BWX Technologies, Inc. (NYSE:BWXT) Short Interest Update

BWX Technologies, Inc. (NYSE:BWXT) saw a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 1,280,000 shares, an increase of 9.4% from the January 15th total of 1,170,000 shares. Approximately 1.4% of the shares of the stock are sold short. Based on an average trading volume of 891,900 shares, the short-interest ratio is presently 1.4 days.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on BWXT shares. Maxim Group boosted their target price on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, January 10th. StockNews.com downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price on the stock in a report on Tuesday, November 12th. Finally, Barclays boosted their target price 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, BWX Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $127.50.

BWX Technologies Trading Down 2.2 %

Shares of BWXT stock traded down $2.40 during trading hours on Friday, reaching $106.72. 986,623 shares of the stock were exchanged, compared to its average volume of 950,368. The firm has a market capitalization of $9.76 billion, a price-to-earnings ratio of 35.34, a price-to-earnings-growth ratio of 3.44 and a beta of 0.73. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies has a 12-month low of $86.70 and a 12-month high of $136.31. The company’s 50-day moving average price is $115.86 and its 200-day moving average price is $113.74.

Institutional Investors Weigh In On BWX Technologies

Large investors have recently added to or reduced their stakes in the stock. Stone House Investment Management LLC boosted its position in BWX Technologies by 76.2% in the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock valued at $25,000 after buying an additional 99 shares during the period. Retirement Wealth Solutions LLC bought a new stake in shares of BWX Technologies in the 4th quarter valued at about $30,000. Quarry LP raised its holdings in shares of BWX Technologies by 93.6% in the 3rd quarter. Quarry LP now owns 271 shares of the technology company’s stock valued at $29,000 after purchasing an additional 131 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in shares of BWX Technologies in the 3rd quarter valued at about $31,000. Finally, HHM Wealth Advisors LLC raised its holdings in shares of BWX Technologies by 45.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company’s stock valued at $32,000 after purchasing an additional 90 shares in the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

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; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.