Polar Asset Management Partners Inc. Sells 40,900 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Polar Asset Management Partners Inc. decreased its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 77.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,800 shares of the technology company's stock after selling 40,900 shares during the period. Polar Asset Management Partners Inc.'s holdings in BWX Technologies were worth $1,283,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Stone House Investment Management LLC increased its stake in shares of BWX Technologies by 76.2% in the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company's stock valued at $25,000 after buying an additional 99 shares during the period. Quent Capital LLC grew its position 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 buying an additional 152 shares during the last quarter. UMB Bank n.a. increased its stake in shares of BWX Technologies by 729.0% in the third 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 period. V Square Quantitative Management LLC bought a new position in shares of BWX Technologies during the third quarter worth about $31,000. Finally, GAMMA Investing LLC lifted its stake in shares of 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 period. Institutional investors and hedge funds own 94.39% of the company's stock.

BWX Technologies Stock Down 1.5 %

Shares of NYSE BWXT traded down $1.96 during trading on Friday, hitting $126.01. The stock had a trading volume of 886,993 shares, compared to its average volume of 648,049. The firm has a fifty day moving average of $123.56 and a two-hundred day moving average of $105.80. The company has a market capitalization of $11.52 billion, a PE ratio of 42.37, a PEG ratio of 4.33 and a beta of 0.70. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. BWX Technologies, Inc. has a 12 month low of $74.69 and a 12 month high of $136.31.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.77 by $0.06. The firm had revenue of $672.00 million during 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%. The company's revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the business posted $0.67 EPS. As a group, equities research analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The firm 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 $0.24 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a yield of 0.76%. BWX Technologies's dividend payout ratio (DPR) is presently 31.79%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. StockNews.com downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th. Bank of America boosted their price objective on BWX Technologies from $115.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Alembic Global Advisors raised shares of BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 price target for the company in a research report on Tuesday, November 12th. 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 note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of BWX Technologies from $129.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. One investment 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, the company presently has an average rating of "Moderate Buy" and an average price target of $122.43.

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.