Ronald Owen Whitford, Jr. Sells 2,000 Shares of BWX Technologies, Inc. (NYSE:BWXT) Stock

BWX Technologies, Inc. (NYSE:BWXT) SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total value of $209,840.00. Following the transaction, the senior vice president now directly owns 9,904 shares in the company, valued at approximately $1,039,127.68. This trade represents a 16.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BWX Technologies Trading Up 1.7 %

BWXT opened at $103.82 on Friday. BWX Technologies, Inc. has a twelve month low of $86.70 and a twelve month high of $136.31. The stock has a market capitalization of $9.50 billion, a price-to-earnings ratio of 34.38, a P/E/G ratio of 3.20 and a beta of 0.73. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. The company has a 50-day simple moving average of $112.93 and a 200 day simple moving average of $114.31.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.12. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company had revenue of $746.27 million during the quarter, compared to analysts’ expectations of $653.16 million. Analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 11th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.96%. This is a boost from BWX Technologies’s previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, March 11th. BWX Technologies’s dividend payout ratio is currently 32.57%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BWXT shares. Maxim Group lifted their target price on BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Alembic Global Advisors raised shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective on the stock in a research report on Tuesday, November 12th. Barclays raised their target price on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research note on Monday, December 16th. Finally, StockNews.com lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $127.50.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in BWX Technologies by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 9,211,924 shares of the technology company’s stock valued at $1,026,116,000 after buying an additional 202,917 shares during the last quarter. Demars Financial Group LLC lifted its holdings in BWX Technologies by 9,309.0% in the fourth quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company’s stock valued at $499,299,000 after buying an additional 4,434,799 shares during the period. Franklin Resources Inc. boosted its position in shares of BWX Technologies by 8.5% during the 4th quarter. Franklin Resources Inc. now owns 2,315,671 shares of the technology company’s stock valued at $257,943,000 after purchasing an additional 182,311 shares in the last quarter. FMR LLC increased its holdings in BWX Technologies by 22.3% in the third quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock worth $190,721,000 after purchasing an additional 320,217 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in BWX Technologies by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company’s stock worth $182,938,000 after buying an additional 26,130 shares during the period. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Company Profile

BWX Technologies, Inc, together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments, Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.