BWX Technologies, Inc. (BWXT) Insider Harbour Group L.P. Blue Sells 1,992,829 Shares
BWX Technologies, Inc. (NYSE:BWXT) insider Harbour Group L.P. Blue sold 1,992,829 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $53.20, for a total transaction of $106,018,502.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of BWX Technologies, Inc. (NYSE BWXT) opened at 54.63 on Tuesday. The firm has a market cap of $5.43 billion, a P/E ratio of 28.87 and a beta of 0.46. The firm’s 50-day moving average is $53.49 and its 200-day moving average is $49.49. BWX Technologies, Inc. has a 1-year low of $36.16 and a 1-year high of $54.80.
BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, August 7th. The technology company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.09. The firm had revenue of $410.01 million for the quarter, compared to analysts’ expectations of $429.38 million. BWX Technologies had a return on equity of 107.13% and a net margin of 11.81%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.44 EPS. On average, analysts anticipate that BWX Technologies, Inc. will post $2.03 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Monday, August 21st were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Thursday, August 17th. BWX Technologies’s payout ratio is 23.28%.
BWXT has been the topic of a number of research reports. ValuEngine raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. BidaskClub lowered shares of BWX Technologies from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research raised shares of BWX Technologies from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Thursday, August 10th. Bank of America Corporation reaffirmed a “buy” rating and set a $55.00 target price on shares of BWX Technologies in a research report on Thursday, August 10th. Finally, Sidoti reaffirmed a “buy” rating and set a $62.00 target price on shares of BWX Technologies in a research report on Wednesday, May 31st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $52.83.
A number of hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio increased its position in BWX Technologies by 12.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 139,138 shares of the technology company’s stock worth $6,783,000 after buying an additional 15,367 shares during the period. Sterling Capital Management LLC bought a new position in BWX Technologies during the 2nd quarter worth $2,633,000. Migdal Insurance & Financial Holdings Ltd. increased its position in BWX Technologies by 38.6% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 55,509 shares of the technology company’s stock worth $2,649,000 after buying an additional 15,445 shares during the period. Arrowstreet Capital Limited Partnership increased its position in BWX Technologies by 84.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 904,130 shares of the technology company’s stock worth $44,076,000 after buying an additional 414,994 shares during the period. Finally, State Street Corp increased its position in 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 buying an additional 37,159 shares during the period. Hedge funds and other institutional investors own 97.03% of the company’s stock.
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.
Receive News & Stock Ratings for BWX Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BWX Technologies Inc. and related stocks with our FREE daily email newsletter.