State of Alaska Department of Revenue Reduces Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

State of Alaska Department of Revenue decreased its position in BWX Technologies, Inc. (NYSE:BWXT) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,468 shares of the technology company’s stock after selling 215 shares during the quarter. State of Alaska Department of Revenue’s holdings in BWX Technologies were worth $5,620,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of BWXT. Creative Planning raised its position in BWX Technologies by 44.1% during the 2nd quarter. Creative Planning now owns 7,324 shares of the technology company’s stock valued at $696,000 after purchasing an additional 2,242 shares during the last quarter. Truist Financial Corp increased its stake in shares of BWX Technologies by 3.3% during the second quarter. Truist Financial Corp now owns 8,250 shares of the technology company’s stock valued at $784,000 after buying an additional 262 shares during the period. Sanctuary Advisors LLC bought a new position in shares of BWX Technologies during the second quarter valued at approximately $615,000. GAMMA Investing LLC lifted its stake in BWX Technologies by 122.8% in the third quarter. GAMMA Investing LLC now owns 956 shares of the technology company’s stock worth $104,000 after acquiring an additional 527 shares during the period. Finally, Daymark Wealth Partners LLC bought a new stake in BWX Technologies in the third quarter valued at $341,000. 94.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on BWXT. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Maxim Group raised their price objective 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. Truist Financial upped their target price on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price for the company in a research note on Tuesday, November 12th. Finally, Bank of America upped their price target on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $127.50.

BWX Technologies Trading Up 1.6 %

NYSE BWXT opened at $114.62 on Friday. BWX Technologies, Inc. has a 12 month low of $83.26 and a 12 month high of $136.31. 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 stock’s fifty day moving average price is $118.02 and its 200-day moving average price is $113.21. The stock has a market cap of $10.48 billion, a P/E ratio of 37.95, a P/E/G ratio of 3.45 and a beta of 0.73.

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.