Quest Partners LLC Purchases 7,896 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Quest Partners LLC increased its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 500.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,475 shares of the technology company's stock after purchasing an additional 7,896 shares during the quarter. Quest Partners LLC's holdings in BWX Technologies were worth $1,030,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BWXT. Quent Capital LLC raised its stake 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 worth $28,000 after buying an additional 152 shares in the last quarter. UMB Bank n.a. raised its position in BWX Technologies by 729.0% in the third 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. V Square Quantitative Management LLC bought a new position in shares of BWX Technologies during the 3rd quarter valued at about $31,000. GAMMA Investing LLC raised its holdings 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 purchasing an additional 159 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in BWX Technologies by 37.2% during the second quarter. Blue Trust Inc. now owns 446 shares of the technology company's stock worth $46,000 after buying an additional 121 shares in the last quarter. Institutional investors own 94.39% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BWXT shares. StockNews.com cut BWX Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their target price 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. Bank of America lifted their price objective on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Alembic Global Advisors upgraded BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 target price for the company in a report on Tuesday, November 12th. Finally, Barclays lowered BWX Technologies from an "equal weight" rating to an "underweight" rating and raised their price objective for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, BWX Technologies has an average rating of "Moderate Buy" and a consensus target price of $122.43.

BWX Technologies Stock Up 2.9 %

Shares of BWXT traded up $3.71 during mid-day trading on Thursday, hitting $133.47. 308,359 shares of the company's stock were exchanged, compared to its average volume of 643,503. BWX Technologies, Inc. has a twelve month low of $74.69 and a twelve month high of $136.31. The firm has a fifty day moving average of $117.14 and a two-hundred day moving average of $102.76. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. The stock has a market cap of $12.20 billion, a price-to-earnings ratio of 42.97, a P/E/G ratio of 4.37 and a beta of 0.69.

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, beating 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 the consensus estimate of $658.84 million. During the same period last year, the business earned $0.67 EPS. The firm's revenue was up 13.9% compared to the same quarter last year. On average, sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Tuesday, November 19th. BWX Technologies's dividend payout ratio (DPR) 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.