BWX Technologies, Inc. (NYSE:BWXT – Get Free Report) announced a quarterly dividend on Wednesday, April 29th. Shareholders of record on Tuesday, May 19th will be given a dividend of 0.27 per share by the technology company on Friday, June 5th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Tuesday, May 19th.
BWX Technologies has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. BWX Technologies has a dividend payout ratio of 27.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect BWX Technologies to earn $5.20 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 20.8%.
BWX Technologies Price Performance
NYSE BWXT opened at $204.48 on Friday. The company has a quick ratio of 2.33, a current ratio of 2.40 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $18.73 billion, a PE ratio of 54.68, a price-to-earnings-growth ratio of 3.37 and a beta of 0.78. The company has a 50 day moving average price of $212.76 and a two-hundred day moving average price of $199.93. BWX Technologies has a 12-month low of $106.22 and a 12-month high of $241.82.
Analysts Set New Price Targets
BWXT has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Truist Financial boosted their price objective on shares of BWX Technologies from $205.00 to $212.00 and gave the stock a “hold” rating in a research note on Monday, May 11th. BTIG Research boosted their price objective on shares of BWX Technologies from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. TD Securities assumed coverage on shares of BWX Technologies in a research note on Thursday, March 12th. They issued a “buy” rating and a $230.00 price objective for the company. Finally, Bank of America boosted their price objective on shares of BWX Technologies from $230.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, March 25th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $222.96.
Read Our Latest Report on BWXT
BWX Technologies Company Profile
BWX Technologies, Inc (NYSE: BWXT) is a specialized supplier of nuclear components and services, primarily serving the U.S. government and commercial markets. The company’s core expertise lies in the design, fabrication and servicing of nuclear propulsion systems for the U.S. Navy, where it supports the maintenance and overhaul of naval nuclear reactors. In addition to defense applications, BWXT develops small modular reactors (SMRs), nuclear fuel and related technologies for non‐defense power generation, offering scalable solutions to meet evolving energy and industrial demands.
Beyond propulsion and power systems, BWXT is a leading producer of medical radioisotopes used in diagnostic imaging and cancer treatment.
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