Texas Permanent School Fund Corp Has $5.82 Million Position in BWX Technologies, Inc. (NYSE:BWXT)

Texas Permanent School Fund Corp decreased its position in BWX Technologies, Inc. (NYSE:BWXTFree Report) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 77,671 shares of the technology company’s stock after selling 2,837 shares during the period. Texas Permanent School Fund Corp’s holdings in BWX Technologies were worth $5,824,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Sunbelt Securities Inc. bought a new position in BWX Technologies during the first quarter worth about $25,000. CWM LLC boosted its holdings in BWX Technologies by 62.3% during the second quarter. CWM LLC now owns 490 shares of the technology company’s stock worth $35,000 after buying an additional 188 shares during the last quarter. Lazard Asset Management LLC bought a new position in BWX Technologies during the first quarter worth about $38,000. Millburn Ridgefield Corp bought a new position in BWX Technologies during the third quarter worth about $50,000. Finally, Fifth Third Bancorp boosted its holdings in BWX Technologies by 37.3% during the second quarter. Fifth Third Bancorp now owns 710 shares of the technology company’s stock worth $51,000 after buying an additional 193 shares during the last quarter. Institutional investors own 96.98% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on BWXT. Alembic Global Advisors cut BWX Technologies from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $79.00 to $82.00 in a report on Friday, November 3rd. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, Truist Financial raised their price target on BWX Technologies from $83.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, BWX Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $81.25.

View Our Latest Research Report on BWX Technologies

BWX Technologies Stock Up 1.6 %

Shares of BWX Technologies stock opened at $85.19 on Monday. The business’s 50 day simple moving average is $79.35 and its 200 day simple moving average is $76.29. BWX Technologies, Inc. has a 52-week low of $59.06 and a 52-week high of $85.45. The firm has a market cap of $7.80 billion, a PE ratio of 34.91, a P/E/G ratio of 5.89 and a beta of 0.69. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.50 and a current ratio of 2.50.

About BWX Technologies

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for BWX Technologies (NYSE:BWXT)

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