Versor Investments LP Decreases Position in BWX Technologies, Inc. (NYSE:BWXT)

Versor Investments LP trimmed its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 20.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,700 shares of the technology company’s stock after selling 700 shares during the quarter. Versor Investments LP’s holdings in BWX Technologies were worth $293,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BWXT. AQR Capital Management LLC lifted its position in shares of BWX Technologies by 77.8% in the second quarter. AQR Capital Management LLC now owns 132,263 shares of the technology company’s stock valued at $12,565,000 after acquiring an additional 57,879 shares in the last quarter. Bridges Investment Management Inc. lifted its position 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 buying an additional 155,387 shares during the period. Russell Investments Group Ltd. lifted its position in BWX Technologies by 39.9% during the first quarter. Russell Investments Group Ltd. now owns 111,757 shares of the technology company’s stock worth $11,469,000 after buying an additional 31,845 shares during the period. Compass Wealth Management LLC purchased a new position in BWX Technologies during the third quarter worth about $3,456,000. Finally, Copeland Capital Management LLC lifted its position in BWX Technologies by 0.8% during the third quarter. Copeland Capital Management LLC now owns 711,773 shares of the technology company’s stock worth $77,370,000 after buying an additional 5,723 shares during the period. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BWXT shares. Truist Financial increased their target price on BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their target price on BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Barclays downgraded BWX Technologies from an “equal weight” rating to an “underweight” rating and increased their target price for the stock from $75.00 to $90.00 in a research report on Wednesday, July 24th. Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target for the company in a research note on Tuesday. Finally, Bank of America upped their price target on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $122.43.

BWX Technologies Price Performance

BWXT stock opened at $126.26 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. BWX Technologies, Inc. has a 1 year low of $74.69 and a 1 year high of $136.31. The firm has a market cap of $11.54 billion, a P/E ratio of 41.81, a price-to-earnings-growth ratio of 4.82 and a beta of 0.69. The stock has a 50-day simple moving average of $115.18 and a 200-day simple moving average of $102.03.

BWX Technologies (NYSE:BWXT) last posted its earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, beating 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 business had revenue of $672.00 million during the quarter, compared to analyst estimates of $658.84 million. During the same quarter last year, the firm earned $0.67 earnings per share. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, equities analysts predict that BWX Technologies, Inc. will post 3.21 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Tuesday, November 19th. BWX Technologies’s dividend payout ratio is currently 31.79%.

BWX Technologies Company 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.