Van ECK Associates Corp Raises Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Van ECK Associates Corp increased its position in BWX Technologies, Inc. (NYSE:BWXT) by 49.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 960,269 shares of the technology company’s stock after buying an additional 318,598 shares during the period. Van ECK Associates Corp’s holdings in BWX Technologies were worth $104,381,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in BWXT. AQR Capital Management LLC raised its holdings in shares of BWX Technologies by 77.8% in the 2nd quarter. AQR Capital Management LLC now owns 132,263 shares of the technology company’s stock worth $12,565,000 after purchasing an additional 57,879 shares during the period. Bridges Investment Management Inc. increased its position in BWX Technologies by 76.3% in the second quarter. Bridges Investment Management Inc. now owns 359,147 shares of the technology company’s stock worth $34,119,000 after buying an additional 155,387 shares during the period. Quantbot Technologies LP bought a new stake in BWX Technologies in the 1st quarter valued at about $1,096,000. Russell Investments Group Ltd. grew its position in BWX Technologies by 39.9% in the 1st quarter. Russell Investments Group Ltd. now owns 111,757 shares of the technology company’s stock worth $11,469,000 after purchasing an additional 31,845 shares during the last quarter. Finally, Compass Wealth Management LLC acquired a new stake in shares of BWX Technologies in the third quarter valued at approximately $3,456,000. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Trading Up 0.7 %

NYSE:BWXT opened at $122.58 on Monday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.23 and a current ratio of 2.23. The company has a market capitalization of $11.21 billion, a P/E ratio of 41.98, a P/E/G ratio of 4.38 and a beta of 0.69. The stock’s 50 day moving average price is $110.45 and its 200 day moving average price is $99.99. BWX Technologies, Inc. has a 52 week low of $74.62 and a 52 week high of $128.00.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, August 5th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.06. BWX Technologies had a return on equity of 31.93% and a net margin of 10.29%. The company had revenue of $681.50 million for the quarter, compared to the consensus estimate of $639.31 million. During the same period last year, the business posted $0.65 earnings per share. The firm’s revenue was up 11.3% compared to the same quarter last year. On average, research analysts forecast that BWX Technologies, Inc. will post 3.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BWXT has been the subject of a number of recent analyst reports. Barclays lowered BWX Technologies from an “equal weight” rating to an “underweight” rating and increased their price objective for the stock from $75.00 to $90.00 in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised their price target on BWX Technologies from $113.00 to $129.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, StockNews.com raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $108.67.

About BWX Technologies

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.