XTX Topco Ltd Acquires Shares of 27,774 BWX Technologies, Inc. (NYSE:BWXT)

Key Points

• XTX Topco Ltd has acquired a new position in BWX Technologies, Inc. with an investment of approximately $2.74 million, purchasing 27,774 shares during the first quarter.
• Wall Street analysts have issued a consensus rating of "Moderate Buy" for BWX Technologies, with a price target of $137.94, indicating a positive outlook on the stock.
• BWX Technologies recently announced a quarterly dividend of $0.25 per share, providing an annual yield of 0.67% to its shareholders.

XTX Topco Ltd acquired a new stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 27,774 shares of the technology company's stock, valued at approximately $2,740,000.

Other hedge funds have also bought and sold shares of the company. Ameriflex Group Inc. bought a new stake in BWX Technologies in the 4th quarter valued at about $34,000. MassMutual Private Wealth & Trust FSB grew its position in BWX Technologies by 200.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 354 shares of the technology company's stock worth $35,000 after buying an additional 236 shares in the last quarter. Vermillion Wealth Management Inc. bought a new position in BWX Technologies during the 4th quarter worth $40,000. Farther Finance Advisors LLC raised its holdings in BWX Technologies by 109.6% in the 1st quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock valued at $46,000 after acquiring an additional 240 shares in the last quarter. Finally, Altshuler Shaham Ltd bought a new stake in shares of BWX Technologies during the 4th quarter valued at $70,000. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Trading Down 1.5%

Shares of NYSE:BWXT traded down $2.34 during mid-day trading on Friday, hitting $149.59. The company had a trading volume of 1,375,605 shares, compared to its average volume of 1,094,276. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.02 and a quick ratio of 1.91. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $153.53. The firm has a fifty day moving average price of $138.10 and a 200 day moving average price of $117.50. The company has a market capitalization of $13.67 billion, a PE ratio of 47.64, a price-to-earnings-growth ratio of 3.85 and a beta of 0.70.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.18. BWX Technologies had a return on equity of 30.26% and a net margin of 10.39%. The firm had revenue of $682.26 million during the quarter, compared to analysts' expectations of $644.15 million. During the same quarter last year, the firm posted $0.76 earnings per share. The company's revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, research analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, May 19th. This represents a $1.00 annualized dividend and a yield of 0.7%. BWX Technologies's dividend payout ratio (DPR) is 31.85%.

Analysts Set New Price Targets

BWXT has been the subject of several recent analyst reports. Wall Street Zen upgraded BWX Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Maxim Group lowered their price objective on shares of BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. CLSA reissued an "outperform" rating and issued a $177.60 price objective (up previously from $153.00) on shares of BWX Technologies in a research note on Tuesday, May 27th. William Blair reaffirmed an "outperform" rating on shares of BWX Technologies in a research note on Wednesday, June 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $150.00 price target (up from $119.00) on shares of BWX Technologies in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $137.94.

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.