According to Zacks, “BWX Technologies, Inc. supplies precision manufactured components and services to the commercial nuclear power industry. The company offers technical, management and site services to governments in complex facilities and environmental remediation activities. It operates primarily in Lynchburg, Va., Ohio and Cambridge, Ontario. BWX Technologies, Inc., formerly known as Babcock & Wilcox Company, is headquartered in Lynchburg, Va. “
BWX Technologies (NYSE:BWXT) opened at 39.44 on Monday. BWX Technologies has a one year low of $25.02 and a one year high of $39.70. The firm has a 50-day moving average price of $38.74 and a 200-day moving average price of $35.56. The firm has a market capitalization of $4.08 billion, a P/E ratio of 20.05 and a beta of 0.64.
BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.06. The company had revenue of $402.38 million for the quarter, compared to analyst estimates of $367.04 million. BWX Technologies had a return on equity of 60.44% and a net margin of 14.07%. BWX Technologies’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 EPS. Equities analysts anticipate that BWX Technologies will post $1.66 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Monday, August 22nd were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Thursday, August 18th. BWX Technologies’s dividend payout ratio is currently 18.27%.
In other news, SVP James D. Canafax sold 4,500 shares of the stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $37.74, for a total value of $169,830.00. Following the transaction, the senior vice president now owns 67,600 shares in the company, valued at approximately $2,551,224. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph G. Henry sold 16,032 shares of the stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $39.28, for a total value of $629,736.96. Following the completion of the transaction, the insider now owns 36,425 shares in the company, valued at approximately $1,430,774. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its position in BWX Technologies by 48.6% in the first quarter. Goldman Sachs Group Inc. now owns 335,207 shares of the company’s stock worth $11,249,000 after buying an additional 109,668 shares during the last quarter. State Street Corp increased its position in BWX Technologies by 2.8% in the first quarter. State Street Corp now owns 1,607,839 shares of the company’s stock worth $53,958,000 after buying an additional 44,028 shares during the last quarter. Picton Mahoney Asset Management increased its position in BWX Technologies by 171.8% in the first quarter. Picton Mahoney Asset Management now owns 281,712 shares of the company’s stock worth $9,453,000 after buying an additional 178,068 shares during the last quarter. M&T Bank Corp acquired a new position in BWX Technologies during the first quarter worth approximately $221,000. Finally, Menta Capital LLC increased its position in BWX Technologies by 43.9% in the first quarter. Menta Capital LLC now owns 94,979 shares of the company’s stock worth $3,187,000 after buying an additional 28,988 shares during the last quarter. Institutional investors and hedge funds own 94.36% of the company’s stock.
BWX Technologies Company Profile
BWX Technologies, Inc, formerly The Babcock & Wilcox Company, is a manufacturer of nuclear components and a service provider. The Company’s businesses focus on the design, engineering and manufacture of precision naval nuclear components, reactors and nuclear fuel for the United States Government. Its segments include Nuclear Operations, Technical Services, Nuclear Energy and Other.
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