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

BWX Technologies, Inc. (NYSE:BWXT) declared a quarterly dividend on Tuesday, May 6th, Wall Street Journal reports. Investors of record on Monday, May 19th will be given a dividend of 0.25 per share by the technology company on Thursday, June 5th. This represents a $1.00 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Monday, May 19th.

BWX Technologies has raised its dividend by an average of 4.6% 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 25.4% meaning 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 Trading Down 0.3 %

NYSE:BWXT opened at $107.85 on Thursday. BWX Technologies has a 1 year low of $84.21 and a 1 year high of $136.31. The stock’s fifty day moving average price is $102.08 and its two-hundred day moving average price is $112.89. 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 cap of $9.86 billion, a P/E ratio of 35.71, a P/E/G ratio of 3.20 and a beta of 0.66.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.18. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business had revenue of $682.26 million during the quarter, compared to analyst estimates of $644.15 million. During the same quarter in the previous year, the firm earned $0.76 EPS. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. As a group, analysts expect that BWX Technologies will post 3.23 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BWXT shares. Bank of America lowered their target price on shares of BWX Technologies from $160.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday, March 26th. Truist Financial lifted their price objective on BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Maxim Group upped their target price on BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Seaport Res Ptn raised BWX Technologies to a “strong-buy” rating in a report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $124.38.

Insider Activity at BWX Technologies

In other BWX Technologies news, CEO Rex D. Geveden sold 45,625 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $107.40, for a total value of $4,900,125.00. Following the completion of the sale, the chief executive officer now directly owns 218,218 shares of the company’s stock, valued at $23,436,613.20. The trade was a 17.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Robert L. Duffy sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total value of $624,180.00. Following the transaction, the senior vice president now directly owns 3,206 shares in the company, valued at $333,520.18. This trade represents a 65.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,625 shares of company stock valued at $5,734,145. Corporate insiders own 0.47% of the company’s stock.

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.