Verition Fund Management LLC Purchases 41,699 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Verition Fund Management LLC boosted its position in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 101.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 82,854 shares of the technology company's stock after purchasing an additional 41,699 shares during the quarter. Verition Fund Management LLC owned about 0.09% of BWX Technologies worth $9,006,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Captrust Financial Advisors grew its position in shares of BWX Technologies by 4.7% during the 3rd quarter. Captrust Financial Advisors now owns 27,066 shares of the technology company's stock worth $2,942,000 after buying an additional 1,217 shares during the period. Stone House Investment Management LLC raised its position in shares of 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 acquiring an additional 99 shares during the last quarter. Quantbot Technologies LP raised its position in shares of BWX Technologies by 339.7% during the 3rd quarter. Quantbot Technologies LP now owns 31,733 shares of the technology company's stock valued at $3,449,000 after acquiring an additional 24,516 shares during the last quarter. FMR LLC grew its stake in shares of BWX Technologies by 22.3% during the third quarter. FMR LLC now owns 1,754,567 shares of the technology company's stock worth $190,721,000 after purchasing an additional 320,217 shares during the period. Finally, Qsemble Capital Management LP bought a new stake in BWX Technologies in the third quarter valued at about $843,000. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on BWXT shares. Truist Financial raised their target price on BWX Technologies from $95.00 to $106.00 and gave the stock a "hold" rating in a report on Tuesday, November 5th. 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 note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft increased 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. StockNews.com lowered shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. Finally, Alembic Global Advisors upgraded shares of BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 price objective for the company in a research report on Tuesday, November 12th. One 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, the company has an average rating of "Moderate Buy" and an average price target of $122.43.

BWX Technologies Stock Up 0.3 %

Shares of BWX Technologies stock traded up $0.40 during trading on Friday, reaching $130.85. The stock had a trading volume of 323,965 shares, compared to its average volume of 1,075,809. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $11.96 billion, a price-to-earnings ratio of 43.33, a P/E/G ratio of 4.38 and a beta of 0.69. The stock has a fifty day moving average price of $121.74 and a two-hundred day moving average price of $104.79. 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 released its earnings results on Monday, November 4th. The technology company reported $0.83 EPS 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 for the quarter, compared to analysts' expectations of $658.84 million. During the same quarter in the previous year, the business posted $0.67 EPS. The business's quarterly revenue was up 13.9% compared to the same quarter last year. Sell-side analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be given 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 0.73%. BWX Technologies's dividend payout ratio (DPR) is presently 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.