Stephens Investment Management Group LLC Purchases Shares of 449,356 BWX Technologies, Inc. (NYSE:BWXT)

Stephens Investment Management Group LLC bought a new position in shares of BWX Technologies, Inc. (NYSE:BWXT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 449,356 shares of the technology company’s stock, valued at approximately $50,054,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its position in BWX Technologies by 22.3% during the third quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock worth $190,721,000 after buying an additional 320,217 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of BWX Technologies by 49.7% during the 3rd quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock worth $104,381,000 after buying an additional 318,598 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in BWX Technologies by 29.1% in the third quarter. Thrivent Financial for Lutherans now owns 746,145 shares of the technology company’s stock valued at $81,105,000 after buying an additional 168,077 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of BWX Technologies in the third quarter worth about $136,780,000. Finally, Sanctuary Advisors LLC increased its position in BWX Technologies by 1,249.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 86,509 shares of the technology company’s stock worth $9,404,000 after purchasing an additional 80,098 shares in the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on BWXT. Truist Financial boosted their price objective on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Alembic Global Advisors raised BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price on the stock in a report on Tuesday, November 12th. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Bank of America boosted their price objective on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.50.

BWX Technologies Price Performance

Shares of NYSE:BWXT opened at $114.62 on Friday. BWX Technologies, Inc. has a fifty-two week low of $83.26 and a fifty-two week high of $136.31. The company’s 50-day moving average is $117.70 and its 200 day moving average is $113.28. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The company has a market capitalization of $10.48 billion, a P/E ratio of 37.95, a price-to-earnings-growth ratio of 3.44 and a beta of 0.73.

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; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.