Energy News / Shareholders Foundation, Inc.

NYSE:BWXT Shareholder Notice: Investigation over Possible Securities Laws Violations by BWX Technologies, Inc.

Via: ReleaseWire

Updated 1:04 PM CST, Thu, November 29,2018

An investigation for investors in BWX Technologies, Inc. (NYSE: BWXT) shares over potential securities laws violations by BWX Technologies, Inc. was announced.

San Diego, CA -- (SBWIRE) -- 11/29/2018 -- An investigation was announced concerning possible securities laws violations by BWX Technologies, Inc. and certain of its directors and officers in connection with certain financial statements.

Investors who purchased shares of BWX Technologies, Inc. (NYSE: BWXT), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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 certain 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 $41.31 per shares on November 20, 2018.

On November 26, 2018, NYSE: BWXT shares closed at $42.73 per share.

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

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nysebwxt-shareholder-notice-investigation-over-possible-securities-laws-violations-by-bwx-technologies-inc-1093172.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com