Bank of Montreal Can Boosts Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Bank of Montreal Can grew its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 297.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,390 shares of the technology company's stock after buying an additional 77,376 shares during the quarter. Bank of Montreal Can owned approximately 0.11% of BWX Technologies worth $11,227,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Thrivent Financial for Lutherans boosted its stake in shares of BWX Technologies by 1,121.6% in the second quarter. Thrivent Financial for Lutherans now owns 578,068 shares of the technology company's stock worth $54,916,000 after acquiring an additional 530,749 shares during the period. Van ECK Associates Corp boosted its stake in BWX Technologies by 49.7% during the third quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company's stock valued at $104,381,000 after buying an additional 318,598 shares during the last quarter. Sapient Capital LLC bought a new position in BWX Technologies during the second quarter valued at approximately $29,408,000. American Century Companies Inc. boosted its stake in BWX Technologies by 37.9% during the second quarter. American Century Companies Inc. now owns 738,542 shares of the technology company's stock valued at $70,161,000 after buying an additional 203,067 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in BWX Technologies by 12.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,707,832 shares of the technology company's stock valued at $162,244,000 after buying an additional 192,042 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

BWX Technologies Stock Down 0.8 %

Shares of NYSE:BWXT traded down $1.07 on Monday, reaching $129.78. The company had a trading volume of 172,752 shares, compared to its average volume of 645,665. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $11.87 billion, a PE ratio of 43.33, a PEG ratio of 4.38 and a beta of 0.69. BWX Technologies, Inc. has a 52-week low of $74.69 and a 52-week high of $136.31. The firm's 50 day simple moving average is $121.74 and its 200-day simple moving average is $104.89.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted 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. The firm 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 business's quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 EPS. As a group, analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be paid a dividend of $0.24 per share. 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%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BWXT. StockNews.com lowered BWX Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their price objective on BWX Technologies from $129.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Bank of America raised their price objective on BWX Technologies from $115.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Alembic Global Advisors raised 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. Finally, Truist Financial raised their price objective on BWX Technologies from $95.00 to $106.00 and gave the company a "hold" rating in a research note on Tuesday, November 5th. One 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $122.43.

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.