BWX Technologies, Inc. (NYSE:BWXT) Holdings Lifted by XTX Topco Ltd

XTX Topco Ltd raised its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 614.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,992 shares of the technology company's stock after acquiring an additional 13,755 shares during the quarter. XTX Topco Ltd's holdings in BWX Technologies were worth $1,738,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. 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 worth $25,000 after purchasing an additional 99 shares during the period. Quent Capital LLC increased its position in BWX Technologies by 147.6% in the third quarter. Quent Capital LLC now owns 255 shares of the technology company's stock worth $28,000 after buying an additional 152 shares during the period. UMB Bank n.a. lifted its stake in BWX Technologies by 729.0% in the third quarter. UMB Bank n.a. now owns 257 shares of the technology company's stock valued at $28,000 after buying an additional 226 shares during the last quarter. Quarry LP boosted its holdings in shares of BWX Technologies by 93.6% during the third quarter. Quarry LP now owns 271 shares of the technology company's stock valued at $29,000 after acquiring an additional 131 shares during the period. Finally, V Square Quantitative Management LLC bought a new position in shares of BWX Technologies during the third quarter worth about $31,000. Institutional investors and hedge funds own 94.39% of the company's stock.

BWX Technologies Price Performance

Shares of NYSE:BWXT traded down $1.96 during trading hours on Friday, hitting $126.01. 887,373 shares of the company's stock traded hands, compared to its average volume of 860,144. BWX Technologies, Inc. has a 52 week low of $74.69 and a 52 week high of $136.31. The company has a market cap of $11.52 billion, a price-to-earnings ratio of 41.73, a price-to-earnings-growth ratio of 4.37 and a beta of 0.70. The company's fifty day simple moving average is $123.90 and its two-hundred day simple moving average is $106.18. 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 (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, beating the consensus estimate of $0.77 by $0.06. The company had revenue of $672.00 million for the quarter, compared to analysts' expectations of $658.84 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm's revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 earnings per share. As a group, equities analysts anticipate that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be given a $0.24 dividend. The ex-dividend date of this dividend 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%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BWXT. StockNews.com lowered shares of BWX Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Bank of America increased their price objective on BWX Technologies from $115.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Truist Financial lifted their target price on BWX Technologies from $95.00 to $106.00 and gave the company a "hold" rating in a research note on Tuesday, November 5th. Alembic Global Advisors upgraded BWX Technologies from a "neutral" rating to an "overweight" rating and set a $148.00 price target for the company in a research report on Tuesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on BWX Technologies from $129.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.