Commonwealth Equity Services LLC bought a new position in BWX Technologies, Inc. (NYSE:BWXT – Free Report) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 2,928 shares of the technology company’s stock, valued at approximately $220,000.
Several other hedge funds have also modified their holdings of BWXT. Oak Family Advisors LLC lifted its position in BWX Technologies by 6.6% during the third quarter. Oak Family Advisors LLC now owns 71,696 shares of the technology company’s stock valued at $5,376,000 after buying an additional 4,452 shares in the last quarter. Oak Thistle LLC acquired a new position in BWX Technologies during the third quarter valued at approximately $425,000. Exchange Traded Concepts LLC acquired a new position in BWX Technologies during the third quarter valued at approximately $608,000. SG Americas Securities LLC lifted its position in BWX Technologies by 54.6% during the third quarter. SG Americas Securities LLC now owns 6,958 shares of the technology company’s stock valued at $522,000 after buying an additional 2,456 shares in the last quarter. Finally, Brookmont Capital Management acquired a new position in BWX Technologies during the third quarter valued at approximately $224,000. 96.98% of the stock is owned by institutional investors and hedge funds.
BWX Technologies Stock Down 1.7 %
Shares of NYSE:BWXT opened at $81.49 on Thursday. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 1.53. The company has a fifty day simple moving average of $78.56 and a 200 day simple moving average of $75.58. The firm has a market cap of $7.46 billion, a PE ratio of 33.40, a price-to-earnings-growth ratio of 5.70 and a beta of 0.75. BWX Technologies, Inc. has a 12-month low of $58.80 and a 12-month high of $83.43.
Analysts Set New Price Targets
BWXT has been the topic of a number of recent research reports. Truist Financial lifted their price target on shares of BWX Technologies from $83.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Alembic Global Advisors cut shares of BWX Technologies from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $79.00 to $82.00 in a research report on Friday, November 3rd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.25.
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; undertakes fabrication activities for missile launch tubes for U.S.
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