Dynamic Technology Lab Private Ltd Takes Position in BWX Technologies, Inc. (NYSE:BWXT)

Dynamic Technology Lab Private Ltd purchased a new position in shares of BWX Technologies, Inc. (NYSE:BWXT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,495 shares of the technology company’s stock, valued at approximately $1,032,000.

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

BWX Technologies Stock Down 1.4 %

BWX Technologies stock opened at $130.55 on Thursday. The company’s 50-day moving average price is $119.86 and its two-hundred day moving average price is $104.02. The stock has a market cap of $11.94 billion, a price-to-earnings ratio of 43.23, a PEG ratio of 4.37 and a beta of 0.69. BWX Technologies, Inc. has a 52 week low of $74.69 and a 52 week high of $136.31. 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 (NYSE:BWXT) last announced its earnings results 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 for the quarter, compared to analysts’ expectations of $658.84 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.67 earnings per share. On average, analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Tuesday, November 19th. BWX Technologies’s payout ratio is currently 31.79%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Truist Financial increased their price target on BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Bank of America increased 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. Finally, Alembic Global Advisors raised shares of 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. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, BWX Technologies has a consensus rating of “Moderate Buy” and a consensus 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.