BWX Technologies (NYSE:BWXT) Sets New 52-Week High Following Dividend Announcement

Key Points

• BWX Technologies' stock reached a new 52-week high of $189.25 after announcing a $0.25 dividend to be paid on September 5th, resulting in an annualized dividend of $1.00 with a yield of 0.6%.
• Analysts have revised price targets for BWX Technologies; noteworthily, Truist Financial raised its target from $114.00 to $145.00, while Deutsche Bank increased theirs from $119.00 to $150.00.
• The company reported $1.02 EPS, exceeding expectations, along with 12.1% revenue growth compared to the same quarter last year, achieving $764 million in quarterly revenue.

BWX Technologies, Inc. (NYSE:BWXT - Get Free Report)'s stock price reached a new 52-week high on Wednesday following a dividend announcement from the company. The company traded as high as $189.25 and last traded at $181.55, with a volume of 4754629 shares changing hands. The stock had previously closed at $154.51.

The newly announced dividend which will be paid on Friday, September 5th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, August 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. BWX Technologies's dividend payout ratio is 31.25%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $150.00 target price (up previously from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. Truist Financial set a $145.00 price target on BWX Technologies and gave the stock a "hold" rating in a research note on Tuesday. Wall Street Zen upgraded shares of BWX Technologies from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. William Blair restated an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, June 18th. Finally, CLSA reissued an "outperform" rating and set a $177.60 price objective (up previously from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $142.37.

BWX Technologies Price Performance

The company has a 50 day simple moving average of $142.70 and a 200 day simple moving average of $119.17. The company has a market capitalization of $16.38 billion, a price-to-earnings ratio of 56.01, a price-to-earnings-growth ratio of 4.34 and a beta of 0.73. The company has a quick ratio of 1.91, a current ratio of 1.69 and a debt-to-equity ratio of 1.28.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.23. The business had revenue of $764.00 million for the quarter, compared to analyst estimates of $708.00 million. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The business's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.82 EPS. As a group, research analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

Hedge Funds Weigh In On BWX Technologies

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

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.