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

BWX Technologies, Inc. (NYSE:BWXT) declared a quarterly dividend on Monday, November 4th, NASDAQ reports. Stockholders of record on Tuesday, November 19th will be given 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 dividend yield of 0.82%. The ex-dividend date is Tuesday, November 19th.

BWX Technologies has increased its dividend by an average of 6.6% annually over the last three years. BWX Technologies has a payout ratio of 28.3% meaning 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 Stock Down 2.3 %

Shares of BWXT stock traded down $2.71 during mid-day trading on Tuesday, reaching $116.97. 1,950,057 shares of the company’s stock traded hands, compared to its average volume of 621,322. The company’s 50-day moving average price is $110.82 and its 200-day moving average price is $100.22. The company has a market cap of $10.69 billion, a P/E ratio of 38.58, a P/E/G 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. BWX Technologies has a 12 month low of $74.62 and a 12 month high of $128.00.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.06. The firm had revenue of $672.00 million during the quarter, compared to analyst estimates of $658.84 million. BWX Technologies had a net margin of 10.29% and a return on equity of 31.93%. The business’s revenue was up 13.9% on a year-over-year basis. During the same period last year, the business earned $0.67 earnings per share. On average, equities analysts expect that BWX Technologies will post 3.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BWXT. Barclays downgraded 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. StockNews.com raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Truist Financial increased their price target on shares of BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BWX Technologies from $113.00 to $129.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $110.50.

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.