Quantbot Technologies LP Purchases 24,516 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Quantbot Technologies LP boosted its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 339.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 31,733 shares of the technology company’s stock after acquiring an additional 24,516 shares during the quarter. Quantbot Technologies LP’s holdings in BWX Technologies were worth $3,449,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in BWXT. FMR LLC boosted its position 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 valued at $190,721,000 after buying an additional 320,217 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in BWX Technologies by 12.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,707,832 shares of the technology company’s stock valued at $162,244,000 after acquiring an additional 192,042 shares during the period. Dimensional Fund Advisors LP grew its position in BWX Technologies by 6.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,343,076 shares of the technology company’s stock valued at $127,593,000 after acquiring an additional 77,237 shares during the last quarter. Van ECK Associates Corp increased its stake in BWX Technologies by 49.7% in the third quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock worth $104,381,000 after purchasing an additional 318,598 shares during the period. Finally, Fiera Capital Corp lifted its position in shares of BWX Technologies by 1.1% during the second quarter. Fiera Capital Corp now owns 936,839 shares of the technology company’s stock worth $89,000,000 after purchasing an additional 10,475 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BWXT shares. Bank of America upped their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. 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, November 12th. Deutsche Bank Aktiengesellschaft boosted 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. StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Truist Financial upped 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $122.43.

BWX Technologies Trading Down 1.4 %

Shares of NYSE:BWXT opened at $130.55 on Thursday. The company has a market capitalization of $11.94 billion, a PE ratio of 43.23, a P/E/G ratio of 4.37 and a beta of 0.69. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies, Inc. has a 12-month low of $74.69 and a 12-month high of $136.31. The business’s fifty day simple moving average is $119.86 and its 200-day simple moving average is $104.02.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The company had revenue of $672.00 million during the quarter, compared to analysts’ expectations of $658.84 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. BWX Technologies’s revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, equities research analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be paid a dividend of $0.24 per share. The ex-dividend date is Tuesday, November 19th. This represents a $0.96 annualized dividend and a dividend yield of 0.74%. BWX Technologies’s payout ratio 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.