BWX Technologies, Inc. (NYSE:BWXT) CEO Sells $4,475,000.00 in Stock

BWX Technologies, Inc. CEO Rex D. Geveden sold 25,000 shares of the company's stock for $4,475,000 on August 6th, reducing his ownership by 11.23%. Post-transaction, he holds 197,594 shares valued at approximately $35.37 million. The stock opened at $179.24, with a market cap of $16.38 billion. The company reported $1.02 EPS for the last quarter, exceeding estimates, and announced a quarterly dividend of $0.25, payable on September 5th. Analysts have mixed ratings on the stock, with a consensus rating of "Moderate Buy" and a target price of $142.37.

BWX Technologies, Inc. (NYSE:BWXT - Get Free Report) CEO Rex D. Geveden sold 25,000 shares of BWX Technologies stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $179.00, for a total value of $4,475,000.00. Following the completion of the transaction, the chief executive officer owned 197,594 shares in the company, valued at $35,369,326. This trade represents a 11.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

BWX Technologies Price Performance

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BWXT stock opened at $179.24 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.91. The firm has a market capitalization of $16.38 billion, a P/E ratio of 56.01, a P/E/G ratio of 4.20 and a beta of 0.73. The business's 50-day moving average is $143.78 and its two-hundred day moving average is $119.53. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $189.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.23. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%. The business had revenue of $764.00 million for the quarter, compared to analyst estimates of $708.00 million. During the same quarter last year, the company earned $0.82 EPS. The business's quarterly revenue was up 12.1% on a year-over-year basis. Analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

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The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Monday, August 18th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Monday, August 18th. BWX Technologies's dividend payout ratio (DPR) is 31.25%.

Analyst Ratings Changes

BWXT has been the topic of a number of research analyst reports. CLSA restated an "outperform" rating and set a $177.60 price target (up previously from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Truist Financial set a $145.00 price target on BWX Technologies and gave the stock a "hold" rating in a research note on Tuesday. Wall Street Zen lowered BWX Technologies from a "buy" rating to a "hold" rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $150.00 price target (up previously from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. Finally, Maxim Group restated a "hold" rating on shares of BWX Technologies in a research note on Wednesday. One analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, BWX Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $142.37.

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Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Financial Designs Inc. ADV lifted its holdings in shares of BWX Technologies by 250.0% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 175 shares of the technology company's stock valued at $25,000 after buying an additional 125 shares during the period. Hantz Financial Services Inc. raised its holdings in BWX Technologies by 861.9% during the second quarter. Hantz Financial Services Inc. now owns 202 shares of the technology company's stock worth $29,000 after purchasing an additional 181 shares during the last quarter. Stone House Investment Management LLC acquired a new position in BWX Technologies during the first quarter worth $31,000. Compass Financial Services Inc acquired a new position in BWX Technologies during the first quarter worth $33,000. Finally, Ameriflex Group Inc. acquired a new position in BWX Technologies during the fourth quarter worth $34,000. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

About BWX Technologies

(Get Free Report)

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.