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

BWX Technologies, Inc. (NYSE:BWXTGet Free Report) declared a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Investors of record on Friday, May 17th will be given a dividend of 0.24 per share by the technology company on Thursday, June 6th. This represents a $0.96 annualized dividend and a yield of 1.07%. The ex-dividend date is Thursday, May 16th.

BWX Technologies has raised its dividend by an average of 6.6% annually over the last three years and has raised its dividend annually for the last 9 consecutive years. BWX Technologies has a payout ratio of 28.2% meaning its dividend is sufficiently covered by earnings. Analysts expect BWX Technologies to earn $3.39 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 28.3%.

BWX Technologies Trading Up 1.0 %

Shares of BWXT stock traded up $0.89 on Wednesday, reaching $90.10. The company had a trading volume of 23,085 shares, compared to its average volume of 613,629. The company has a 50-day moving average of $97.40 and a 200-day moving average of $86.81. BWX Technologies has a 12 month low of $60.17 and a 12 month high of $107.18. The stock has a market cap of $8.24 billion, a PE ratio of 32.20, a PEG ratio of 2.82 and a beta of 0.75. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.29.

BWX Technologies (NYSE:BWXTGet Free Report) last posted its earnings results on Monday, May 6th. The technology company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.09. BWX Technologies had a net margin of 10.00% and a return on equity of 31.57%. The company had revenue of $603.97 million for the quarter, compared to analyst estimates of $599.92 million. During the same period last year, the business posted $0.70 earnings per share. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities analysts forecast that BWX Technologies will post 3.17 earnings per share for the current year.

Analyst Ratings Changes

BWXT has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on BWX Technologies from $111.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th. raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Bank of America boosted their price objective on shares of BWX Technologies from $82.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Finally, Truist Financial reiterated a “hold” rating and set a $95.00 price target (down previously from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.43.

Read Our Latest Stock Report on BWX Technologies

About BWX Technologies

(Get Free Report)

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.

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Dividend History for BWX Technologies (NYSE:BWXT)

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