BWX Technologies Inc (NYSE:BWXT) CFO David S. Black sold 1,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $61.50, for a total value of $61,500.00.
Shares of BWXT stock opened at $61.50 on Monday. BWX Technologies Inc has a 1 year low of $35.91 and a 1 year high of $62.94. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.86 and a quick ratio of 1.86. The stock’s 50 day simple moving average is $57.58 and its two-hundred day simple moving average is $54.13. The company has a market cap of $5.83 billion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 2.72 and a beta of 1.04.
BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.14. BWX Technologies had a return on equity of 90.98% and a net margin of 10.93%. The business had revenue of $506.00 million for the quarter, compared to the consensus estimate of $486.02 million. During the same period in the prior year, the business posted $0.40 earnings per share. The company’s quarterly revenue was up 18.8% compared to the same quarter last year. Equities research analysts expect that BWX Technologies Inc will post 2.55 EPS for the current year.
A number of research firms recently commented on BWXT. Seaport Global Securities set a $62.00 target price on BWX Technologies and gave the stock a “buy” rating in a research report on Wednesday, August 7th. ValuEngine downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. Zacks Investment Research downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Barclays set a $55.00 price objective on BWX Technologies and gave the company a “sell” rating in a research report on Tuesday, October 8th. Finally, Maxim Group restated a “buy” rating and set a $71.00 price objective on shares of BWX Technologies in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $60.50.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harvest Investment Services LLC bought a new position in shares of BWX Technologies during the third quarter valued at approximately $239,000. Copeland Capital Management LLC grew its stake in shares of BWX Technologies by 11.6% during the third quarter. Copeland Capital Management LLC now owns 681,237 shares of the technology company’s stock valued at $38,974,000 after buying an additional 70,616 shares during the last quarter. Brasada Capital Management LP grew its stake in shares of BWX Technologies by 10.5% during the third quarter. Brasada Capital Management LP now owns 41,737 shares of the technology company’s stock valued at $2,388,000 after buying an additional 3,972 shares during the last quarter. Private Ocean LLC bought a new position in shares of BWX Technologies during the third quarter valued at approximately $43,000. Finally, First Trust Advisors LP bought a new position in shares of BWX Technologies during the third quarter valued at approximately $742,000.
BWX Technologies Company Profile
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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