BWX Technologies, Inc. (NYSE:BWXT) Raises Dividend to $0.25 Per Share

BWX Technologies, Inc. (NYSE:BWXT) declared a quarterly dividend on Monday, February 24th, RTT News reports. Investors of record on Tuesday, March 11th will be given a dividend of 0.25 per share by the technology company on Friday, March 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.00%. This is an increase from BWX Technologies’s previous quarterly dividend of $0.24.

BWX Technologies has raised its dividend payment by an average of 4.6% per year over the last three years. BWX Technologies has a payout ratio of 24.6% 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 %

BWXT opened at $99.84 on Tuesday. The business has a 50 day moving average price of $113.75 and a two-hundred day moving average price of $114.23. BWX Technologies has a 52 week low of $86.70 and a 52 week high of $136.31. The company has a market cap of $9.13 billion, a PE ratio of 33.06, a P/E/G ratio of 3.20 and a beta of 0.73. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.12. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. As a group, research analysts anticipate that BWX Technologies will post 3.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Truist Financial raised their price target on BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Barclays upped their price objective on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a report on Monday, December 16th. Maxim Group raised their target price on BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.50.

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.