Virtu Financial LLC Purchases New Shares in BWX Technologies, Inc. (NYSE:BWXT)

Virtu Financial LLC purchased a new stake in BWX Technologies, Inc. (NYSE:BWXT) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 4,871 shares of the technology company’s stock, valued at approximately $529,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC raised its position in BWX Technologies by 77.8% in the 2nd quarter. AQR Capital Management LLC now owns 132,263 shares of the technology company’s stock valued at $12,565,000 after purchasing an additional 57,879 shares during the last quarter. Hilton Capital Management LLC purchased a new stake in BWX Technologies in the 3rd quarter valued at $2,237,000. Bullseye Asset Management LLC increased its stake in BWX Technologies by 39.5% in the 3rd quarter. Bullseye Asset Management LLC now owns 17,655 shares of the technology company’s stock valued at $1,920,000 after buying an additional 5,000 shares during the period. Bridges Investment Management Inc. increased its stake in BWX Technologies by 76.3% in the 2nd quarter. Bridges Investment Management Inc. now owns 359,147 shares of the technology company’s stock valued at $34,119,000 after buying an additional 155,387 shares during the period. Finally, Citigroup Inc. increased its stake in BWX Technologies by 40.4% in the 3rd quarter. Citigroup Inc. now owns 108,637 shares of the technology company’s stock valued at $11,809,000 after buying an additional 31,246 shares during the period. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Stock Performance

NYSE:BWXT opened at $120.91 on Monday. 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, Inc. has a fifty-two week low of $74.69 and a fifty-two week high of $136.31. The stock has a market cap of $11.06 billion, a PE ratio of 40.04, a price-to-earnings-growth ratio of 4.12 and a beta of 0.70. The firm’s fifty day simple moving average is $124.75 and its 200-day simple moving average is $107.49.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $658.84 million. During the same period in the prior year, the company posted $0.67 EPS. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. Analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th were given a $0.24 dividend. The ex-dividend date was Tuesday, November 19th. This represents a $0.96 annualized dividend and a dividend yield of 0.79%. BWX Technologies’s dividend payout ratio is presently 31.79%.

Analyst Upgrades and Downgrades

BWXT has been the topic of several recent research reports. Truist Financial boosted their price objective on shares of BWX Technologies from $95.00 to $106.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Alembic Global Advisors raised shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective on the stock in a research note on Tuesday, November 12th. Bank of America boosted their price objective 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. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.