Ronald Owen Whitford, Jr. Sells 2,092 Shares of BWX Technologies, Inc. (NYSE:BWXT) Stock

Key Points

• Ronald Owen Whitford, Jr., SVP of BWX Technologies, sold 2,092 shares at an average price of $177.43, decreasing his ownership by 17.09%.
• BWX Technologies reported $1.02 earnings per share for the quarter, surpassing estimates and achieving a 12.1% year-over-year revenue increase.
• The company declared a $0.25 quarterly dividend, set to be paid on September 5th, with an annualized yield of 0.6%.

BWX Technologies, Inc. (NYSE:BWXT - Get Free Report) SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $177.43, for a total value of $371,183.56. Following the sale, the senior vice president directly owned 10,149 shares in the company, valued at $1,800,737.07. This trade represents a 17.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

BWX Technologies Stock Performance

Shares of BWXT stock traded up $1.68 during trading hours on Tuesday, reaching $179.57. 1,111,510 shares of the company traded hands, compared to its average volume of 1,123,899. The firm has a 50-day moving average price of $144.81 and a 200 day moving average price of $119.76. The company has a market cap of $16.41 billion, a P/E ratio of 56.12, a P/E/G ratio of 4.19 and a beta of 0.73. BWX Technologies, Inc. has a 12-month low of $84.21 and a 12-month high of $189.25. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.69 and a quick ratio of 1.60.

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 (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.23. The company had revenue of $764.00 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the company earned $0.82 EPS. As a group, sell-side analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently declared 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. The ex-dividend date is Monday, August 18th. This represents a $1.00 annualized dividend and a yield of 0.6%. BWX Technologies's payout ratio is presently 31.25%.

Institutional Trading of BWX Technologies

Hedge funds have recently bought and sold shares of the stock. Creative Financial Designs Inc. ADV lifted its stake in BWX Technologies by 250.0% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 175 shares of the technology company's stock worth $25,000 after purchasing an additional 125 shares in the last quarter. Hantz Financial Services Inc. increased its stake in BWX Technologies by 861.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 202 shares of the technology company's stock worth $29,000 after acquiring an additional 181 shares during the last quarter. Ameriflex Group Inc. bought a new stake in BWX Technologies in the 4th quarter worth approximately $34,000. Stone House Investment Management LLC bought a new stake in BWX Technologies in the 1st quarter worth approximately $31,000. Finally, Compass Financial Services Inc bought a new stake in BWX Technologies in the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 94.39% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on BWXT shares. Maxim Group reissued a "hold" rating on shares of BWX Technologies in a research report on Wednesday, August 6th. Wall Street Zen downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a research report on Saturday. CLSA reissued an "outperform" rating and set a $177.60 price objective (up previously from $153.00) on shares of BWX Technologies in a research report on Tuesday, May 27th. William Blair reissued an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. Finally, Truist Financial set a $145.00 price objective on BWX Technologies and gave the company a "hold" rating in a research report on Tuesday, August 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $142.37.

About BWX Technologies

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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