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

BWX Technologies, Inc. (NYSE:BWXT) announced a quarterly dividend on Monday, November 4th,NASDAQ Dividends 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 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Tuesday, November 19th.

BWX Technologies has raised its dividend by an average of 6.6% per year over the last three years. BWX Technologies has a payout ratio of 27.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect BWX Technologies to earn $3.42 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 28.1%.

BWX Technologies Stock Down 1.5 %

Shares of NYSE:BWXT opened at $126.25 on Monday. The company has a market capitalization of $11.54 billion, a PE ratio of 41.80, a price-to-earnings-growth ratio of 4.61 and a beta of 0.69. BWX Technologies has a 1 year low of $74.69 and a 1 year high of $136.31. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The business has a fifty day moving average price of $115.18 and a two-hundred day moving average price of $102.12.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. The business had revenue of $672.00 million during the quarter, compared to the consensus estimate of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.67 earnings per share. Analysts forecast that BWX Technologies will post 3.23 earnings per share for the current year.

Analyst Ratings Changes

BWXT has been the subject of a number of recent research reports. Truist Financial raised 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, November 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Bank of America upped their price objective on shares of BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a report on Thursday. Barclays downgraded shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and lifted their target price for the stock from $75.00 to $90.00 in a research note on Wednesday, July 24th. Finally, Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target on the stock in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, BWX Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $122.43.

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.