Point72 DIFC Ltd Invests $759,000 in BWX Technologies, Inc. (NYSE:BWXT)

Point72 DIFC Ltd bought a new stake in BWX Technologies, Inc. (NYSE:BWXT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,986 shares of the technology company’s stock, valued at approximately $759,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cetera Investment Advisers lifted its stake in shares of BWX Technologies by 214.2% in the 1st quarter. Cetera Investment Advisers now owns 21,169 shares of the technology company’s stock valued at $2,172,000 after purchasing an additional 14,431 shares during the period. Cetera Advisors LLC bought a new stake in BWX Technologies in the first quarter worth approximately $535,000. GAMMA Investing LLC lifted its stake in BWX Technologies by 58.9% in the second quarter. GAMMA Investing LLC now owns 429 shares of the technology company’s stock valued at $41,000 after buying an additional 159 shares during the period. CWM LLC boosted its holdings in shares of BWX Technologies by 14.1% during the 2nd quarter. CWM LLC now owns 1,353 shares of the technology company’s stock worth $129,000 after buying an additional 167 shares in the last quarter. Finally, Valeo Financial Advisors LLC grew its position in shares of BWX Technologies by 41.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,394 shares of the technology company’s stock worth $322,000 after buying an additional 994 shares during the period. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Trading Down 1.9 %

BWXT opened at $127.97 on Friday. BWX Technologies, Inc. has a fifty-two week low of $74.69 and a fifty-two week high of $136.31. The firm has a market capitalization of $11.70 billion, a PE ratio of 42.37, a P/E/G ratio of 4.33 and a beta of 0.70. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The company’s 50-day moving average is $123.56 and its 200 day moving average is $105.80.

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

BWX Technologies Announces Dividend

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 paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Tuesday, November 19th. BWX Technologies’s dividend payout ratio (DPR) is presently 31.79%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BWXT shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. StockNews.com lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price for the company in a research note on Tuesday, November 12th. Bank of America boosted their target price on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Truist Financial increased their price target 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 assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, BWX Technologies 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.