Texas Permanent School Fund Corp Reduces Stock Position in BWX Technologies, Inc. (NYSE:BWXT)

Texas Permanent School Fund Corp reduced its holdings in BWX Technologies, Inc. (NYSE:BWXTFree Report) by 3.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,671 shares of the technology company’s stock after selling 2,837 shares during the period. Texas Permanent School Fund Corp owned approximately 0.08% of BWX Technologies worth $5,824,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sunbelt Securities Inc. purchased a new position in shares of BWX Technologies during the 1st quarter worth about $25,000. CWM LLC boosted its stake in shares of BWX Technologies by 62.3% during the 2nd quarter. CWM LLC now owns 490 shares of the technology company’s stock worth $35,000 after purchasing an additional 188 shares during the period. Lazard Asset Management LLC purchased a new position in shares of BWX Technologies during the 1st quarter worth about $38,000. Millburn Ridgefield Corp purchased a new position in shares of BWX Technologies during the 3rd quarter worth about $50,000. Finally, Fifth Third Bancorp boosted its stake in shares of BWX Technologies by 37.3% during the 2nd quarter. Fifth Third Bancorp now owns 710 shares of the technology company’s stock worth $51,000 after purchasing an additional 193 shares during the period. 96.98% of the stock is owned by hedge funds and other institutional investors.

BWX Technologies Trading Up 1.6 %

NYSE BWXT opened at $85.19 on Monday. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.53. The firm has a market cap of $7.80 billion, a PE ratio of 34.91, a price-to-earnings-growth ratio of 5.89 and a beta of 0.69. The company has a 50 day moving average price of $79.35 and a 200 day moving average price of $76.29. BWX Technologies, Inc. has a 52 week low of $59.06 and a 52 week high of $85.45.

Analyst Ratings Changes

A number of equities analysts recently commented on BWXT shares. Alembic Global Advisors cut shares of BWX Technologies from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $79.00 to $82.00 in a research note on Friday, November 3rd. Truist Financial boosted their price objective 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 cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, BWX Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $81.25.

Get Our Latest Analysis on BWXT

BWX Technologies 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.

Further Reading

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

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