Quantinno Capital Management LP Acquires 30,523 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Quantinno Capital Management LP increased its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 330.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,749 shares of the technology company's stock after acquiring an additional 30,523 shares during the period. Quantinno Capital Management LP's holdings in BWX Technologies were worth $4,321,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Quarry LP grew its stake in shares of BWX Technologies by 93.6% in the third quarter. Quarry LP now owns 271 shares of the technology company's stock valued at $29,000 after buying an additional 131 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of BWX Technologies in the 3rd quarter worth approximately $759,000. Portolan Capital Management LLC bought a new position in shares of BWX Technologies during the third quarter worth about $2,677,000. Millburn Ridgefield Corp grew its holdings in BWX Technologies by 88.6% in the 3rd quarter. Millburn Ridgefield Corp now owns 875 shares of the technology company's stock worth $95,000 after buying an additional 411 shares in the last quarter. Finally, Morse Asset Management Inc acquired a new stake in BWX Technologies in the third quarter worth about $92,000. Hedge funds and other institutional investors own 94.39% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BWXT. Truist Financial lifted their price objective on shares of 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 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. Bank of America upped their price objective on shares of 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 upped their price objective on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Finally, StockNews.com lowered BWX Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, BWX Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.43.

BWX Technologies Price Performance

Shares of NYSE BWXT traded down $3.81 during midday trading on Monday, reaching $122.20. The company's stock had a trading volume of 819,779 shares, compared to its average volume of 648,159. The business's 50 day moving average price is $123.90 and its two-hundred day moving average price is $106.30. The company has a market cap of $11.17 billion, a P/E ratio of 41.73, a P/E/G ratio of 4.22 and a beta of 0.70. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. 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 issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.06. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The business had revenue of $672.00 million for the quarter, compared to analyst estimates of $658.84 million. During the same quarter in the previous year, the company posted $0.67 EPS. BWX Technologies's quarterly revenue was up 13.9% compared to the same quarter last year. On average, 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 issued a dividend of $0.24 per share. The ex-dividend date is Tuesday, November 19th. This represents a $0.96 annualized dividend and a yield of 0.79%. BWX Technologies's 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.