14,634 Shares in BWX Technologies, Inc. (NYSE:BWXT) Acquired by Cinctive Capital Management LP

Cinctive Capital Management LP purchased a new position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,634 shares of the technology company's stock, valued at approximately $1,591,000.

Other hedge funds have also recently modified their holdings of the company. Stone House Investment Management LLC raised its holdings 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 purchasing an additional 99 shares in the last quarter. Quent Capital LLC raised its holdings in shares of BWX Technologies by 147.6% in the 3rd quarter. Quent Capital LLC now owns 255 shares of the technology company's stock valued at $28,000 after purchasing an additional 152 shares in the last quarter. UMB Bank n.a. grew its position in shares of BWX Technologies by 729.0% in the 3rd quarter. UMB Bank n.a. now owns 257 shares of the technology company's stock valued at $28,000 after buying an additional 226 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of BWX Technologies in the 3rd quarter valued at $31,000. Finally, GAMMA Investing LLC grew its position in shares of BWX Technologies by 58.9% in the 2nd quarter. GAMMA Investing LLC now owns 429 shares of the technology company's stock valued at $41,000 after buying an additional 159 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on BWXT. Bank of America raised their price objective 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. Deutsche Bank Aktiengesellschaft lifted their target price on shares of BWX Technologies from $129.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. StockNews.com downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. Alembic Global Advisors raised shares of BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 target price on the stock in a report on Tuesday, November 12th. Finally, Truist Financial lifted their target price on shares of BWX Technologies from $95.00 to $106.00 and gave the company a "hold" rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $122.43.

BWX Technologies Price Performance

BWXT traded up $1.27 during midday trading on Wednesday, reaching $130.47. 740,125 shares of the company's stock were exchanged, compared to its average volume of 647,031. 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 stock has a market capitalization of $11.93 billion, a PE ratio of 43.20, a P/E/G ratio of 4.33 and a beta of 0.70. The business's 50-day moving average price is $123.14 and its 200 day moving average price is $105.64. BWX Technologies, Inc. has a 1-year low of $74.69 and a 1-year high of $136.31.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.06. The business had revenue of $672.00 million during 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 period in the previous year, the firm posted $0.67 earnings per share. As a group, equities analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be paid a dividend of $0.24 per share. The ex-dividend date is Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a yield of 0.74%. BWX Technologies's dividend payout ratio (DPR) is 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.