Legato Capital Management LLC Purchases 2,001 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Legato Capital Management LLC boosted its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 7.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,368 shares of the technology company’s stock after purchasing an additional 2,001 shares during the period. Legato Capital Management LLC’s holdings in BWX Technologies were worth $3,271,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stone House Investment Management LLC raised its stake in shares of BWX Technologies by 76.2% in the third quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock valued at $25,000 after acquiring an additional 99 shares during the last quarter. UMB Bank n.a. increased its holdings in BWX Technologies by 729.0% during the 3rd quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock valued at $28,000 after purchasing an additional 226 shares in the last quarter. Quarry LP raised its position in 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 during the last quarter. Retirement Wealth Solutions LLC acquired a new position in BWX Technologies in the fourth quarter worth $30,000. Finally, V Square Quantitative Management LLC bought a new stake in shares of BWX Technologies during the third quarter worth $31,000. 94.39% of the stock is currently owned by institutional investors and hedge funds.

BWX Technologies Stock Performance

BWXT stock opened at $111.87 on Wednesday. BWX Technologies, Inc. has a twelve month low of $83.71 and a twelve month high of $136.31. 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 company has a market cap of $10.23 billion, a P/E ratio of 37.04, a price-to-earnings-growth ratio of 3.44 and a beta of 0.73. The business’s fifty day moving average is $117.05 and its 200-day moving average is $113.63.

Analysts Set New Price Targets

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