BWX Technologies, Inc. (NYSE:BWXT) Director Leland D. Melvin Sells 600 Shares

Key Points

• Director Leland D. Melvin of BWX Technologies sold 600 shares at an average price of $178.26, resulting in a total transaction of $106,956 and a 9.71% decrease in his position.
• BWX Technologies reported quarterly earnings of $1.02 per share, exceeding analyst expectations by $0.23, and experienced a revenue increase of 12.1% year-over-year.
• The company announced a quarterly dividend of $0.25, with an annualized amount of $1.00 and a yield of 0.6%, to be paid on September 5th to shareholders of record on August 18th.

BWX Technologies, Inc. (NYSE:BWXT - Get Free Report) Director Leland D. Melvin sold 600 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $178.26, for a total transaction of $106,956.00. Following the transaction, the director directly owned 5,579 shares of the company's stock, valued at approximately $994,512.54. This trade represents a 9.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

BWX Technologies Trading Up 0.9%

NYSE:BWXT traded up $1.68 on Tuesday, reaching $179.57. The stock had a trading volume of 1,111,516 shares, compared to its average volume of 1,123,908. The company has a market cap of $16.41 billion, a price-to-earnings ratio of 56.12, a P/E/G ratio of 4.19 and a beta of 0.73. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60. The firm's fifty day moving average is $144.81 and its two-hundred day moving average is $119.76. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $189.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $764.00 million for the quarter, compared to analyst estimates of $708.00 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The company's revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 EPS. Equities analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

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

Institutional Trading of BWX Technologies

Several large investors have recently bought and sold shares of the company. Demars Financial Group LLC boosted its stake in shares of BWX Technologies by 9,309.0% during the 4th 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 last quarter. Valeo Financial Advisors LLC lifted its stake in BWX Technologies by 33,572.0% during the second quarter. Valeo Financial Advisors LLC now owns 1,517,599 shares of the technology company's stock worth $2,228,000 after purchasing an additional 1,513,092 shares during the last quarter. Artisan Partners Limited Partnership bought a new position in BWX Technologies during the second quarter worth $183,859,000. William Blair Investment Management LLC lifted its stake in BWX Technologies by 523.2% during the second quarter. William Blair Investment Management LLC now owns 1,517,356 shares of the technology company's stock worth $218,590,000 after purchasing an additional 1,273,895 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new position in BWX Technologies during the second quarter worth $132,498,000. Institutional investors and hedge funds own 94.39% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Truist Financial set a $145.00 target price on shares of BWX Technologies and gave the company a "hold" rating in a report on Tuesday, August 5th. Wall Street Zen cut shares of BWX Technologies from a "buy" rating to a "hold" rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $150.00 price target (up from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. CLSA reaffirmed an "outperform" rating and set a $177.60 price target (up from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. Finally, Maxim Group reaffirmed a "hold" rating on shares of BWX Technologies in a research note on Wednesday, August 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, BWX Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $142.37.

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.

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