BWX Technologies, Inc. to Issue Quarterly Dividend of $0.25 (NYSE:BWXT)

Key Points

• BWX Technologies, Inc. announced a quarterly dividend of $0.25 per share, with an ex-dividend date of August 18th and a payment date on September 5th.
• The company reported earnings of $1.02 per share for the last quarter, exceeding analysts' expectations by $0.23, and revenue of $764 million, which was higher than the projected $708 million.
• BWX Technologies' stock has increased 17.5%, with a current trading price of $181.55 and a market capitalization of $16.59 billion.

BWX Technologies, Inc. (NYSE:BWXT - Get Free Report) announced a quarterly dividend on Tuesday, August 5th, Wall Street Journal reports. Investors of record on Monday, August 18th will be given a dividend of 0.25 per share by the technology company on Friday, September 5th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, August 18th.

BWX Technologies has a dividend payout ratio of 25.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect BWX Technologies to earn $3.42 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 29.2%.

BWX Technologies Trading Down 0.5%

NYSE BWXT traded down $0.98 during trading on Friday, hitting $178.55. The company had a trading volume of 297,615 shares, compared to its average volume of 1,121,196. The company's fifty day moving average is $142.70 and its 200-day moving average is $119.17. BWX Technologies has a one year low of $84.21 and a one year high of $189.25. The company has a current ratio of 1.69, a quick ratio of 1.91 and a debt-to-equity ratio of 1.28. The company has a market cap of $16.32 billion, a price-to-earnings ratio of 55.94, a price-to-earnings-growth ratio of 4.34 and a beta of 0.73.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.23. The company had revenue of $764.00 million during the quarter, compared to the consensus estimate of $708.00 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. BWX Technologies's revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.82 earnings per share. On average, sell-side analysts predict that BWX Technologies will post 3.23 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BWXT. Creative Financial Designs Inc. ADV boosted its stake in shares of BWX Technologies by 250.0% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 175 shares of the technology company's stock worth $25,000 after buying an additional 125 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in BWX Technologies by 861.9% in the second quarter. Hantz Financial Services Inc. now owns 202 shares of the technology company's stock valued at $29,000 after acquiring an additional 181 shares during the period. Stone House Investment Management LLC purchased a new position in BWX Technologies in the first quarter worth about $31,000. Compass Financial Services Inc bought a new stake in shares of BWX Technologies during the 1st quarter valued at about $33,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of BWX Technologies during the 4th quarter valued at about $34,000. Institutional investors own 94.39% of the company's stock.

BWX Technologies Company Profile

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.