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

BWX Technologies, Inc. (NYSE:BWXT) announced a quarterly dividend on Monday, August 5th, Wall Street Journal reports. Stockholders 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 is Friday, August 16th.

BWX Technologies has raised its dividend by an average of 6.6% annually over the last three years. BWX Technologies has a payout ratio of 28.2% indicating that 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 Stock Up 0.9 %

Shares of NYSE BWXT traded up $0.86 during trading hours on Tuesday, hitting $93.24. 796,015 shares of the stock were exchanged, compared to its average volume of 587,943. 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 company has a market cap of $8.52 billion, a PE ratio of 33.74, a PEG ratio of 3.65 and a beta of 0.68. The firm has a fifty day moving average price of $94.79 and a 200-day moving average price of $93.55. BWX Technologies has a 12 month low of $70.21 and a 12 month high of $107.18.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, August 5th. The technology company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.76 by $0.06. The firm had revenue of $681.50 million during the quarter, compared to analyst estimates of $639.31 million. BWX Technologies had a net margin of 10.00% and a return on equity of 31.57%. BWX Technologies’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 EPS. On average, sell-side analysts expect that BWX Technologies will post 3.19 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BWXT. StockNews.com downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. CLSA began coverage on shares of BWX Technologies in a research report on Monday, June 3rd. They set a “buy” rating on the stock. BTIG Research assumed coverage on shares of BWX Technologies in a research report on Wednesday, June 26th. They set a “buy” rating and a $110.00 target price on the stock. Barclays downgraded shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and upped their price objective for the company from $75.00 to $90.00 in a report on Wednesday, July 24th. Finally, Janney Montgomery Scott assumed coverage on shares of BWX Technologies in a report on Thursday, June 27th. They issued a “buy” rating and a $113.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock 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.