BWX Technologies, Inc. (NYSE:BWXT) declared a quarterly dividend on Tuesday, August 8th, Wall Street Journal reports. Investors of record on Monday, August 21st will be given a dividend of 0.11 per share by the technology company on Friday, September 8th. This represents a $0.44 annualized dividend and a yield of 0.82%. The ex-dividend date is Thursday, August 17th.

BWX Technologies has a payout ratio of 21.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect BWX Technologies to earn $2.18 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 20.2%.

BWX Technologies (NYSE:BWXT) traded up 1.66% on Tuesday, reaching $53.87. The company had a trading volume of 931,122 shares. The firm has a 50-day moving average of $49.51 and a 200-day moving average of $47.21. BWX Technologies has a 12 month low of $36.16 and a 12 month high of $54.32. The stock has a market capitalization of $5.34 billion, a P/E ratio of 29.32 and a beta of 0.45.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings data on Monday, August 7th. The technology company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.47 by $0.09. BWX Technologies had a return on equity of 98.16% and a net margin of 11.63%. The company had revenue of $410.01 million for the quarter, compared to analyst estimates of $429.38 million. During the same period last year, the company posted $0.44 earnings per share. The firm’s revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts expect that BWX Technologies will post $1.99 earnings per share for the current fiscal year.

In other news, insider Harbour Group L.P. Blue sold 3,295,098 shares of the firm’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $47.43, for a total transaction of $156,286,498.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.76% of the stock is owned by company insiders.

BWXT has been the topic of several research reports. BidaskClub lowered BWX Technologies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Sidoti reissued a “buy” rating and issued a $62.00 price objective on shares of BWX Technologies in a research report on Wednesday, May 31st. Zacks Investment Research lowered BWX Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Credit Suisse Group initiated coverage on BWX Technologies in a research report on Friday, June 9th. They issued a “neutral” rating and a $51.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $51.50.

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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.

Dividend History for BWX Technologies (NYSE:BWXT)

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