Janney Montgomery Scott LLC Raises Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Janney Montgomery Scott LLC grew its stake in BWX Technologies, Inc. (NYSE:BWXT) by 3.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,634 shares of the technology company’s stock after buying an additional 498 shares during the quarter. Janney Montgomery Scott LLC’s holdings in BWX Technologies were worth $1,519,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in BWXT. Geode Capital Management LLC lifted its stake in BWX Technologies by 1.6% in the third quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company’s stock worth $182,938,000 after acquiring an additional 26,130 shares during the last quarter. Cadinha & Co. LLC lifted its position in shares of BWX Technologies by 469.2% during the 4th quarter. Cadinha & Co. LLC now owns 64,341 shares of the technology company’s stock worth $7,167,000 after purchasing an additional 53,038 shares during the last quarter. Cooper Financial Group acquired a new position in shares of BWX Technologies during the fourth quarter worth $737,000. Hilton Capital Management LLC purchased a new position in BWX Technologies in the third quarter valued at $2,237,000. Finally, Bullseye Asset Management LLC raised its stake in BWX Technologies by 39.5% in the third quarter. Bullseye Asset Management LLC now owns 17,655 shares of the technology company’s stock valued at $1,920,000 after buying an additional 5,000 shares in the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BWXT. Bank of America increased their price objective on BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, November 14th. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Maxim Group upped their target price on shares of BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 10th. Alembic Global Advisors raised 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 report on Tuesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $127.50.

BWX Technologies Trading Down 0.5 %

NYSE BWXT opened at $112.34 on Tuesday. The firm’s fifty day moving average is $119.14 and its two-hundred day moving average is $113.15. BWX Technologies, Inc. has a one year low of $81.66 and a one year 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 firm has a market cap of $10.27 billion, a PE ratio of 37.20, a P/E/G ratio of 3.45 and a beta of 0.73.

BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.06. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm had revenue of $672.00 million for the quarter, compared to analysts’ expectations of $658.84 million. During the same quarter in the previous year, the firm posted $0.67 EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. Analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Company 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.