BWX Technologies, Inc. (NYSE:BWXT) Shares Purchased by Royce & Associates LP

Royce & Associates LP boosted its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 6.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 153,614 shares of the technology company's stock after purchasing an additional 9,960 shares during the quarter. Royce & Associates LP owned about 0.17% of BWX Technologies worth $16,698,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. AQR Capital Management LLC lifted its position 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 valued at $12,565,000 after buying an additional 57,879 shares in the last quarter. Bridges Investment Management Inc. lifted its holdings in shares of 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 in the last quarter. Russell Investments Group Ltd. boosted its position in BWX Technologies by 39.9% during the 1st quarter. Russell Investments Group Ltd. now owns 111,757 shares of the technology company's stock worth $11,469,000 after purchasing an additional 31,845 shares during the period. Compass Wealth Management LLC acquired a new stake in BWX Technologies in the 3rd quarter valued at $3,456,000. Finally, Copeland Capital Management LLC increased its holdings in BWX Technologies by 0.8% in the 3rd quarter. Copeland Capital Management LLC now owns 711,773 shares of the technology company's stock valued at $77,370,000 after purchasing an additional 5,723 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company's stock.

BWX Technologies Stock Down 1.5 %

Shares of BWXT traded down $1.98 during midday trading on Friday, hitting $126.25. The company had a trading volume of 968,567 shares, compared to its average volume of 641,837. The stock has a market cap of $11.54 billion, a price-to-earnings ratio of 41.80, a PEG ratio of 4.82 and a beta of 0.69. The company's 50 day moving average price is $115.18 and its 200 day moving average price is $102.08. 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, Inc. has a 52 week low of $74.69 and a 52 week high of $136.31.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.06. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm had revenue of $672.00 million during the quarter, compared to analyst estimates of $658.84 million. During the same period in the previous year, the company earned $0.67 earnings per share. BWX Technologies's quarterly revenue was up 13.9% on a year-over-year basis. On average, equities research analysts predict that BWX Technologies, Inc. will post 3.21 EPS 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 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 dividend yield of 0.76%. BWX Technologies's dividend payout ratio (DPR) is 31.79%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barclays downgraded BWX Technologies from an "equal weight" rating to an "underweight" rating and upped their target price for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. StockNews.com downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th. Alembic Global Advisors raised shares of BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 target price on the stock in a research report on Tuesday. Bank of America upped their target price on shares of BWX Technologies from $115.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Truist Financial boosted their price objective on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a "hold" rating in a report on Tuesday, November 5th. One equities research 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 MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $122.43.

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.