Insider Selling: BWX Technologies, Inc. (NYSE:BWXT) SVP Sells 2,000 Shares of Stock

BWX Technologies, Inc. (NYSE:BWXT - Get Free Report) SVP Ronald Owen Whitford, Jr. sold 2,000 shares of BWX Technologies stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $104.92, for a total value of $209,840.00. Following the sale, the senior vice president now directly owns 9,904 shares of the company's stock, valued at $1,039,127.68. This represents a 16.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

BWX Technologies Trading Up 1.3 %

NYSE BWXT traded up $1.34 during trading on Tuesday, hitting $102.84. 807,602 shares of the company's stock traded hands, compared to its average volume of 710,182. The stock has a fifty day moving average of $112.72 and a two-hundred day moving average of $114.45. BWX Technologies, Inc. has a 12-month low of $86.70 and a 12-month high of $136.31. The firm has a market cap of $9.41 billion, a P/E ratio of 34.02, a PEG ratio of 3.20 and a beta of 0.73. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.12. The company had revenue of $746.27 million during the quarter, compared to analysts' expectations of $653.16 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. As a group, sell-side analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current year.

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BWX Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 11th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.97%. This is an increase from BWX Technologies's previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, March 11th. BWX Technologies's payout ratio is presently 32.57%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BWXT. StockNews.com cut shares of BWX Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th. Maxim Group raised their price objective on shares of BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Alembic Global Advisors upgraded shares of BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 target price for the company in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft increased their target price on BWX Technologies from $129.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Finally, Bank of America lifted their price target on BWX Technologies from $115.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $127.50.

Hedge Funds Weigh In On BWX Technologies

Several hedge funds and other institutional investors have recently modified their holdings of BWXT. Ameriflex Group Inc. purchased a new stake in BWX Technologies in the 4th quarter worth approximately $34,000. Vermillion Wealth Management Inc. purchased a new stake in BWX Technologies in the fourth quarter worth $40,000. Mackenzie Financial Corp purchased a new stake in BWX Technologies in the fourth quarter worth $387,000. 10Elms LLP bought a new stake in shares of BWX Technologies during the 4th quarter valued at about $168,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in BWX Technologies by 1.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 319,455 shares of the technology company's stock valued at $35,584,000 after acquiring an additional 5,336 shares in the last quarter. 94.39% of the stock is 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.