a $71.00 price target on shares of BWX Technologies in a report on Wednesday, August 7th. Finally, Zacks Investment Research raised BWX Technologies from a “sell” rating to a “hold” rating in a report on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $56.43.

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.

Read More: Why investors pay attention to retained earnings

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.