BWX Technologies, Inc. (NYSE:BWXT) Shares Purchased by Harvey Partners LLC

Harvey Partners LLC boosted its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 5.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 408,000 shares of the technology company’s stock after purchasing an additional 22,500 shares during the period. BWX Technologies accounts for approximately 5.0% of Harvey Partners LLC’s portfolio, making the stock its 3rd largest holding. Harvey Partners LLC’s holdings in BWX Technologies were worth $44,350,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BWXT. HighTower Advisors LLC boosted its position in BWX Technologies by 10.1% during the third quarter. HighTower Advisors LLC now owns 14,486 shares of the technology company’s stock valued at $1,577,000 after buying an additional 1,329 shares during the period. Hilltop Holdings Inc. purchased a new position in shares of BWX Technologies in the 3rd quarter valued at approximately $243,000. Centiva Capital LP purchased a new position in BWX Technologies during the 3rd quarter worth $508,000. Cinctive Capital Management LP acquired a new position in BWX Technologies during the 3rd quarter worth approximately $1,591,000. Finally, ClearAlpha Technologies LP acquired a new stake in shares of BWX Technologies in the third quarter valued at approximately $255,000. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Trading Down 1.3 %

Shares of NYSE BWXT opened at $129.20 on Tuesday. 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 firm has a 50-day moving average of $122.21 and a 200 day moving average of $105.18. BWX Technologies, Inc. has a 1 year low of $74.69 and a 1 year high of $136.31. The stock has a market cap of $11.81 billion, a P/E ratio of 42.78, a price-to-earnings-growth ratio of 4.38 and a beta of 0.70.

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. The company had revenue of $672.00 million during the quarter, compared to the consensus estimate of $658.84 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. BWX Technologies’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 earnings per share. As a group, sell-side analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The company 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 0.74%. The ex-dividend date of this dividend is Tuesday, November 19th. BWX Technologies’s payout ratio is currently 31.79%.

Analyst Upgrades and Downgrades

BWXT has been the subject of several research reports. Truist Financial increased their price objective on shares of BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target on the stock in a report on Tuesday, November 12th. StockNews.com lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. 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 report on Wednesday, November 6th. Finally, Bank of America lifted their price objective on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock 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.