Citigroup Inc. Buys 84,471 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Citigroup Inc. raised its position in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 73.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,700 shares of the technology company's stock after buying an additional 84,471 shares during the quarter. Citigroup Inc. owned about 0.22% of BWX Technologies worth $19,602,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Demars Financial Group LLC raised its stake in shares of BWX Technologies by 9,309.0% during the 4th quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company's stock valued at $499,299,000 after purchasing an additional 4,434,799 shares during the period. Westwood Holdings Group Inc. raised its stake in shares of BWX Technologies by 279.0% during the 1st quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company's stock valued at $94,562,000 after purchasing an additional 705,648 shares during the period. Balyasny Asset Management L.P. raised its stake in shares of BWX Technologies by 204.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 916,323 shares of the technology company's stock valued at $102,069,000 after purchasing an additional 615,693 shares during the period. Blair William & Co. IL raised its stake in shares of BWX Technologies by 84.3% during the 1st quarter. Blair William & Co. IL now owns 782,991 shares of the technology company's stock valued at $77,242,000 after purchasing an additional 358,170 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of BWX Technologies by 248.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 453,680 shares of the technology company's stock valued at $50,537,000 after purchasing an additional 323,445 shares during the period. 94.39% of the stock is currently owned by institutional investors.

Insider Transactions at BWX Technologies

In other news, Director Leland D. Melvin sold 600 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $178.26, for a total value of $106,956.00. Following the completion of the transaction, the director owned 5,579 shares of the company's stock, valued at approximately $994,512.54. This represents a 9.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rex D. Geveden sold 25,000 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $179.00, for a total value of $4,475,000.00. Following the completion of the transaction, the chief executive officer directly owned 197,594 shares of the company's stock, valued at $35,369,326. This represents a 11.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,953 shares of company stock worth $5,359,758 over the last 90 days. 0.47% of the stock is currently owned by insiders.

BWX Technologies Trading Down 0.7%

NYSE BWXT traded down $1.21 on Friday, hitting $173.49. The company's stock had a trading volume of 902,045 shares, compared to its average volume of 1,281,462. BWX Technologies, Inc. has a 52-week low of $84.21 and a 52-week high of $189.25. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28. The company's 50-day simple moving average is $148.58 and its 200 day simple moving average is $121.49. The firm has a market cap of $15.86 billion, a P/E ratio of 54.22, a PEG ratio of 3.93 and a beta of 0.73.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.23. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%. The business had revenue of $764.00 million during the quarter, compared to analysts' expectations of $708.00 million. During the same quarter last year, the business posted $0.82 EPS. The business's revenue was up 12.1% on a year-over-year basis. Research analysts predict that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Monday, August 18th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. BWX Technologies's dividend payout ratio is currently 31.25%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BWXT. Bank of America boosted their price objective on BWX Technologies from $155.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $150.00 price objective (up from $119.00) on shares of BWX Technologies in a report on Tuesday, July 8th. Truist Financial set a $145.00 target price on BWX Technologies and gave the company a "hold" rating in a report on Tuesday, August 5th. Maxim Group restated a "hold" rating on shares of BWX Technologies in a report on Wednesday, August 6th. Finally, William Blair restated an "outperform" rating on shares of BWX Technologies in a report on Wednesday, June 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $154.51.

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.