3,309 Shares in BWX Technologies, Inc. (NYSE:BWXT) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in BWX Technologies, Inc. (NYSE:BWXT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,309 shares of the technology company’s stock, valued at approximately $360,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BWXT. Thrivent Financial for Lutherans grew its stake in shares of BWX Technologies by 1,121.6% in the second quarter. Thrivent Financial for Lutherans now owns 578,068 shares of the technology company’s stock valued at $54,916,000 after acquiring an additional 530,749 shares in the last quarter. FMR LLC grew its position in shares of BWX Technologies by 22.3% during the 3rd quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock worth $190,721,000 after purchasing an additional 320,217 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of BWX Technologies by 49.7% during 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 during the period. American Century Companies Inc. increased its holdings in shares of BWX Technologies by 37.9% during the second quarter. American Century Companies Inc. now owns 738,542 shares of the technology company’s stock worth $70,161,000 after purchasing an additional 203,067 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of BWX Technologies by 12.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,707,832 shares of the technology company’s stock valued at $162,244,000 after buying an additional 192,042 shares in the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

BWX Technologies Trading Up 0.8 %

Shares of BWX Technologies stock opened at $121.86 on Tuesday. The firm’s 50 day moving average is $124.86 and its 200 day moving average is $107.72. The firm has a market capitalization of $11.14 billion, a PE ratio of 40.35, a price-to-earnings-growth ratio of 4.12 and a beta of 0.70. BWX Technologies, Inc. has a 1 year low of $74.69 and a 1 year 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 posted its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The firm had revenue of $672.00 million for the quarter, compared to analysts’ expectations of $658.84 million. During the same quarter in the previous year, the firm posted $0.67 earnings per share. The company’s revenue was up 13.9% on a year-over-year basis. Equities research analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th were given a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $0.96 annualized dividend and a yield of 0.79%. BWX Technologies’s dividend payout ratio is presently 31.79%.

Analysts Set New Price Targets

BWXT has been the topic of a number of recent research reports. Bank of America raised their price objective on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft boosted their price target on BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective on the stock in a research note on Tuesday, November 12th. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Truist Financial increased their price target on shares of BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $124.57.

About BWX Technologies

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.