Principal Financial Group Inc. Reduces Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Principal Financial Group Inc. cut its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 210,238 shares of the technology company’s stock after selling 1,817 shares during the quarter. Principal Financial Group Inc. owned approximately 0.23% of BWX Technologies worth $23,418,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of BWXT. Stone House Investment Management LLC lifted its position in shares of BWX Technologies by 76.2% during the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock worth $25,000 after purchasing an additional 99 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new position in shares of BWX Technologies during the fourth quarter worth $30,000. Quarry LP lifted its position in shares of BWX Technologies by 93.6% during the third quarter. Quarry LP now owns 271 shares of the technology company’s stock worth $29,000 after purchasing an additional 131 shares in the last quarter. HHM Wealth Advisors LLC increased its stake in shares of BWX Technologies by 45.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company’s stock worth $32,000 after buying an additional 90 shares during the last quarter. Finally, Principal Securities Inc. increased its stake in shares of BWX Technologies by 40.4% in the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company’s stock worth $35,000 after buying an additional 91 shares during the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

BWX Technologies Price Performance

NYSE BWXT opened at $101.44 on Monday. The stock’s 50-day moving average price is $114.19 and its two-hundred day moving average price is $114.22. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The company has a market cap of $9.28 billion, a PE ratio of 33.59, a PEG ratio of 3.20 and a beta of 0.73. BWX Technologies, Inc. has a 1 year low of $86.70 and a 1 year high of $136.31.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BWXT. Deutsche Bank Aktiengesellschaft lifted their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Alembic Global Advisors raised shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target for the company in a report on Tuesday, November 12th. StockNews.com downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Bank of America upped their price objective on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Barclays upped their price objective on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $127.50.

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.