BWX Technologies, Inc. (NYSE:BWXT) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP raised its holdings in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 339.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,733 shares of the technology company's stock after purchasing an additional 24,516 shares during the period. Quantbot Technologies LP's holdings in BWX Technologies were worth $3,449,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. AQR Capital Management LLC grew its stake in BWX Technologies by 77.8% during the second quarter. AQR Capital Management LLC now owns 132,263 shares of the technology company's stock worth $12,565,000 after purchasing an additional 57,879 shares during the period. Hilton Capital Management LLC purchased a new stake in BWX Technologies in the third quarter worth $2,237,000. Bridges Investment Management Inc. raised its holdings in BWX Technologies by 76.3% during the 2nd quarter. Bridges Investment Management Inc. now owns 359,147 shares of the technology company's stock valued at $34,119,000 after acquiring an additional 155,387 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in BWX Technologies by 8.6% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 471,090 shares of the technology company's stock worth $51,208,000 after purchasing an additional 37,250 shares during the period. Finally, Compass Wealth Management LLC bought a new position in BWX Technologies in the 3rd quarter worth about $3,456,000. Institutional investors and hedge funds own 94.39% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BWXT. Deutsche Bank Aktiengesellschaft raised 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. Truist Financial increased their target price on BWX Technologies from $95.00 to $106.00 and gave the stock a "hold" rating in a research note on Tuesday, November 5th. Alembic Global Advisors raised 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. StockNews.com lowered BWX Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. Finally, Bank of America increased their price objective on BWX Technologies from $115.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $122.43.

BWX Technologies Price Performance

BWXT traded down $1.91 on Thursday, hitting $130.45. 512,816 shares of the company's stock were exchanged, compared to its average volume of 649,146. The firm has a 50-day moving average price of $120.53 and a 200-day moving average price of $104.21. The stock has a market cap of $11.93 billion, a price-to-earnings ratio of 43.23, a P/E/G ratio of 4.37 and a beta of 0.69. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies, Inc. has a fifty-two week low of $74.69 and a fifty-two week high of $136.31.

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

BWX Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Tuesday, November 19th. BWX Technologies's payout ratio 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.