Point72 Asia Singapore Pte. Ltd. Makes New Investment in BWX Technologies, Inc. (NYSE:BWXT)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,637 shares of the technology company’s stock, valued at approximately $613,000.

A number of other hedge funds have also modified their holdings of BWXT. AQR Capital Management LLC boosted its stake 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 worth $12,565,000 after acquiring an additional 57,879 shares during the period. Hilton Capital Management LLC bought a new position in BWX Technologies in the 3rd quarter worth approximately $2,237,000. Bridges Investment Management Inc. grew its holdings in BWX Technologies by 76.3% during the 2nd quarter. Bridges Investment Management Inc. now owns 359,147 shares of the technology company’s stock valued at $34,119,000 after buying an additional 155,387 shares in the last quarter. Citigroup Inc. grew its holdings in BWX Technologies by 40.4% during the 3rd quarter. Citigroup Inc. now owns 108,637 shares of the technology company’s stock valued at $11,809,000 after buying an additional 31,246 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its position in shares of BWX Technologies by 8.6% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 471,090 shares of the technology company’s stock valued at $51,208,000 after buying an additional 37,250 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Price Performance

NYSE:BWXT opened at $129.20 on Tuesday. The firm has a market capitalization of $11.81 billion, a price-to-earnings ratio of 42.78, a PEG ratio of 4.38 and a beta of 0.69. 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 business has a 50 day simple moving average of $122.21 and a 200-day simple moving average of $105.18. BWX Technologies, Inc. has a 1 year low of $74.69 and a 1 year high of $136.31.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.06. The company had revenue of $672.00 million for the quarter, compared to analyst estimates of $658.84 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. BWX Technologies’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 EPS. Equities analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The company 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 dividend of $0.24 per share. The ex-dividend date is Tuesday, November 19th. This represents a $0.96 annualized dividend and a yield of 0.74%. BWX Technologies’s payout ratio is 31.79%.

Analyst Upgrades and Downgrades

BWXT has been the subject of a number of research reports. Truist Financial upped their target price 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. Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective for the company in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft boosted 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. Bank of America raised their price target on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, StockNews.com cut BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, BWX Technologies currently 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.