BWX Technologies, Inc. (NYSE:BWXT) Stock Holdings Boosted by Harvey Partners LLC

Harvey Partners LLC boosted its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 5.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 408,000 shares of the technology company's stock after acquiring an additional 22,500 shares during the period. BWX Technologies comprises approximately 5.0% of Harvey Partners LLC's portfolio, making the stock its 3rd largest position. Harvey Partners LLC owned approximately 0.45% of BWX Technologies worth $44,350,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Cetera Investment Advisers increased its stake in shares of BWX Technologies by 214.2% during the first quarter. Cetera Investment Advisers now owns 21,169 shares of the technology company's stock worth $2,172,000 after acquiring an additional 14,431 shares during the period. Cetera Advisors LLC acquired a new position in shares of BWX Technologies during the first quarter worth about $535,000. GAMMA Investing LLC increased its stake in shares of BWX Technologies by 58.9% during the second quarter. GAMMA Investing LLC now owns 429 shares of the technology company's stock worth $41,000 after acquiring an additional 159 shares during the period. Fulton Bank N.A. increased its stake in shares of BWX Technologies by 47.4% during the second quarter. Fulton Bank N.A. now owns 7,161 shares of the technology company's stock worth $680,000 after acquiring an additional 2,304 shares during the period. Finally, CWM LLC increased its stake in shares of BWX Technologies by 14.1% during the second quarter. CWM LLC now owns 1,353 shares of the technology company's stock worth $129,000 after acquiring an additional 167 shares during the period. 94.39% of the stock is owned by hedge funds and other institutional investors.

BWX Technologies Price Performance

Shares of BWXT stock traded up $0.07 during trading hours on Tuesday, hitting $129.20. The company's stock had a trading volume of 598,052 shares, compared to its average volume of 646,630. The business has a fifty day moving average of $122.21 and a 200-day moving average of $105.18. The stock has a market cap of $11.81 billion, a price-to-earnings ratio of 42.89, a P/E/G ratio of 4.38 and a beta of 0.70. BWX Technologies, Inc. has a twelve month low of $74.69 and a twelve month high of $136.31. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $672.00 million for the quarter, compared to the consensus estimate of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company's quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 earnings per share. As a group, equities research analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Tuesday, November 19th. BWX Technologies's payout ratio is 31.79%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Bank of America boosted their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Alembic Global Advisors upgraded shares of BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 target price on the stock in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft upped their target price on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Truist Financial upped their target price on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. Finally, StockNews.com lowered shares of BWX Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th. One equities 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's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.43.

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.