BWX Technologies, Inc. (NYSE:BWXT) SVP Omar Fathi Meguid Sells 2,261 Shares

Key Points

• The Senior Vice President of BWX Technologies, Omar Fathi Meguid, sold 2,261 shares at an average price of $179.84, decreasing his ownership of the stock by nearly 49%.
• BWX Technologies reported a quarterly earnings per share (EPS) of $1.02, exceeding expectations, with revenue increasing 12.1% year-over-year to $764 million.
• The company declared a quarterly dividend of $0.25 per share, to be paid on September 5th, indicating a 0.6% dividend yield and a payout ratio of 31.25%.

BWX Technologies, Inc. (NYSE:BWXT - Get Free Report) SVP Omar Fathi Meguid sold 2,261 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $179.84, for a total value of $406,618.24. Following the completion of the sale, the senior vice president owned 2,361 shares of the company's stock, valued at approximately $424,602.24. This represents a 48.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

BWX Technologies Stock Performance

Shares of NYSE BWXT traded down $3.11 during mid-day trading on Wednesday, hitting $176.40. The company had a trading volume of 267,410 shares, compared to its average volume of 1,118,209. The company has a market capitalization of $16.12 billion, a price-to-earnings ratio of 55.12, a P/E/G ratio of 4.16 and a beta of 0.73. BWX Technologies, Inc. has a 1 year low of $84.21 and a 1 year high of $189.25. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28. The stock's 50-day moving average price is $145.83 and its 200-day moving average price is $120.17.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.23. The company had revenue of $764.00 million during the quarter, compared to analysts' expectations of $708.00 million. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 earnings per share. On average, sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on BWXT shares. CLSA reiterated 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. Maxim Group reaffirmed a "hold" rating on shares of BWX Technologies in a report on Wednesday, August 6th. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. Wall Street Zen cut shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $150.00 price target (up previously from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $142.37.

Hedge Funds Weigh In On BWX Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vontobel Holding Ltd. purchased a new stake in BWX Technologies during the 1st quarter valued at about $383,000. Synergy Asset Management LLC purchased a new stake in BWX Technologies during the 1st quarter valued at about $296,000. Clear Creek Financial Management LLC purchased a new stake in BWX Technologies during the 1st quarter valued at about $223,000. Artemis Investment Management LLP purchased a new stake in BWX Technologies during the 1st quarter valued at about $19,331,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in BWX Technologies by 343.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 33,063 shares of the technology company's stock valued at $3,262,000 after acquiring an additional 25,615 shares during the period. 94.39% of the stock is currently owned by hedge funds and other 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.