Naples Global Advisors LLC Lowers Position in BWX Technologies, Inc. (NYSE:BWXT)

Naples Global Advisors LLC trimmed its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,549 shares of the technology company’s stock after selling 195 shares during the quarter. Naples Global Advisors LLC’s holdings in BWX Technologies were worth $3,737,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Narwhal Capital Management increased its position in shares of BWX Technologies by 33.4% during the fourth quarter. Narwhal Capital Management now owns 20,979 shares of the technology company’s stock valued at $2,337,000 after acquiring an additional 5,250 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of BWX Technologies by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company’s stock worth $182,938,000 after purchasing an additional 26,130 shares during the period. Cadinha & Co. LLC increased its holdings in BWX Technologies by 469.2% in the 4th quarter. Cadinha & Co. LLC now owns 64,341 shares of the technology company’s stock valued at $7,167,000 after purchasing an additional 53,038 shares during the last quarter. Cooper Financial Group purchased a new stake in BWX Technologies in the fourth quarter valued at approximately $737,000. Finally, Strategic Planning Group LLC acquired a new position in BWX Technologies during the fourth quarter worth $3,005,000. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

BWX Technologies Stock Down 2.2 %

Shares of BWX Technologies stock opened at $109.48 on Thursday. 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, Inc. has a 52-week low of $83.71 and a 52-week high of $136.31. The company has a market capitalization of $10.01 billion, a P/E ratio of 36.25, a P/E/G ratio of 3.44 and a beta of 0.73. The company has a 50 day moving average of $116.63 and a 200 day moving average of $113.60.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BWXT shares. Alembic Global Advisors raised BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective for the company in a research note on Tuesday, November 12th. Maxim Group lifted 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. Barclays increased their price target on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research report on Monday, December 16th. Truist Financial lifted their price objective on shares of BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $127.50.

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.