BWX Technologies, Inc. (NYSE:BWXT) Holdings Raised by Citigroup Inc.

Citigroup Inc. increased its stake in BWX Technologies, Inc. (NYSE:BWXT) by 40.4% during the third quarter, HoldingsChannel reports. The firm owned 108,637 shares of the technology company’s stock after acquiring an additional 31,246 shares during the period. Citigroup Inc.’s holdings in BWX Technologies were worth $11,809,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Tidal Investments LLC increased its position in shares of BWX Technologies by 89.4% in the first quarter. Tidal Investments LLC now owns 14,887 shares of the technology company’s stock worth $1,528,000 after acquiring an additional 7,027 shares in the last quarter. Cetera Investment Advisers boosted its stake in BWX Technologies by 214.2% in the 1st quarter. Cetera Investment Advisers now owns 21,169 shares of the technology company’s stock worth $2,172,000 after purchasing an additional 14,431 shares during the period. Cetera Advisors LLC purchased a new position in BWX Technologies during the 1st quarter worth approximately $535,000. GAMMA Investing LLC lifted its holdings in shares of BWX Technologies by 58.9% in the second quarter. GAMMA Investing LLC now owns 429 shares of the technology company’s stock valued at $41,000 after purchasing an additional 159 shares in the last quarter. Finally, Fulton Bank N.A. boosted its position in shares of BWX Technologies by 47.4% in the second quarter. Fulton Bank N.A. now owns 7,161 shares of the technology company’s stock worth $680,000 after buying an additional 2,304 shares during the period. Institutional investors and hedge funds own 94.39% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on BWXT. Bank of America raised 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. Truist Financial increased 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 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. Deutsche Bank Aktiengesellschaft lifted their price objective on BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $122.43.

BWX Technologies Stock Down 1.4 %

BWXT opened at $130.45 on Friday. The firm has a market cap of $11.93 billion, a P/E ratio of 43.23, a price-to-earnings-growth ratio of 4.37 and a beta of 0.69. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The business has a 50 day moving average price of $120.53 and a 200 day moving average price of $104.21. BWX Technologies, Inc. has a twelve month low of $74.69 and a twelve month high of $136.31.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. The business had revenue of $672.00 million during the quarter, compared to analysts’ expectations of $658.84 million. BWX Technologies’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.67 earnings per share. Research analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.74%. BWX Technologies’s payout ratio is presently 31.79%.

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.