BWX Technologies Inc (NYSE:BWXT) declared a quarterly dividend on Tuesday, July 30th, NASDAQ reports. Stockholders of record on Friday, August 16th will be paid a dividend of 0.17 per share by the technology company on Friday, September 6th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Thursday, August 15th.
BWX Technologies has raised its dividend by an average of 74.7% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. BWX Technologies has a dividend payout ratio of 26.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect BWX Technologies to earn $2.78 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 24.5%.
Shares of BWXT stock opened at $56.31 on Wednesday. The company has a fifty day simple moving average of $52.96. BWX Technologies has a 52 week low of $35.91 and a 52 week high of $64.68. The company has a debt-to-equity ratio of 2.91, a quick ratio of 1.86 and a current ratio of 1.86. The stock has a market cap of $5.32 billion, a P/E ratio of 23.56, a PEG ratio of 2.59 and a beta of 1.05.
In other BWX Technologies news, CFO David S. Black sold 1,000 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $56.67, for a total transaction of $56,670.00. Following the completion of the transaction, the chief financial officer now directly owns 79,361 shares of the company’s stock, valued at approximately $4,497,387.87. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David S. Black sold 2,000 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $50.50, for a total transaction of $101,000.00. Following the transaction, the chief financial officer now directly owns 81,361 shares of the company’s stock, valued at $4,108,730.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,000 shares of company stock valued at $3,734,950. 0.44% of the stock is owned by company insiders.
A number of equities research analysts recently weighed in on the stock. SunTrust Banks set a $55.00 price target on shares of BWX Technologies and gave the company a “hold” rating in a report on Wednesday, August 7th. Seaport Global Securities set a $62.00 price target on shares of BWX Technologies and gave the company a “buy” rating in a report on Wednesday, August 7th. TheStreet raised shares of BWX Technologies from a “c+” rating to a “b-” rating in a report on Monday, April 29th. Maxim Group reaffirmed a “buy” rating and set a $71.00 price target on shares of BWX Technologies in a report on Wednesday, August 7th. Finally, Zacks Investment Research raised shares of BWX Technologies from a “sell” rating to a “hold” rating in a report on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. BWX Technologies currently has an average rating of “Hold” and an average price target of $56.43.
BWX Technologies Company Profile
BWX Technologies, Inc manufactures and sells nuclear components to the United States government. The company operates in three segments: Nuclear Operations, Technical Services, and Nuclear Energy. The Nuclear Operations segment offers precision naval nuclear components and reactors; close-tolerance and equipment for nuclear applications; and components for defense applications, as well as critical nuclear components, fuels, and assemblies for government and other uses.
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