Qsemble Capital Management LP Invests $843,000 in BWX Technologies, Inc. (NYSE:BWXT)

Qsemble Capital Management LP bought a new stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,752 shares of the technology company's stock, valued at approximately $843,000.

Other institutional investors also recently made changes to their positions in the company. Quent Capital LLC increased its stake in 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. raised its stake in shares of BWX Technologies by 729.0% during the 3rd quarter. UMB Bank n.a. now owns 257 shares of the technology company's stock worth $28,000 after buying an additional 226 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of BWX Technologies during the 3rd quarter worth $31,000. GAMMA Investing LLC boosted 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 worth $41,000 after buying an additional 159 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in BWX Technologies by 37.2% in the 2nd quarter. Blue Trust Inc. now owns 446 shares of the technology company's stock valued at $46,000 after acquiring an additional 121 shares during the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Bank of America upped their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft upped their target price on BWX Technologies from $129.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Truist Financial raised their price target on BWX Technologies from $95.00 to $106.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. StockNews.com downgraded BWX Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th. Finally, Alembic Global Advisors raised shares of BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 target price for the company in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.43.

BWX Technologies Trading Down 1.4 %

Shares of BWXT traded down $1.81 during mid-day trading on Wednesday, hitting $130.55. The company had a trading volume of 512,812 shares, compared to its average volume of 649,146. BWX Technologies, Inc. has a 1-year low of $74.69 and a 1-year high of $136.31. The business's 50-day simple moving average is $119.86 and its 200-day simple moving average is $104.02. The stock has a market cap of $11.94 billion, a PE ratio of 43.82, a P/E/G ratio of 4.37 and a beta of 0.69. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.06. The firm had revenue of $672.00 million during the quarter, compared to the consensus estimate of $658.84 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm's quarterly 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. Sell-side analysts forecast 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 given 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.