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

Citigroup Inc. increased its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 40.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 108,637 shares of the technology company’s stock after buying an additional 31,246 shares during the period. Citigroup Inc. owned about 0.12% of BWX Technologies worth $11,809,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Landscape Capital Management L.L.C. acquired a new position in BWX Technologies in the third quarter valued at approximately $335,000. King Luther Capital Management Corp boosted its position in BWX Technologies by 13.3% during the 3rd quarter. King Luther Capital Management Corp now owns 99,212 shares of the technology company’s stock valued at $10,784,000 after purchasing an additional 11,618 shares during the period. Advisors Asset Management Inc. grew its stake in BWX Technologies by 10.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 6,673 shares of the technology company’s stock worth $725,000 after buying an additional 637 shares during the last quarter. Hilton Capital Management LLC acquired a new stake in BWX Technologies in the third quarter worth $2,237,000. Finally, Commerce Bank bought a new stake in BWX Technologies in the third quarter valued at $235,000. Institutional investors own 94.39% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on BWXT. Bank of America upped their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their price target on BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Truist Financial increased their price objective on BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Finally, Alembic Global Advisors raised BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price on the stock in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.43.

BWX Technologies Stock Performance

Shares of NYSE BWXT opened at $130.45 on Friday. BWX Technologies, Inc. has a 1 year low of $74.69 and a 1 year high of $136.31. The firm has a market cap of $11.93 billion, a P/E ratio of 43.23, a PEG ratio of 4.37 and a beta of 0.69. The stock has a fifty day moving average price of $120.53 and a two-hundred day moving average price of $104.21. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25.

BWX Technologies (NYSE:BWXT) last announced its 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 business had revenue of $672.00 million during the quarter, compared to analysts’ expectations of $658.84 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the business posted $0.67 earnings per share. Research analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be issued 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 currently 31.79%.

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.