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LYNCHBURG, Va.--(BUSINESS WIRE)--Dec 2, 2024-- BWX Technologies, Inc. (NYSE: BWXT) is pleased to announce an award from the U.S. Department of Energy for cleanup operations at the West Valley Demonstration Project in West Valley, New York. The Phase 1B contract was awarded to West Valley Cleanup Alliance, LLC (WVCA), which is a joint venture led by BWXT Technical Services Group, Inc. and includes Jacobs Technology, Inc. and Geosyntec Consultants, Inc. WVCA also includes teaming subcontractors Perma-Fix Environmental Services, Inc. and North Wind Portage, Inc. The IDIQ contract has a 10-year ordering period with a maximum value of up to $3.0 billion that can be performed for up to 15 years. Under the contract, WVCA will continue the current cleanup mission to include, but not be limited to, the demolition of remaining near- and below-grade components of the main plant process building; additional facility deactivation and demolition; contaminated soils remediation and disposition; waste management and legacy waste disposition; safeguards and security; environmental monitoring; surveillance and maintenance; and program support activities. “BWXT has played an important role in D&D at West Valley since August 2011 as a member of the current cleanup contractor. Having personally worked at the site several years ago, I’m especially pleased to continue our collaboration with the customer and the community on this important effort,” said Heatherly Dukes, president of BWXT Technical Services Group. “While we have made significant progress, there remains more to do under this phase of the project, and we’re looking forward to continuing the successful cleanup in the years to come.” The West Valley Demonstration Project (WVDP) is an approximately 150-acre area located 35 miles south of Buffalo, New York. The site is owned by the New York State Energy Research and Development Authority and is home to the only commercial spent nuclear fuel reprocessing facility to operate in the United States. Operating from 1963 to 1972, the site processed 640 metric tons of spent nuclear fuel and generated over 600,000 gallons of liquid high-level waste. In 1980, Congress passed the WVDP Act, which required the Department of Energy to conduct a high-level waste management demonstration project at the site and transport it to a federal repository for disposal. Forward Looking Statements BWXT cautions that this release contains forward-looking statements, including statements relating to the performance, timing, impact and value, to the extent contract value can be viewed as an indicator of future revenues, of the cleanup contract at the West Valley Demonstration Project, future work at the West Valley Demonstration Project, and the award or exercise of any contract options or orders. These forward-looking statements involve a number of risks and uncertainties, including, among other things, modification or termination of the cleanup contract and delays. If one or more of these or other risks materialize, actual results may vary materially from those expressed. For a more complete discussion of these and other risk factors, please see BWXT’s annual report on Form 10-K for the year ended December 31, 2023 and subsequent quarterly reports on Form 10-Q filed with the Securities and Exchange Commission. BWXT cautions not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law. About BWXT At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. A U.S.-based company, BWXT is a Fortune 1000 and Defense News Top 100 manufacturing and engineering innovator that provides safe and effective nuclear solutions for global security, clean energy, environmental restoration, nuclear medicine and space exploration. With approximately 7,800 employees, BWXT has 14 major operating sites in the U.S., Canada and the U.K. In addition, BWXT joint ventures provide management and operations at a dozen U.S. Department of Energy and NASA facilities. For more information, visit www.bwxt.com . Follow us on LinkedIn , X , Facebook and Instagram . View source version on businesswire.com : https://www.businesswire.com/news/home/20241202964228/en/ CONTACT: Media Contact Suzy Sterner Chief Corporate Affairs Officer 202-428-6905ssterner@bwxt.comInvestor Contact Chase Jacobson Vice President, Investor Relations 980.365.4300investors@bwxt.com KEYWORD: UNITED STATES NORTH AMERICA CANADA NEW YORK VIRGINIA INDUSTRY KEYWORD: WHITE HOUSE/FEDERAL GOVERNMENT PUBLIC POLICY/GOVERNMENT ENVIRONMENT ENVIRONMENTAL HEALTH ENERGY NUCLEAR SOURCE: BWX Technologies, Inc. Copyright Business Wire 2024. PUB: 12/02/2024 04:30 PM/DISC: 12/02/2024 04:32 PM http://www.businesswire.com/news/home/20241202964228/en
Quest Partners LLC lessened its holdings in SkyWest, Inc. ( NASDAQ:SKYW – Free Report ) by 40.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,874 shares of the transportation company’s stock after selling 4,609 shares during the quarter. Quest Partners LLC’s holdings in SkyWest were worth $584,000 as of its most recent filing with the Securities and Exchange Commission. Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. NBC Securities Inc. lifted its holdings in shares of SkyWest by 1,368.0% in the 3rd quarter. NBC Securities Inc. now owns 367 shares of the transportation company’s stock valued at $31,000 after buying an additional 342 shares during the period. Kings Path Partners LLC acquired a new stake in SkyWest in the second quarter valued at $42,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of SkyWest during the 2nd quarter worth $54,000. CWM LLC grew its stake in shares of SkyWest by 57.3% during the 2nd quarter. CWM LLC now owns 766 shares of the transportation company’s stock worth $63,000 after purchasing an additional 279 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of SkyWest by 45.9% in the 2nd quarter. GAMMA Investing LLC now owns 928 shares of the transportation company’s stock valued at $76,000 after purchasing an additional 292 shares in the last quarter. Institutional investors and hedge funds own 81.30% of the company’s stock. SkyWest Trading Up 2.1 % Shares of SKYW opened at $111.90 on Friday. SkyWest, Inc. has a 1-year low of $45.42 and a 1-year high of $116.47. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.76. The firm has a 50 day simple moving average of $94.46 and a 200-day simple moving average of $83.49. The stock has a market cap of $4.51 billion, a price-to-earnings ratio of 19.13 and a beta of 1.93. Insider Transactions at SkyWest In related news, CEO Russell A. Childs sold 27,903 shares of SkyWest stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $111.47, for a total value of $3,110,347.41. Following the transaction, the chief executive officer now owns 349,548 shares in the company, valued at approximately $38,964,115.56. This trade represents a 7.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, CAO Eric Woodward sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $111.53, for a total value of $446,120.00. Following the sale, the chief accounting officer now owns 44,426 shares of the company’s stock, valued at $4,954,831.78. This represents a 8.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold a total of 92,467 shares of company stock worth $10,082,596 over the last ninety days. 2.00% of the stock is currently owned by corporate insiders. Analyst Upgrades and Downgrades Several brokerages have weighed in on SKYW. Raymond James upped their target price on shares of SkyWest from $100.00 to $114.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. TD Cowen upped their price target on SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $119.00 price objective on shares of SkyWest in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $105.75. Get Our Latest Stock Analysis on SKYW About SkyWest ( Free Report ) SkyWest, Inc is the holding company for two scheduled passenger airline operations and an aircraft leasing company. SkyWest’s airline companies provide commercial air service in cities throughout North America with nearly 3,000 daily flights carrying more than 53 million passengers annually. SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, American Airlines and Alaska Airlines. Further Reading Want to see what other hedge funds are holding SKYW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SkyWest, Inc. ( NASDAQ:SKYW – Free Report ). Receive News & Ratings for SkyWest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SkyWest and related companies with MarketBeat.com's FREE daily email newsletter .