Bwx Tech Incorporated (NYSE:BWXT) Reports Decline in Sellers; Strong Momentum for Longs

September 17, 2017 - By Adrian Mccoy

 Bwx Tech Incorporated (NYSE:BWXT) Reports Decline in Sellers; Strong Momentum for Longs

The stock of Bwx Tech Incorporated (NYSE:BWXT) registered a decrease of 26.09% in short interest. BWXT’s total short interest was 1.36 million shares in September as published by FINRA. Its down 26.09% from 1.84 million shares, reported previously. With 498,500 shares average volume, it will take short sellers 3 days to cover their BWXT’s short positions.

The stock increased 0.28% or $0.15 on September 15, reaching $53.44. About 642,914 shares traded or 12.88% up from the average. BWX Technologies Inc (NYSE:BWXT) has risen 41.41% since September 17, 2016 and is uptrending. It has outperformed by 24.71% the S&P500.

BWX Technologies, Inc. is a manufacturer of nuclear components and a service provider. The company has market cap of $5.31 billion. 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. It has a 27.91 P/E ratio. The Company’s divisions include Nuclear Operations, Technical Services, Nuclear Energy and Other.

BWX Technologies Inc (NYSE:BWXT) Ratings Coverage

Among 7 analysts covering BWX Technologies (NYSE:BWXT), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. BWX Technologies had 9 analyst reports since October 13, 2015 according to SRatingsIntel. On Thursday, August 10 the stock rating was maintained by Bank of America with “Buy”. The rating was reinitiated by KeyBanc Capital Markets on Tuesday, October 13 with “Overweight”. Drexel Hamilton initiated the shares of BWXT in report on Friday, April 1 with “Hold” rating. The rating was initiated by Sidoti on Friday, March 18 with “Buy”. The firm has “Buy” rating given on Thursday, January 19 by Suntrust Robinson. The company was downgraded on Friday, November 18 by Bank of America. Bank of America upgraded the stock to “Buy” rating in Tuesday, March 21 report.

More notable recent BWX Technologies Inc (NYSE:BWXT) news were published by: Seekingalpha.com which released: “BWX Technologies’ (BWXT) CEO Rex Geveden on Q2 2017 Results – Earnings Call …” on August 11, 2017, also Seekingalpha.com with their article: “BWX Technologies’ (BWXT) CEO Rex Geveden on Q1 2017 Results – Earnings Call …” published on May 02, 2017, Fool.com published: “Why BWX Technologies Inc. Bounced 12% Higher” on February 28, 2017. More interesting news about BWX Technologies Inc (NYSE:BWXT) were released by: Businesswire.com and their article: “BWX Technologies Announces Second Quarter 2017 Results” published on August 07, 2017 as well as Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: Microchip Technology, Ryder System and BWX Technologies” with publication date: August 15, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.