BWX Technologies Inc (NYSE:BWXT) SVP James D. Canafax sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $46.49, for a total value of $209,205.00. Following the transaction, the senior vice president now owns 54,600 shares in the company, valued at approximately $2,538,354. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
BWX Technologies Inc (NYSE:BWXT) opened at 46.85 on Tuesday. BWX Technologies Inc has a one year low of $32.24 and a one year high of $48.36. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 26.62 and a beta of 0.36. The firm has a 50-day moving average price of $43.98 and a 200-day moving average price of $40.39.
BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, February 27th. The company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.08. The business had revenue of $403.86 million for the quarter, compared to analyst estimates of $367.61 million. BWX Technologies had a return on equity of 72.58% and a net margin of 9.68%. BWX Technologies’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $0.38 earnings per share. Analysts expect that BWX Technologies Inc will post $1.91 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 29th. Shareholders of record on Friday, March 10th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Wednesday, March 8th. BWX Technologies’s dividend payout ratio is currently 25.71%.
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Several equities research analysts have commented on BWXT shares. Bank of America Corp upgraded BWX Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the company from $43.00 to $55.00 in a research note on Tuesday. Zacks Investment Research upgraded BWX Technologies from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Wednesday, January 11th. Finally, SunTrust Banks, Inc. assumed coverage on BWX Technologies in a research report on Thursday, January 19th. They set a “buy” rating and a $46.00 price target on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. BWX Technologies presently has an average rating of “Buy” and an average price target of $47.25.
A number of hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado increased its stake in BWX Technologies by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 3,006 shares of the company’s stock worth $115,000 after buying an additional 12 shares in the last quarter. M&T Bank Corp boosted its position in shares of BWX Technologies by 1.2% in the third quarter. M&T Bank Corp now owns 6,716 shares of the company’s stock valued at $259,000 after buying an additional 77 shares during the period. Suntrust Banks Inc. boosted its position in shares of BWX Technologies by 0.6% in the third quarter. Suntrust Banks Inc. now owns 25,053 shares of the company’s stock valued at $960,000 after buying an additional 141 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of BWX Technologies by 3.0% in the third quarter. PNC Financial Services Group Inc. now owns 4,974 shares of the company’s stock valued at $190,000 after buying an additional 145 shares during the period. Finally, Schafer Cullen Capital Management Inc. boosted its position in shares of BWX Technologies by 11.4% in the third quarter. Schafer Cullen Capital Management Inc. now owns 6,401 shares of the company’s stock valued at $246,000 after buying an additional 656 shares during the period. 98.19% of the stock is owned by institutional investors and hedge funds.
BWX Technologies Company Profile
BWX Technologies, Inc, formerly The Babcock & Wilcox Company, 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.
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