Virtu Financial LLC Acquires New Shares in BWX Technologies, Inc. (NYSE:BWXT)

Virtu Financial LLC purchased a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,871 shares of the technology company's stock, valued at approximately $529,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Stone House Investment Management LLC increased its stake in BWX Technologies by 76.2% in the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company's stock worth $25,000 after acquiring an additional 99 shares during the last quarter. Quent Capital LLC grew its holdings in shares of BWX Technologies by 147.6% during the third quarter. Quent Capital LLC now owns 255 shares of the technology company's stock worth $28,000 after purchasing an additional 152 shares in the last quarter. UMB Bank n.a. increased its position in shares of 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 purchasing an additional 226 shares during the last quarter. Quarry LP increased its position in shares of BWX Technologies by 93.6% in the third quarter. Quarry LP now owns 271 shares of the technology company's stock worth $29,000 after purchasing an additional 131 shares during the last quarter. Finally, V Square Quantitative Management LLC bought a new stake in BWX Technologies during the third quarter valued at approximately $31,000. 94.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BWXT has been the topic of a number of research analyst reports. Barclays increased their price target on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an "underweight" rating in a report on Monday. Bank of America raised their price target on BWX Technologies from $115.00 to $160.00 and gave the company 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 price objective on the stock in a research report on Tuesday, November 12th. StockNews.com cut BWX Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft upped 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. 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 MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $124.57.

BWX Technologies Stock Up 0.8 %

NYSE:BWXT traded up $0.95 during trading hours on Monday, reaching $121.86. 664,288 shares of the company traded hands, compared to its average volume of 649,920. 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 business's 50-day moving average price is $124.75 and its two-hundred day moving average price is $107.49. BWX Technologies, Inc. has a 1 year low of $74.69 and a 1 year high of $136.31. The stock has a market capitalization of $11.14 billion, a P/E ratio of 40.35, a P/E/G ratio of 4.12 and a beta of 0.70.

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

BWX Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Tuesday, November 19th. 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.