Jason S. Kerr Sells 1,365 Shares of BWX Technologies Inc (NYSE:BWXT) Stock
BWX Technologies Inc (NYSE:BWXT) VP Jason S. Kerr sold 1,365 shares of the business’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $64.06, for a total transaction of $87,441.90. Following the completion of the transaction, the vice president now directly owns 9,132 shares in the company, valued at $584,995.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of BWX Technologies stock traded up $0.37 on Friday, hitting $62.57. The company’s stock had a trading volume of 343,725 shares, compared to its average volume of 464,889. BWX Technologies Inc has a 52-week low of $53.11 and a 52-week high of $72.18. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 1.72. The firm has a market capitalization of $6.13 billion, a PE ratio of 30.52, a P/E/G ratio of 2.17 and a beta of 0.48.
BWX Technologies (NYSE:BWXT) last released its quarterly earnings data on Monday, August 6th. The technology company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.02). BWX Technologies had a return on equity of 66.19% and a net margin of 9.05%. The business had revenue of $438.92 million during the quarter, compared to analysts’ expectations of $445.70 million. During the same quarter in the prior year, the firm earned $0.56 earnings per share. BWX Technologies’s quarterly revenue was up 7.1% on a year-over-year basis. research analysts expect that BWX Technologies Inc will post 2.54 EPS for the current fiscal year.
Several equities analysts have issued reports on BWXT shares. Zacks Investment Research raised shares of BWX Technologies from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Monday, July 9th. Drexel Hamilton reissued a “buy” rating and issued a $78.00 price objective on shares of BWX Technologies in a research note on Thursday, June 21st. ValuEngine cut shares of BWX Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 6th. SunTrust Banks dropped their price objective on shares of BWX Technologies from $83.00 to $79.00 and set a “buy” rating on the stock in a research note on Tuesday, August 21st. Finally, Bank of America reissued a “neutral” rating on shares of BWX Technologies in a research note on Saturday, June 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $70.00.
Institutional investors have recently added to or reduced their stakes in the stock. Brown Advisory Inc. boosted its position in shares of BWX Technologies by 29.1% in the 1st quarter. Brown Advisory Inc. now owns 4,614,365 shares of the technology company’s stock worth $293,151,000 after buying an additional 1,040,711 shares in the last quarter. Keeley Teton Advisors LLC lifted its holdings in BWX Technologies by 15.0% in the 1st quarter. Keeley Teton Advisors LLC now owns 48,075 shares of the technology company’s stock valued at $3,054,000 after purchasing an additional 6,288 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in BWX Technologies in the 2nd quarter valued at about $752,000. Global Financial Private Capital LLC purchased a new position in BWX Technologies in the 2nd quarter valued at about $320,000. Finally, Mesirow Financial Investment Management Equity Management purchased a new position in BWX Technologies in the 2nd quarter valued at about $1,451,000. Institutional investors and hedge funds own 95.29% of the company’s stock.
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.
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.