Choreo LLC Increases Stake in BWX Technologies, Inc. (NYSE:BWXT)

Choreo LLC raised its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 76.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,311 shares of the technology company’s stock after purchasing an additional 1,870 shares during the quarter. Choreo LLC’s holdings in BWX Technologies were worth $483,000 as of its most recent filing with the Securities & Exchange Commission.

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

BWX Technologies Stock Performance

BWX Technologies stock opened at $111.87 on Wednesday. BWX Technologies, Inc. has a fifty-two week low of $83.71 and a fifty-two week high of $136.31. 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 stock has a market cap of $10.23 billion, a P/E ratio of 37.04, a price-to-earnings-growth ratio of 3.44 and a beta of 0.73. The firm’s fifty day moving average price is $117.05 and its 200-day moving average price is $113.63.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BWXT shares. Barclays increased their price objective on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a report on Monday, December 16th. Truist Financial increased their price target on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Maxim Group boosted their price objective on shares of BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price on the stock in a research note on Tuesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently 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.