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

Naples Global Advisors LLC cut its holdings in BWX Technologies, Inc. (NYSE:BWXT) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Van ECK Associates Corp increased its stake in shares of BWX Technologies by 46.7% during the fourth quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company’s stock worth $156,919,000 after purchasing an additional 448,467 shares in the last quarter. Legato Capital Management LLC boosted its holdings in BWX Technologies by 7.3% in the 4th quarter. Legato Capital Management LLC now owns 29,368 shares of the technology company’s stock worth $3,271,000 after buying an additional 2,001 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in BWX Technologies by 0.4% during the 4th quarter. Louisiana State Employees Retirement System now owns 25,400 shares of the technology company’s stock worth $2,829,000 after buying an additional 100 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in BWX Technologies during the 4th quarter worth approximately $124,000. Finally, Sapient Capital LLC raised its holdings in shares of BWX Technologies by 2.7% during the fourth quarter. Sapient Capital LLC now owns 320,326 shares of the technology company’s stock valued at $35,681,000 after acquiring an additional 8,413 shares during the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

BWX Technologies Price Performance

Shares of BWXT stock opened at $109.48 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The company has a market capitalization of $10.01 billion, a PE ratio of 36.25, a price-to-earnings-growth ratio of 3.44 and a beta of 0.73. The firm’s 50-day moving average is $116.63 and its two-hundred day moving average is $113.60. BWX Technologies, Inc. has a 12 month low of $83.71 and a 12 month high of $136.31.

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.