Financial Sense Advisors Inc. Raises Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Financial Sense Advisors Inc. grew its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 31.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 13,187 shares of the technology company’s stock after acquiring an additional 3,118 shares during the period. Financial Sense Advisors Inc.’s holdings in BWX Technologies were worth $1,469,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BWXT. Venturi Wealth Management LLC lifted its holdings in BWX Technologies by 12.1% in the 4th quarter. Venturi Wealth Management LLC now owns 7,129 shares of the technology company’s stock worth $794,000 after purchasing an additional 771 shares in the last quarter. Pinnbrook Capital Management LP bought a new stake in shares of BWX Technologies during the fourth quarter valued at approximately $5,258,000. Truist Financial Corp lifted its holdings in shares of BWX Technologies by 13.7% in the fourth quarter. Truist Financial Corp now owns 10,674 shares of the technology company’s stock worth $1,189,000 after buying an additional 1,289 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of BWX Technologies by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 2,807 shares of the technology company’s stock worth $313,000 after acquiring an additional 140 shares during the last quarter. Finally, Secured Retirement Advisors LLC purchased a new position in BWX Technologies during the fourth quarter valued at $777,000. Institutional investors own 94.39% of the company’s stock.

BWX Technologies Trading Up 1.0 %

BWXT stock opened at $107.85 on Thursday. BWX Technologies, Inc. has a twelve month low of $86.70 and a twelve month high of $136.31. The stock has a market capitalization of $9.86 billion, a price-to-earnings ratio of 35.71, a price-to-earnings-growth ratio of 3.26 and a beta of 0.73. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. The firm’s fifty day simple moving average is $114.94 and its two-hundred day simple moving average is $113.94.

Analyst Ratings Changes

Several analysts have commented on the stock. Truist Financial boosted their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Alembic Global Advisors raised BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target for the company in a research note on Tuesday, November 12th. Barclays upped their price objective on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a report on Monday, December 16th. StockNews.com lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $127.50.

BWX Technologies Company 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.