Point72 Asia Singapore Pte. Ltd. Acquires Shares of 5,637 BWX Technologies, Inc. (NYSE:BWXT)

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of BWX Technologies, Inc. (NYSE:BWXT) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,637 shares of the technology company’s stock, valued at approximately $613,000.

A number of other large investors have also recently made changes to their positions in the stock. AQR Capital Management LLC increased its stake in BWX Technologies by 77.8% in the 2nd quarter. AQR Capital Management LLC now owns 132,263 shares of the technology company’s stock worth $12,565,000 after buying an additional 57,879 shares during the period. Hilton Capital Management LLC bought a new position in BWX Technologies in the 3rd quarter worth about $2,237,000. Bridges Investment Management Inc. increased its position 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 worth $34,119,000 after acquiring an additional 155,387 shares during the period. Citigroup Inc. raised its stake in shares of BWX Technologies by 40.4% during the third quarter. Citigroup Inc. now owns 108,637 shares of the technology company’s stock valued at $11,809,000 after acquiring an additional 31,246 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in shares of BWX Technologies by 8.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 471,090 shares of the technology company’s stock valued at $51,208,000 after purchasing an additional 37,250 shares during the period. 94.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BWXT has been the topic of several research reports. 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 report on Tuesday, November 12th. 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 note on Thursday, November 14th. Truist Financial increased their target price on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. StockNews.com lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft increased 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. One investment 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.43.

BWX Technologies Trading Down 1.3 %

NYSE BWXT opened at $129.20 on Tuesday. BWX Technologies, Inc. has a 52 week low of $74.69 and a 52 week high of $136.31. The company has a 50 day moving average price of $122.21 and a 200 day moving average price of $105.18. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. The firm has a market cap of $11.81 billion, a PE ratio of 42.78, a price-to-earnings-growth ratio of 4.38 and a beta of 0.69.

BWX Technologies (NYSE:BWXT) last released 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. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The business had revenue of $672.00 million for the quarter, compared to analyst estimates of $658.84 million. During the same period in the previous year, the company earned $0.67 earnings per share. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, sell-side analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Tuesday, November 19th. BWX Technologies’s dividend payout ratio (DPR) is presently 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.