BWX Technologies, Inc. (NYSE:BWXT) declared a quarterly dividend on Tuesday, August 8th, Wall Street Journal reports. Stockholders of record on Monday, August 21st will be paid a dividend of 0.11 per share by the technology company on Friday, September 8th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, August 17th.
BWX Technologies has a payout ratio of 21.3% meaning its dividend is sufficiently covered by earnings. Analysts expect BWX Technologies to earn $2.30 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 19.1%.
Shares of BWX Technologies (BWXT) traded down 0.65% during trading on Friday, hitting $53.29. 376,113 shares of the stock were exchanged. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 28.17 and a beta of 0.45. BWX Technologies has a one year low of $36.16 and a one year high of $54.53. The stock’s 50 day moving average price is $51.81 and its 200-day moving average price is $48.20.
BWX Technologies (NYSE:BWXT) last issued its earnings results on Monday, August 7th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.09. BWX Technologies had a net margin of 11.81% and a return on equity of 107.13%. The business had revenue of $410.01 million during the quarter, compared to analysts’ expectations of $429.38 million. During the same quarter in the prior year, the business posted $0.44 EPS. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts predict that BWX Technologies will post $2.03 EPS for the current year.
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A number of analysts recently weighed in on the stock. Bank of America Corporation reiterated a “buy” rating and set a $55.00 price target on shares of BWX Technologies in a research note on Thursday, August 10th. Zacks Investment Research upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Thursday, August 10th. Sidoti reiterated a “buy” rating and set a $62.00 price target on shares of BWX Technologies in a research note on Wednesday, May 31st. BidaskClub upgraded shares of BWX Technologies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Finally, Credit Suisse Group began coverage on shares of BWX Technologies in a research note on Friday, June 9th. They issued a “neutral” rating and a $51.00 target price for the company. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $52.83.
In other BWX Technologies news, insider Joseph G. Henry sold 15,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $53.81, for a total transaction of $807,150.00. Following the completion of the transaction, the insider now directly owns 10,639 shares in the company, valued at approximately $572,484.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Harbour Group L.P. Blue sold 3,295,098 shares of the firm’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $47.43, for a total transaction of $156,286,498.14. The disclosure for this sale can be found here. Insiders sold a total of 3,311,463 shares of company stock valued at $157,167,536 in the last quarter. Insiders own 0.76% of the company’s stock.
BWX Technologies Company Profile
BWX Technologies, Inc is a manufacturer of nuclear components and a service provider. The Company’s businesses focus on the design, engineering and manufacture of precision naval nuclear components, reactors and nuclear fuel for the United States Government. Its segments include Nuclear Operations, Technical Services, Nuclear Energy and Other.
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