BWX Technologies, Inc. manufactures and sells nuclear components in the United States, Canada, and internationally. It operates in three segments: Nuclear Operations Group, Nuclear Power Group, and Nuclear Services Group. The Nuclear Operations Group segment provides precision naval and critical nuclear components, reactors, nuclear fuel, and assemblies for the United States Department of Energy/National Nuclear Security Administration's Naval Nuclear Propulsion Program and other uses; missile launch tubes for United States Navy submarines; close-tolerance and equipment for nuclear applications; and converts Cold War-era government stockpiles of high-enriched uranium, as well as receives, stores, characterizes, dissolves, recovers, and purifies uranium-bearing materials; supplies research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications. The Nuclear Power Group segment offers commercial nuclear steam generators, nuclear fuel, fuel handling systems, pressure vessels, reactor components, heat exchangers, tooling delivery systems, and containers; engineering and in-plant services for nuclear power plants; designs, manufactures, commissions, and services nuclear power generation equipment; in-plant inspection, maintenance, and modification services, as well as non-destructive examination and tooling/repair solutions; and supplies medical radioisotopes and radiopharmaceuticals for research, diagnostic, and therapeutic uses. The Nuclear Services Group segment provides nuclear materials processing, environmental site restoration, and management and operating services; develops technology for nuclear power sources application; and designs, engineers, licenses, and manufactures nuclear reactors. The company was formerly known as The Babcock & Wilcox Company and changed its name to BWX Technologies, Inc. in June 2015. BWX Technologies, Inc. was founded in 1867 and is headquartered in Lynchburg, Virginia.
BWX Technologies Stock Performance
Shares of BWXT Stock traded up $0.12 during mid-day trading on Monday, reaching $54.92. The stock had a trading volume of 595,219 shares, compared to its average volume of 678,198. The business's fifty day moving average is $54.14 and its 200-day moving average is $52.06. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 1.96. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 2.61 and a beta of 0.77. BWX Technologies has a 1-year low of $42.58 and a 1-year high of $62.53.
BWX Technologies (NYSE:BWXT - Get Rating) last announced its quarterly earnings data on Monday, August 8th. The technology company reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.07. The business had revenue of $554.00 million for the quarter, compared to analyst estimates of $544.13 million. BWX Technologies had a return on equity of 46.29% and a net margin of 14.27%. The company's revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.62 earnings per share. On average, research analysts forecast that BWX Technologies will post 3.21 earnings per share for the current year.
BWX Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Friday, August 19th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.60%. The ex-dividend date is Thursday, August 18th. BWX Technologies's dividend payout ratio (DPR) is 26.27%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded BWX Technologies from a "hold" rating to a "buy" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.00.