BWX Technologies, Inc. (NYSE:BWXT) Increases 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 paid a dividend of 0.25 per share by the technology company on Friday, March 28th. This represents a $1.00 annualized dividend and a yield of 1.00%. This is an increase from BWX Technologies’s previous quarterly dividend of $0.24.

BWX Technologies has increased 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. Equities 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 $0.96 annual dividend with an expected future payout ratio of 28.1%.

BWX Technologies Price Performance

BWX Technologies stock opened at $99.84 on Tuesday. The firm’s 50-day moving average is $113.75 and its two-hundred day moving average is $114.23. 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 stock has a market capitalization of $9.13 billion, a P/E ratio of 33.06, a P/E/G ratio of 3.20 and a beta of 0.73. BWX Technologies has a 12-month low of $86.70 and a 12-month high of $136.31.

BWX Technologies (NYSE:BWXT) last announced its earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share (EPS) for the quarter, topping 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%. Equities analysts predict that BWX Technologies will post 3.23 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on BWXT. Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price for the company in a research note on Tuesday, November 12th. Maxim Group upped their price objective 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. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upped their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Truist Financial lifted their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $127.50.

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.