Sequoia Financial Advisors LLC Takes $234,000 Position in BWX Technologies, Inc. (NYSE:BWXT)

Sequoia Financial Advisors LLC bought a new position in shares of BWX Technologies, Inc. (NYSE:BWXTFree Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,126 shares of the technology company’s stock, valued at approximately $234,000.

Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of BWX Technologies by 75.1% during the 2nd quarter. BlackRock Inc. now owns 9,358,710 shares of the technology company’s stock worth $669,803,000 after purchasing an additional 4,012,457 shares in the last quarter. Wellington Management Group LLP grew its position in BWX Technologies by 4.0% during the first quarter. Wellington Management Group LLP now owns 5,683,810 shares of the technology company’s stock worth $306,130,000 after buying an additional 217,425 shares in the last quarter. State Street Corp increased its stake in BWX Technologies by 40.2% during the 2nd quarter. State Street Corp now owns 3,507,248 shares of the technology company’s stock worth $251,014,000 after acquiring an additional 1,006,326 shares during the period. Snyder Capital Management L P raised its holdings in BWX Technologies by 2.5% in the 1st quarter. Snyder Capital Management L P now owns 2,820,007 shares of the technology company’s stock valued at $177,773,000 after acquiring an additional 68,435 shares in the last quarter. Finally, Capital Research Global Investors lifted its position in shares of BWX Technologies by 8.7% during the 1st quarter. Capital Research Global Investors now owns 2,632,834 shares of the technology company’s stock valued at $141,804,000 after acquiring an additional 211,329 shares during the period. 96.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BWXT has been the subject of a number of analyst reports. Alembic Global Advisors downgraded BWX Technologies from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $79.00 to $82.00 in a research note on Friday, November 3rd. Truist Financial boosted their target price on shares of BWX Technologies from $83.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Finally, StockNews.com lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, BWX Technologies presently has an average rating of “Moderate Buy” and an average price target of $81.25.

Check Out Our Latest Stock Report on BWX Technologies

BWX Technologies Price Performance

BWXT stock opened at $85.19 on Monday. The stock has a market cap of $7.80 billion, a price-to-earnings ratio of 34.91, a P/E/G ratio of 5.89 and a beta of 0.69. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.50 and a quick ratio of 2.50. The company has a 50 day simple moving average of $79.35 and a 200 day simple moving average of $76.29. BWX Technologies, Inc. has a 1 year low of $59.06 and a 1 year high of $85.45.

BWX Technologies Company Profile

(Free Report)

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; undertakes fabrication activities for missile launch tubes for U.S.

See Also

Institutional Ownership by Quarter for BWX Technologies (NYSE:BWXT)

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