Quadrature Capital Ltd Purchases New Position in BWX Technologies, Inc. (NYSE:BWXT)

Quadrature Capital Ltd acquired a new position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,137 shares of the technology company's stock, valued at approximately $450,000.

Several other institutional investors have also added to or reduced their stakes in BWXT. Stone House Investment Management LLC raised its holdings in BWX Technologies by 76.2% during the 3rd 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 holdings in BWX Technologies by 147.6% during the 3rd quarter. Quent Capital LLC now owns 255 shares of the technology company's stock worth $28,000 after acquiring an additional 152 shares in the last quarter. UMB Bank n.a. raised its position in shares of BWX Technologies by 729.0% in the 3rd quarter. UMB Bank n.a. now owns 257 shares of the technology company's stock worth $28,000 after acquiring an additional 226 shares in the last quarter. Quarry LP lifted its position in BWX Technologies by 93.6% during the third quarter. Quarry LP now owns 271 shares of the technology company's stock valued at $29,000 after acquiring an additional 131 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in shares of BWX Technologies during the third quarter valued at about $31,000. 94.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BWXT has been the subject of several recent research reports. Alembic Global Advisors upgraded 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 lifted their target price on shares of BWX Technologies from $95.00 to $106.00 and gave the company a "hold" rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on BWX Technologies from $129.00 to $130.00 and gave the stock a "buy" 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 research note on Thursday, November 14th. Finally, StockNews.com cut BWX Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th. One investment 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, BWX Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $122.43.

BWX Technologies Price Performance

Shares of BWXT traded up $0.08 during trading hours on Tuesday, hitting $122.28. 442,720 shares of the company were exchanged, compared to its average volume of 647,858. 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 one year low of $74.69 and a one year high of $136.31. The company has a market capitalization of $11.18 billion, a PE ratio of 40.46, a PEG ratio of 4.22 and a beta of 0.70. The firm has a fifty day simple moving average of $124.17 and a 200-day simple moving average of $106.55.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its 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. 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 during the quarter, compared to analysts' expectations of $658.84 million. During the same period in the previous year, the company earned $0.67 earnings per share. The company's revenue was up 13.9% compared to the same quarter last year. As a group, sell-side analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be given a $0.24 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.79%. BWX Technologies's dividend payout ratio is currently 31.79%.

About BWX Technologies

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.