BWX Technologies Inc Plans Quarterly Dividend of $0.17 (NYSE:BWXT)

Share on StockTwits

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.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, August 5th. The technology company reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.10. The business had revenue of $471.00 million during the quarter, compared to analyst estimates of $440.45 million. BWX Technologies had a net margin of 11.60% and a return on equity of 83.20%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the business earned $0.58 EPS. As a group, equities analysts forecast that BWX Technologies will post 2.49 earnings per share for the current fiscal year.

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.

Recommended Story: How does quantitative easing work?

Dividend History for BWX Technologies (NYSE:BWXT)

Receive News & Ratings for BWX Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BWX Technologies and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Inogen Inc  Expected to Announce Earnings of $0.23 Per Share
Inogen Inc Expected to Announce Earnings of $0.23 Per Share
AMN Healthcare Services, Inc.  Given Consensus Rating of “Buy” by Brokerages
AMN Healthcare Services, Inc. Given Consensus Rating of “Buy” by Brokerages
$4.09 Billion in Sales Expected for General Mills, Inc.  This Quarter
$4.09 Billion in Sales Expected for General Mills, Inc. This Quarter
Endeavour Silver Corp  Receives $2.75 Consensus Target Price from Brokerages
Endeavour Silver Corp Receives $2.75 Consensus Target Price from Brokerages
Brokerages Set Alamos Gold Inc  Target Price at $6.77
Brokerages Set Alamos Gold Inc Target Price at $6.77
$0.77 Earnings Per Share Expected for General Mills, Inc.  This Quarter
$0.77 Earnings Per Share Expected for General Mills, Inc. This Quarter


© 2006-2019 Ticker Report