Qsemble Capital Management LP Invests $843,000 in BWX Technologies, Inc. (NYSE:BWXT)

Qsemble Capital Management LP acquired a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT) in the third quarter, HoldingsChannel reports. The fund acquired 7,752 shares of the technology company’s stock, valued at approximately $843,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quent Capital LLC raised its stake in shares of BWX Technologies by 147.6% during the 3rd quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock worth $28,000 after purchasing an additional 152 shares in the last quarter. UMB Bank n.a. raised its position in BWX Technologies by 729.0% during the third quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock valued at $28,000 after acquiring an additional 226 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in BWX Technologies in the third quarter valued at approximately $31,000. GAMMA Investing LLC grew its position in BWX Technologies by 58.9% in the second quarter. GAMMA Investing LLC now owns 429 shares of the technology company’s stock worth $41,000 after acquiring an additional 159 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of BWX Technologies by 37.2% during the 2nd quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock worth $46,000 after purchasing an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Stock Up 1.5 %

Shares of BWXT stock opened at $132.35 on Wednesday. BWX Technologies, Inc. has a 12 month low of $74.69 and a 12 month high of $136.31. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. The firm has a market cap of $12.10 billion, a PE ratio of 43.82, a price-to-earnings-growth ratio of 4.45 and a beta of 0.69. The stock has a 50 day moving average of $119.17 and a 200-day moving average of $103.72.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, November 4th. The technology company reported $0.83 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $658.84 million. During the same period in the prior year, the company earned $0.67 EPS. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. On average, equities analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

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 given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Tuesday, November 19th. BWX Technologies’s dividend payout ratio (DPR) is presently 31.79%.

Analyst Ratings Changes

A number of brokerages recently issued reports on BWXT. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their price objective on 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 boosted their target price on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Truist Financial increased their price target on BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Finally, Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective for the company in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $122.43.

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.