BWX Technologies, Inc. (NYSE:BWXT) Announces Quarterly Dividend of $0.24

BWX Technologies, Inc. (NYSE:BWXT) declared a quarterly dividend on Tuesday, August 6th, Wall Street Journal reports. Investors of record on Friday, August 16th will be given a dividend of 0.24 per share by the technology company on Thursday, September 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, August 16th.

BWX Technologies has increased its dividend payment by an average of 6.6% annually over the last three years. BWX Technologies has a payout ratio of 28.2% meaning its dividend is sufficiently covered by earnings. Analysts expect BWX Technologies to earn $3.40 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 28.2%.

BWX Technologies Price Performance

BWXT traded up $0.83 during trading on Tuesday, hitting $93.21. The company’s stock had a trading volume of 617,703 shares, compared to its average volume of 586,754. The stock has a market capitalization of $8.52 billion, a price-to-earnings ratio of 33.74, a price-to-earnings-growth ratio of 3.65 and a beta of 0.68. BWX Technologies has a 12 month low of $70.21 and a 12 month high of $107.18. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.29. The firm’s 50 day moving average price is $94.79 and its two-hundred day moving average price is $93.55.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, August 5th. The technology company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.76 by $0.06. The firm had revenue of $681.50 million for the quarter, compared to analysts’ expectations of $639.31 million. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 EPS. Sell-side analysts forecast that BWX Technologies will post 3.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BWXT has been the subject of a number of analyst reports. Barclays downgraded BWX Technologies from an “equal weight” rating to an “underweight” rating and raised their price target for the company from $75.00 to $90.00 in a research note on Wednesday, July 24th. CLSA started coverage on shares of BWX Technologies in a research report on Monday, June 3rd. They set a “buy” rating on the stock. BTIG Research began coverage on shares of BWX Technologies in a research report on Wednesday, June 26th. They issued a “buy” rating and a $110.00 price objective for the company. StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Finally, Janney Montgomery Scott began coverage on shares of BWX Technologies in a report on Thursday, June 27th. They issued a “buy” rating and a $113.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $100.38.

About BWX Technologies

BWX Technologies, Inc, together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments, Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.