Dynamic Technology Lab Private Ltd Makes New Investment in BWX Technologies, Inc. (NYSE:BWXT)

Dynamic Technology Lab Private Ltd purchased a new position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,495 shares of the technology company's stock, valued at approximately $1,032,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Algert Global LLC boosted its stake in BWX Technologies by 4.2% during the 3rd quarter. Algert Global LLC now owns 130,113 shares of the technology company's stock worth $14,143,000 after purchasing an additional 5,260 shares during the last quarter. Cerity Partners LLC boosted its stake in BWX Technologies by 69.2% during the 3rd quarter. Cerity Partners LLC now owns 21,703 shares of the technology company's stock worth $2,359,000 after purchasing an additional 8,876 shares during the last quarter. Citigroup Inc. boosted its stake in BWX Technologies by 40.4% during the 3rd quarter. Citigroup Inc. now owns 108,637 shares of the technology company's stock worth $11,809,000 after purchasing an additional 31,246 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in BWX Technologies during the 3rd quarter worth $335,000. Finally, King Luther Capital Management Corp boosted its stake in BWX Technologies by 13.3% during the 3rd quarter. King Luther Capital Management Corp now owns 99,212 shares of the technology company's stock worth $10,784,000 after purchasing an additional 11,618 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

BWX Technologies Trading Down 1.4 %

BWXT traded down $1.91 on Thursday, hitting $130.45. The company had a trading volume of 512,816 shares, compared to its average volume of 649,146. The firm has a market cap of $11.93 billion, a P/E ratio of 43.23, a PEG ratio of 4.37 and a beta of 0.69. BWX Technologies, Inc. has a 1 year low of $74.69 and a 1 year high of $136.31. The company's fifty day moving average price is $120.53 and its 200 day moving average price is $104.21. 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 issued 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 firm had revenue of $672.00 million for the quarter, compared to analyst estimates of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. BWX Technologies's revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 EPS. As a group, equities analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The firm also recently declared 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 presently 31.79%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BWXT shares. Truist Financial boosted their price target on shares of BWX Technologies from $95.00 to $106.00 and gave the company a "hold" rating in a research report on Tuesday, November 5th. Alembic Global Advisors raised shares of 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. Deutsche Bank Aktiengesellschaft boosted their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Bank of America boosted their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Finally, StockNews.com cut 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 given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $122.43.

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.