2,343 Shares in BWX Technologies, Inc. (NYSE:BWXT) Acquired by ClearAlpha Technologies LP

ClearAlpha Technologies LP bought a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,343 shares of the technology company’s stock, valued at approximately $255,000.

A number of other hedge funds also recently modified their holdings of BWXT. FMR LLC raised its position in 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 grew its stake 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 in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of 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 purchasing an additional 77,237 shares during the period. Van ECK Associates Corp lifted its position in shares of 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 in the last quarter. Finally, Fiera Capital Corp boosted its holdings 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 period. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on BWXT. Deutsche Bank Aktiengesellschaft upped their price objective on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Truist Financial upped their price target on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Bank of America lifted their price objective on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, 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 report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $122.43.

BWX Technologies Price Performance

NYSE BWXT opened at $129.20 on Tuesday. BWX Technologies, Inc. has a fifty-two week low of $74.69 and a fifty-two week high of $136.31. The stock’s 50-day moving average is $122.21 and its two-hundred day moving average is $105.18. The firm has a market cap of $11.81 billion, a P/E ratio of 42.78, a price-to-earnings-growth ratio of 4.38 and a beta of 0.69. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. The business had revenue of $672.00 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business earned $0.67 EPS. On average, analysts anticipate that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

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