BWX Technologies, Inc. to Issue Quarterly Dividend of $0.24 (NYSE:BWXT)

BWX Technologies, Inc. (NYSE:BWXT) declared a quarterly dividend on Monday, November 4th, NASDAQ reports. Investors of record on Tuesday, November 19th will be paid a dividend of 0.24 per share by the technology company on Tuesday, December 10th. This represents a $0.96 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Tuesday, November 19th.

BWX Technologies has raised its dividend payment by an average of 6.6% annually over the last three years. BWX Technologies has a dividend payout ratio of 28.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect BWX Technologies to earn $3.37 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 28.5%.

BWX Technologies Price Performance

Shares of BWX Technologies stock opened at $116.97 on Wednesday. The company has a market capitalization of $10.69 billion, a price-to-earnings ratio of 38.73, a PEG ratio of 4.41 and a beta of 0.69. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.21. The stock’s 50-day simple moving average is $111.13 and its 200-day simple moving average is $100.40. BWX Technologies has a 52 week low of $74.62 and a 52 week high of $128.00.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. The company had revenue of $672.00 million for the quarter, compared to analysts’ expectations of $658.84 million. During the same period in the previous year, the firm earned $0.67 EPS. The firm’s revenue was up 13.9% compared to the same quarter last year. As a group, analysts expect that BWX Technologies will post 3.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BWXT shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of BWX Technologies from $113.00 to $129.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Truist Financial boosted their target price on BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research report on Tuesday. Barclays cut BWX Technologies from an “equal weight” rating to an “underweight” rating and raised their price target for the company from $75.00 to $90.00 in a report on Wednesday, July 24th. Finally, StockNews.com raised BWX Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $110.50.

About BWX Technologies

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.