BWX Technologies Inc (NYSE:BWXT) Insider Sells $97,392.00 in Stock

BWX Technologies Inc (NYSE:BWXT) insider Joel W. Duling sold 1,600 shares of BWX Technologies stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $60.87, for a total transaction of $97,392.00. Following the sale, the insider now owns 16,801 shares of the company’s stock, valued at $1,022,676.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of NYSE BWXT traded up $0.86 during midday trading on Wednesday, reaching $61.65. The company had a trading volume of 612,521 shares, compared to its average volume of 523,009. BWX Technologies Inc has a one year low of $35.91 and a one year high of $62.94. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 2.40. The firm’s fifty day moving average price is $57.83 and its 200-day moving average price is $54.33. The stock has a market cap of $5.86 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 2.73 and a beta of 1.04.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.14. The business had revenue of $506.00 million for the quarter, compared to analyst estimates of $486.02 million. BWX Technologies had a return on equity of 90.98% and a net margin of 10.93%. BWX Technologies’s revenue for the quarter was up 18.8% compared to the same quarter last year. During the same period last year, the company earned $0.40 EPS. As a group, equities research analysts expect that BWX Technologies Inc will post 2.55 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 20th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Tuesday, November 19th. BWX Technologies’s dividend payout ratio is 28.45%.

Institutional investors have recently modified their holdings of the company. Advisors Preferred LLC bought a new stake in shares of BWX Technologies in the 2nd quarter worth approximately $30,000. NumerixS Investment Technologies Inc purchased a new position in BWX Technologies during the 2nd quarter valued at $31,000. Private Ocean LLC purchased a new position in BWX Technologies during the 3rd quarter valued at $43,000. Selective Wealth Management Inc. purchased a new position in BWX Technologies during the 3rd quarter valued at $57,000. Finally, Huntington National Bank raised its holdings in BWX Technologies by 50.3% in the 2nd quarter. Huntington National Bank now owns 1,127 shares of the technology company’s stock worth $59,000 after purchasing an additional 377 shares in the last quarter.

A number of equities analysts have commented on BWXT shares. Zacks Investment Research cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Barclays set a $55.00 price target on BWX Technologies and gave the company a “sell” rating in a research report on Tuesday, October 8th. Seaport Global Securities set a $62.00 price target on BWX Technologies and gave the company a “buy” rating in a research report on Wednesday, August 7th. ValuEngine lowered BWX Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, Maxim Group reissued a “buy” rating and set a $71.00 price objective on shares of BWX Technologies in a report on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $60.50.

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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