Qsemble Capital Management LP Invests $2.21 Million in BWX Technologies, Inc. (NYSE:BWXT)

Qsemble Capital Management LP acquired a new position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 28,781 shares of the technology company's stock, valued at approximately $2,208,000.

A number of other large investors have also made changes to their positions in the company. Invesco Ltd. grew its stake in shares of BWX Technologies by 16.6% during the 3rd quarter. Invesco Ltd. now owns 2,027,376 shares of the technology company's stock valued at $152,013,000 after purchasing an additional 288,287 shares during the period. FMR LLC lifted its position in shares of BWX Technologies by 1.8% during the 3rd quarter. FMR LLC now owns 1,884,236 shares of the technology company's stock valued at $141,280,000 after buying an additional 32,664 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of BWX Technologies by 4.0% during the 3rd quarter. Clearbridge Investments LLC now owns 1,347,912 shares of the technology company's stock valued at $101,066,000 after buying an additional 52,462 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of BWX Technologies by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,048,456 shares of the technology company's stock valued at $80,448,000 after buying an additional 7,782 shares in the last quarter. Finally, Fiera Capital Corp lifted its position in shares of BWX Technologies by 2.9% during the 3rd quarter. Fiera Capital Corp now owns 892,837 shares of the technology company's stock valued at $66,945,000 after buying an additional 25,467 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BWXT has been the topic of a number of research analyst reports. Truist Financial reissued a "hold" rating and issued a $95.00 price target (down from $110.00) on shares of BWX Technologies in a report on Monday, March 25th. Bank of America boosted their price target on BWX Technologies from $82.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft reduced their price objective on BWX Technologies from $111.00 to $110.00 and set a "buy" rating on the stock in a research note on Tuesday, May 7th. Finally, StockNews.com raised BWX Technologies from a "hold" rating to a "buy" rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, BWX Technologies has a consensus rating of "Moderate Buy" and an average price target of $92.43.

BWX Technologies Stock Up 1.1 %

BWXT stock traded up $0.96 during trading on Friday, reaching $89.90. 656,010 shares of the company traded hands, compared to its average volume of 710,362. BWX Technologies, Inc. has a 12 month low of $60.17 and a 12 month high of $107.18. The business has a 50 day simple moving average of $98.03 and a 200 day simple moving average of $86.61. The company has a market capitalization of $8.22 billion, a price-to-earnings ratio of 32.45, a price-to-earnings-growth ratio of 2.86 and a beta of 0.75. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.18 and a current ratio of 2.24.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings data on Monday, May 6th. The technology company reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.09. The company had revenue of $603.97 million for the quarter, compared to the consensus estimate of $599.92 million. BWX Technologies had a return on equity of 31.57% and a net margin of 10.00%. The firm's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.70 earnings per share. On average, equities research analysts anticipate that BWX Technologies, Inc. will post 3.17 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Friday, May 17th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Thursday, May 16th. BWX Technologies's payout ratio is 34.66%.

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.