Charles Schwab Investment Management Inc. grew its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT – Free Report) by 1.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,040,674 shares of the technology company’s stock after buying an additional 11,010 shares during the period. Charles Schwab Investment Management Inc.’s holdings in BWX Technologies were worth $78,030,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Texas Permanent School Fund Corp bought a new stake in BWX Technologies in the second quarter worth $5,762,000. Legacy Wealth Asset Management LLC lifted its position in BWX Technologies by 2.5% in the second quarter. Legacy Wealth Asset Management LLC now owns 5,585 shares of the technology company’s stock worth $400,000 after buying an additional 138 shares during the last quarter. First Horizon Advisors Inc. lifted its position in BWX Technologies by 14.7% in the second quarter. First Horizon Advisors Inc. now owns 1,553 shares of the technology company’s stock worth $111,000 after buying an additional 199 shares during the last quarter. Barometer Capital Management Inc. lifted its position in BWX Technologies by 100.5% in the third quarter. Barometer Capital Management Inc. now owns 48,340 shares of the technology company’s stock worth $3,625,000 after buying an additional 24,230 shares during the last quarter. Finally, Northern Trust Corp lifted its position in BWX Technologies by 59.8% in the second quarter. Northern Trust Corp now owns 702,397 shares of the technology company’s stock worth $50,271,000 after buying an additional 262,722 shares during the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Truist Financial raised their price target on BWX Technologies from $83.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. StockNews.com upgraded BWX Technologies from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Alembic Global Advisors lowered BWX Technologies from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $79.00 to $82.00 in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.25.
BWX Technologies Stock Performance
Shares of BWX Technologies stock opened at $84.95 on Tuesday. The firm has a market cap of $7.77 billion, a P/E ratio of 34.81, a P/E/G ratio of 5.89 and a beta of 0.69. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 1.53. BWX Technologies, Inc. has a 12 month low of $59.06 and a 12 month high of $86.15. The stock’s fifty day moving average price is $79.42 and its 200-day moving average price is $76.41.
BWX Technologies 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; undertakes fabrication activities for missile launch tubes for U.S.
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