Portolan Capital Management LLC Purchases New Shares in BWX Technologies, Inc. (NYSE:BWXT)

Portolan Capital Management LLC bought a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,632 shares of the technology company's stock, valued at approximately $2,677,000.

Other institutional investors also recently bought and sold shares of the company. CIBC Asset Management Inc grew its stake in shares of BWX Technologies by 3.4% during the third quarter. CIBC Asset Management Inc now owns 2,667 shares of the technology company's stock worth $290,000 after acquiring an additional 87 shares during the last quarter. Stone House Investment Management LLC grew its position in BWX Technologies by 76.2% during the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company's stock worth $25,000 after purchasing an additional 99 shares during the last quarter. Blue Trust Inc. grew its position in BWX Technologies by 37.2% during the 2nd quarter. Blue Trust Inc. now owns 446 shares of the technology company's stock worth $46,000 after purchasing an additional 121 shares during the last quarter. Hancock Whitney Corp increased its stake in BWX Technologies by 5.8% during the 3rd quarter. Hancock Whitney Corp now owns 2,434 shares of the technology company's stock valued at $265,000 after purchasing an additional 133 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its holdings in shares of BWX Technologies by 4.3% in the third quarter. Valeo Financial Advisors LLC now owns 3,539 shares of the technology company's stock worth $385,000 after buying an additional 145 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Stock Performance

BWXT stock traded down $2.53 during trading on Thursday, hitting $127.97. 647,028 shares of the company traded hands, compared to its average volume of 647,031. BWX Technologies, Inc. has a 1 year low of $74.69 and a 1 year high of $136.31. The company has a market cap of $11.70 billion, a PE ratio of 42.37, a P/E/G ratio of 4.33 and a beta of 0.70. The stock's 50-day simple moving average is $123.56 and its 200 day simple moving average is $105.80. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.06. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The firm had revenue of $672.00 million during the quarter, compared to analyst estimates of $658.84 million. During the same period in the previous year, the firm earned $0.67 EPS. The business's quarterly revenue was up 13.9% on a year-over-year basis. On average, equities analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be given a $0.24 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.75%. BWX Technologies's dividend payout ratio (DPR) is currently 31.79%.

Analyst Ratings Changes

BWXT has been the topic of a number of research analyst reports. Bank of America boosted their price objective on shares of BWX Technologies from $115.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Truist Financial boosted their price target on BWX Technologies from $95.00 to $106.00 and gave the company a "hold" rating in a research note on Tuesday, November 5th. StockNews.com lowered BWX Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their target price on BWX Technologies from $129.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Finally, Alembic Global Advisors upgraded shares of BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 price target on the stock in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $122.43.

BWX Technologies 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.