BWX Technologies, Inc. (NYSE:BWXT) Plans $0.25 Quarterly Dividend

BWX Technologies, Inc. (NYSE:BWXT) announced a quarterly dividend on Monday, November 3rd. Shareholders of record on Wednesday, November 19th will be paid a dividend of 0.25 per share by the technology company on Wednesday, December 10th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, November 19th.

BWX Technologies has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. BWX Technologies has a payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect BWX Technologies to earn $3.42 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 29.2%.

BWX Technologies Price Performance

Shares of NYSE BWXT traded down $11.83 during midday trading on Tuesday, reaching $204.03. 851,813 shares of the company traded hands, compared to its average volume of 1,146,228. BWX Technologies has a 12 month low of $84.21 and a 12 month high of $218.50. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69. The stock’s 50-day simple moving average is $184.84 and its 200-day simple moving average is $153.13. The firm has a market cap of $18.65 billion, a PE ratio of 63.94, a PEG ratio of 4.24 and a beta of 0.78.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, November 3rd. The technology company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.15. BWX Technologies had a net margin of 10.28% and a return on equity of 30.61%. The business had revenue of $866.29 million for the quarter, compared to analyst estimates of $795.48 million. During the same quarter in the prior year, the firm earned $0.83 EPS. The firm’s quarterly revenue was up 28.9% compared to the same quarter last year. BWX Technologies has set its FY 2025 guidance at 3.750-3.800 EPS. As a group, equities analysts anticipate that BWX Technologies will post 3.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Maxim Group reiterated a “hold” rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Bank of America boosted their price objective on BWX Technologies from $155.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. William Blair restated an “outperform” rating on shares of BWX Technologies in a report on Wednesday, September 17th. Weiss Ratings cut BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Finally, Northland Securities began coverage on shares of BWX Technologies in a research report on Wednesday, September 10th. They set an “outperform” rating and a $205.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, BWX Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.45.

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.