BWX Technologies, Inc. (NYSE:BWXT) Sees Large Growth in Short Interest

BWX Technologies, Inc. (NYSE:BWXT) was the recipient of a significant 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. Currently, 1.4% of the shares of the stock are sold short. Based on an average trading volume of 891,900 shares, the days-to-cover ratio is currently 1.4 days.

Hedge Funds Weigh In On BWX Technologies

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

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Barclays lifted their price target on shares of BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a report on Monday, December 16th. Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price on the stock in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft raised 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. Maxim Group increased their target price on BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, Bank of America boosted their price target on shares of BWX Technologies from $115.00 to $160.00 and gave the stock 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 assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $127.50.

BWX Technologies Trading Down 2.2 %

BWXT stock opened at $106.72 on Tuesday. The firm’s fifty day simple moving average is $115.55 and its two-hundred day simple moving average is $113.89. The stock 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 quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. BWX Technologies has a twelve month low of $86.70 and a twelve month high of $136.31.

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.