BWX Technologies, Inc. (NYSE: BWXT) Investor Investigation Concerning Possible Securities Laws Violations Announced

Investors who purchased shares of BWX Technologies, Inc. (NYSE: BWXT), have certain options and should contact the Shareholders Foundation, Inc.

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Company Name(s): 
BWX Technologies
Affected Securities: 

An investigation on behalf of investors of BWX Technologies, Inc. (NYSE: BWXT) shares over potential securities laws violations by BWX Technologies, Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of BWX Technologies, Inc. (NYSE: BWXT) concerning whether a series of statements by BWX Technologies, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Lynchburg, VA based BWX Technologies, Inc. manufactures and sells nuclear components to the United States government. BWX Technologies, Inc. reported that its annual Total Revenue rose from over $1.55 billion in 2016 to over $1.68 billion in 2017 and that its Net Income declined from $183.05 million in 2016 to $147.84 million in 2017.

Shares of BWX Technologies, Inc. (NYSE: BWXT) grew from $46.01 per share in June 2017 to as high as $70.24 per share in April 2018.
On November 6, 2018, post-market, BWX Technologies, Inc announced its financial and operating results for the third quarter of 2018. BWX Technologies, Inc reported, in part, that its “[t]hird quarter results were negatively impacted by a reserve on missile tubes and increased interest expense.”

Shares of BWX Technologies, Inc. (NYSE: BWXT) declined to $44.50 per shares on November 7, 2018.