BWX Technologies, Inc. (NYSE:BWXT) Announces Dividend Increase – $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 yield of 1.00%. This is a boost 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% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of BWXT traded down $1.54 on Monday, hitting $99.84. The company’s stock had a trading volume of 1,172,180 shares, compared to its average volume of 942,709. BWX Technologies has a fifty-two week low of $86.70 and a fifty-two week high of $136.31. The company has a 50 day moving average price of $114.19 and a 200 day moving average price of $114.22. 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 company has a market capitalization of $9.13 billion, a PE ratio of 33.06, a PEG ratio of 3.20 and a beta of 0.73.

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

Analysts Set New Price Targets

A number of research firms recently weighed in on BWXT. Barclays boosted their target price on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a report on Monday, December 16th. Truist Financial upped their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Maxim Group raised their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Bank of America increased their price objective on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, StockNews.com downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.