Curi RMB Capital LLC Boosts Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Curi RMB Capital LLC increased its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 1.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 58,438 shares of the technology company’s stock after purchasing an additional 654 shares during the quarter. Curi RMB Capital LLC’s holdings in BWX Technologies were worth $6,352,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BWXT. Blue Trust Inc. raised its position in BWX Technologies by 37.2% in the 2nd quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock valued at $46,000 after purchasing an additional 121 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in BWX Technologies by 4.3% in the third quarter. Valeo Financial Advisors LLC now owns 3,539 shares of the technology company’s stock valued at $385,000 after purchasing an additional 145 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of BWX Technologies by 2.9% in the second quarter. Commonwealth Equity Services LLC now owns 5,293 shares of the technology company’s stock valued at $503,000 after buying an additional 149 shares during the last quarter. XTX Topco Ltd boosted its stake in shares of BWX Technologies by 7.1% during the second quarter. XTX Topco Ltd now owns 2,237 shares of the technology company’s stock worth $213,000 after buying an additional 149 shares during the period. Finally, Quent Capital LLC boosted its stake in shares of BWX Technologies by 147.6% during the third quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock worth $28,000 after buying an additional 152 shares during the period. 94.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Bank of America boosted their price target on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday. Truist Financial upped their price target on BWX Technologies from $95.00 to $106.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Alembic Global Advisors upgraded 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 report on Tuesday. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, Barclays cut shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and increased their price target for the stock from $75.00 to $90.00 in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $122.43.

BWX Technologies Stock Performance

BWXT opened at $128.24 on Friday. BWX Technologies, Inc. has a 1-year low of $74.69 and a 1-year high of $136.31. The stock has a market cap of $11.73 billion, a P/E ratio of 42.46, a P/E/G ratio of 4.63 and a beta of 0.69. The stock’s 50 day simple moving average is $114.57 and its 200 day simple moving average is $101.83. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25.

BWX Technologies (NYSE:BWXT) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping 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 business had revenue of $672.00 million during the quarter, compared to the consensus estimate of $658.84 million. During the same quarter in the previous year, the company posted $0.67 EPS. The business’s revenue was up 13.9% on a year-over-year basis. As a group, equities analysts anticipate that BWX Technologies, Inc. will post 3.21 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 19th will be given a $0.24 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $0.96 annualized dividend and a dividend yield of 0.75%. BWX Technologies’s dividend payout ratio is presently 31.79%.

BWX Technologies 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.