6,986 Shares in BWX Technologies, Inc. (NYSE:BWXT) Bought by Point72 DIFC Ltd

Point72 DIFC Ltd acquired 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,986 shares of the technology company's stock, valued at approximately $759,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Thrivent Financial for Lutherans raised its position in shares of BWX Technologies by 1,121.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 578,068 shares of the technology company's stock valued at $54,916,000 after buying an additional 530,749 shares in the last quarter. FMR LLC raised its position in BWX Technologies by 22.3% during the third quarter. FMR LLC now owns 1,754,567 shares of the technology company's stock valued at $190,721,000 after purchasing an additional 320,217 shares in the last quarter. Van ECK Associates Corp lifted its stake in BWX Technologies by 49.7% during the third quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company's stock worth $104,381,000 after purchasing an additional 318,598 shares during the last quarter. Sapient Capital LLC bought a new stake in BWX Technologies during the second quarter worth $29,408,000. Finally, American Century Companies Inc. boosted its holdings in shares of BWX Technologies by 37.9% in the 2nd quarter. American Century Companies Inc. now owns 738,542 shares of the technology company's stock valued at $70,161,000 after purchasing an additional 203,067 shares in the last quarter. Institutional investors own 94.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BWXT. Truist Financial upped their price objective on BWX Technologies from $95.00 to $106.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft boosted their target price on BWX Technologies from $129.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Bank of America raised their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. StockNews.com cut shares of BWX Technologies from a "buy" rating to a "hold" rating in a research 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 target price on the stock in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.43.

BWX Technologies Trading Down 1.5 %

NYSE:BWXT traded down $1.96 during mid-day trading on Friday, hitting $126.01. 886,993 shares of the company's stock were exchanged, compared to its average volume of 648,049. 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 current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $11.52 billion, a P/E ratio of 41.73, a PEG ratio of 4.33 and a beta of 0.70. The company has a 50 day simple moving average of $123.90 and a 200-day simple moving average of $106.06.

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 company 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.67 earnings per share. As a group, research analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.96 annualized dividend and a dividend yield of 0.76%. BWX Technologies's payout ratio is 31.79%.

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.