BWX Technologies, Inc. (BWXT) To Go Ex-Dividend on November 19th

BWX Technologies, Inc. (NYSE:BWXT) declared a quarterly dividend on Monday, November 4th, NASDAQ reports. Shareholders of record on Tuesday, November 19th will be paid a dividend of 0.24 per share by the technology company on Tuesday, December 10th. This represents a $0.96 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Tuesday, November 19th.

BWX Technologies has raised its dividend by an average of 6.6% per year over the last three years. BWX Technologies has a dividend payout ratio of 28.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect BWX Technologies to earn $3.37 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 28.5%.

BWX Technologies Trading Down 2.3 %

NYSE BWXT opened at $116.97 on Wednesday. The firm has a market cap of $10.69 billion, a PE ratio of 38.73, a price-to-earnings-growth ratio of 4.41 and a beta of 0.69. BWX Technologies has a 1-year low of $74.62 and a 1-year high of $128.00. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.21. The stock has a 50-day moving average of $111.13 and a 200-day moving average of $100.40.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. The firm had revenue of $672.00 million for the quarter, compared to analyst estimates of $658.84 million. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the company earned $0.67 EPS. As a group, sell-side analysts forecast that BWX Technologies will post 3.2 EPS for the current year.

Wall Street Analyst Weigh In

BWXT has been the subject of several analyst reports. Barclays downgraded BWX Technologies from an “equal weight” rating to an “underweight” rating and raised their price target for the company from $75.00 to $90.00 in a report on Wednesday, July 24th. Truist Financial raised their price objective on shares of BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research note on Tuesday. StockNews.com upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of BWX Technologies from $113.00 to $129.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.50.

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.