BWX Technologies (NYSE:BWXT) released its quarterly earnings data on Sunday. The technology company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.02, Briefing.com reports. BWX Technologies had a net margin of 13.27% and a return on equity of 61.50%. The company had revenue of $528.00 million for the quarter, compared to analysts' expectations of $531.68 million. During the same quarter last year, the company earned $0.79 earnings per share. The firm's revenue for the quarter was down 2.6% on a year-over-year basis.
Shares of BWX Technologies stock opened at $67.27 on Tuesday. The firm's fifty day simple moving average is $66.40 and its 200-day simple moving average is $60.25. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 2.13 and a beta of 0.96. BWX Technologies has a 12 month low of $49.60 and a 12 month high of $68.67. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.85 and a quick ratio of 1.85.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 26th. Stockholders of record on Wednesday, March 10th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.25%. This is a boost from BWX Technologies's previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Tuesday, March 9th. BWX Technologies's payout ratio is presently 32.06%.
In other news, CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction on Thursday, February 11th. The shares were sold at an average price of $57.24, for a total value of $57,240.00. Following the transaction, the chief financial officer now directly owns 68,551 shares of the company's stock, valued at approximately $3,923,859.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 3,300 shares of company stock worth $205,752 over the last ninety days. Corporate insiders own 0.46% of the company's stock.
BWXT has been the topic of a number of research analyst reports. Robert W. Baird cut shares of BWX Technologies from an "outperform" rating to a "neutral" rating and set a $70.00 price objective on the stock. in a report on Thursday, January 7th. Maxim Group raised their price objective on shares of BWX Technologies from $75.00 to $80.00 and gave the stock a "buy" rating in a report on Wednesday, April 14th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. BWX Technologies has a consensus rating of "Buy" and a consensus target price of $71.40.
About BWX Technologies
BWX Technologies, Inc manufactures and sells nuclear components in the United States, Canada, and internationally. Its Nuclear Operations Group segment offers nuclear components, reactors, assemblies, and fuel for the United States Department of Energy/National Nuclear Security Administration's Naval Nuclear Propulsion Program and other uses; close-tolerance equipment for nuclear applications; research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications.
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