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

Quantbot Technologies LP lifted its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 339.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,733 shares of the technology company’s stock after buying an additional 24,516 shares during the quarter. Quantbot Technologies LP’s holdings in BWX Technologies were worth $3,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC increased its position in BWX Technologies by 77.8% during the 2nd quarter. AQR Capital Management LLC now owns 132,263 shares of the technology company’s stock valued at $12,565,000 after buying an additional 57,879 shares in the last quarter. Hilton Capital Management LLC purchased a new stake in shares of BWX Technologies in the third quarter worth $2,237,000. Bridges Investment Management Inc. increased its holdings in shares of BWX Technologies by 76.3% during the second quarter. Bridges Investment Management Inc. now owns 359,147 shares of the technology company’s stock valued at $34,119,000 after acquiring an additional 155,387 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of BWX Technologies by 8.6% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 471,090 shares of the technology company’s stock worth $51,208,000 after purchasing an additional 37,250 shares during the last quarter. Finally, Compass Wealth Management LLC bought a new position in BWX Technologies in the 3rd quarter worth about $3,456,000. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

BWX Technologies Stock Down 1.4 %

BWXT stock opened at $130.55 on Thursday. The company has a market cap of $11.94 billion, a price-to-earnings ratio of 43.23, a P/E/G ratio of 4.37 and a beta of 0.69. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The business’s 50-day moving average is $119.86 and its two-hundred day moving average is $104.02. BWX Technologies, Inc. has a fifty-two week low of $74.69 and a fifty-two week high of $136.31.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 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 revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 EPS. As a group, analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders 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 (DPR) is presently 31.79%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BWXT shares. 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 note on Tuesday, November 12th. Bank of America boosted their price objective 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. StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Truist Financial boosted their price target on BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.