Point72 Hong Kong Ltd Invests $1.90 Million in BWX Technologies, Inc. (NYSE:BWXT)

Point72 Hong Kong Ltd purchased a new position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 17,488 shares of the technology company's stock, valued at approximately $1,901,000.

Other hedge funds have also bought and sold shares of the company. Stone House Investment Management LLC lifted its holdings in BWX Technologies by 76.2% in the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company's stock worth $25,000 after acquiring an additional 99 shares during the last quarter. Quent Capital LLC lifted its holdings in BWX Technologies by 147.6% in the third quarter. Quent Capital LLC now owns 255 shares of the technology company's stock worth $28,000 after acquiring an additional 152 shares during the last quarter. UMB Bank n.a. lifted its holdings in BWX Technologies by 729.0% in the third quarter. UMB Bank n.a. now owns 257 shares of the technology company's stock worth $28,000 after acquiring an additional 226 shares during the last quarter. V Square Quantitative Management LLC bought a new position in BWX Technologies in the third quarter worth about $31,000. Finally, GAMMA Investing LLC lifted its holdings in BWX Technologies by 58.9% in 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 last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BWXT has been the topic of a number of recent research reports. 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. Bank of America boosted their target price on BWX Technologies from $115.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. 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 report on Wednesday, November 6th. StockNews.com cut BWX Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. Finally, Truist Financial boosted their target price on BWX Technologies from $95.00 to $106.00 and gave the stock a "hold" rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $122.43.

BWX Technologies Trading Down 0.8 %

NYSE BWXT traded down $1.08 on Monday, hitting $129.77. 176,402 shares of the stock were exchanged, compared to its average volume of 645,681. BWX Technologies, Inc. has a 52-week low of $74.69 and a 52-week high of $136.31. 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 company has a market capitalization of $11.87 billion, a price-to-earnings ratio of 43.33, a P/E/G ratio of 4.38 and a beta of 0.69. The company's 50-day moving average price is $121.74 and its two-hundred day moving average price is $104.89.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.06. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The firm had revenue of $672.00 million for the quarter, compared to analysts' expectations of $658.84 million. During the same period in the previous year, the company posted $0.67 EPS. The company's quarterly revenue was up 13.9% compared to the same quarter last year. Research analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

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