Bullseye Asset Management LLC Buys 5,000 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Bullseye Asset Management LLC boosted its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 39.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,655 shares of the technology company's stock after buying an additional 5,000 shares during the quarter. Bullseye Asset Management LLC's holdings in BWX Technologies were worth $1,920,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BWXT. Stone House Investment Management LLC lifted its stake in shares of BWX Technologies by 76.2% in the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company's stock valued at $25,000 after acquiring an additional 99 shares during the last quarter. Quent Capital LLC increased its holdings in BWX Technologies by 147.6% in the 3rd quarter. Quent Capital LLC now owns 255 shares of the technology company's stock worth $28,000 after purchasing an additional 152 shares in the last quarter. UMB Bank n.a. raised its position in BWX Technologies by 729.0% in the third quarter. UMB Bank n.a. now owns 257 shares of the technology company's stock valued at $28,000 after purchasing an additional 226 shares during the last quarter. Quarry LP boosted its stake in shares of BWX Technologies by 93.6% during the third quarter. Quarry LP now owns 271 shares of the technology company's stock valued at $29,000 after purchasing an additional 131 shares in the last quarter. Finally, V Square Quantitative Management LLC bought a new stake in shares of BWX Technologies during the third quarter worth about $31,000. Institutional investors own 94.39% of the company's stock.

Analyst Upgrades and Downgrades

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

BWX Technologies Trading Down 0.1 %

Shares of NYSE:BWXT traded down $0.07 during midday trading on Tuesday, reaching $122.13. The company's stock had a trading volume of 729,465 shares, compared to its average volume of 649,117. BWX Technologies, Inc. has a fifty-two week low of $74.69 and a fifty-two week high of $136.31. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The firm has a 50 day moving average price of $124.38 and a two-hundred day moving average price of $106.78. The firm has a market capitalization of $11.17 billion, a price-to-earnings ratio of 40.44, a PEG ratio of 4.22 and a beta of 0.70.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate 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 31.95% and a net margin of 10.32%. The company's revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 earnings per share. As a group, analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Tuesday, November 19th. BWX Technologies's dividend payout ratio (DPR) is currently 31.79%.

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.