Citigroup Inc. Purchases 31,246 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Citigroup Inc. increased its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 40.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,637 shares of the technology company's stock after purchasing an additional 31,246 shares during the period. Citigroup Inc. owned approximately 0.12% of BWX Technologies worth $11,809,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Quent Capital LLC lifted its stake in BWX Technologies by 147.6% in the third quarter. Quent Capital LLC now owns 255 shares of the technology company's stock valued at $28,000 after buying an additional 152 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of BWX Technologies by 729.0% during the third quarter. UMB Bank n.a. now owns 257 shares of the technology company's stock worth $28,000 after acquiring an additional 226 shares during the period. V Square Quantitative Management LLC bought a new stake in BWX Technologies in the 3rd quarter valued at $31,000. GAMMA Investing LLC boosted its stake in BWX Technologies by 58.9% in the 2nd quarter. GAMMA Investing LLC now owns 429 shares of the technology company's stock worth $41,000 after purchasing an additional 159 shares during the period. Finally, Blue Trust Inc. increased its holdings in BWX Technologies by 37.2% during the 2nd quarter. Blue Trust Inc. now owns 446 shares of the technology company's stock worth $46,000 after purchasing an additional 121 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BWXT has been the topic of a number of research reports. Alembic Global Advisors upgraded 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 upped their price target on BWX Technologies from $129.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. StockNews.com downgraded shares of BWX Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. 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 report on Tuesday, November 5th. Finally, Bank of America lifted their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. One research 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $122.43.

BWX Technologies Stock Performance

Shares of BWXT stock traded up $0.40 on Friday, reaching $130.85. The stock had a trading volume of 323,931 shares, compared to its average volume of 647,738. BWX Technologies, Inc. has a 12 month low of $74.69 and a 12 month high of $136.31. The firm has a market capitalization of $11.96 billion, a price-to-earnings ratio of 43.20, a P/E/G ratio of 4.37 and a beta of 0.69. The firm's 50-day moving average is $121.18 and its two-hundred day moving average is $104.39. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.06. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm had revenue of $672.00 million for the quarter, compared to analyst estimates of $658.84 million. During the same quarter in the prior year, the company earned $0.67 earnings per share. The business's revenue for the quarter was up 13.9% compared to the same quarter last year. On average, research analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

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 given 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 yield of 0.73%. BWX Technologies's dividend payout ratio (DPR) is 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.