Boston Financial Mangement LLC Sells 981 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Boston Financial Mangement LLC decreased its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 7.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,826 shares of the technology company’s stock after selling 981 shares during the quarter. Boston Financial Mangement LLC’s holdings in BWX Technologies were worth $1,429,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC boosted its position in BWX Technologies by 22.3% during 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 in the last quarter. Geode Capital Management LLC boosted its position in BWX Technologies by 1.6% during the third quarter. Geode Capital Management LLC now owns 1,682,563 shares of the technology company’s stock valued at $182,938,000 after purchasing an additional 26,130 shares in the last quarter. Van ECK Associates Corp boosted its position in 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 valued at $156,919,000 after purchasing an additional 448,467 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in BWX Technologies by 29.1% during the third quarter. Thrivent Financial for Lutherans now owns 746,145 shares of the technology company’s stock valued at $81,105,000 after purchasing an additional 168,077 shares in the last quarter. Finally, Copeland Capital Management LLC boosted its position in BWX Technologies by 0.7% during the fourth quarter. Copeland Capital Management LLC now owns 716,946 shares of the technology company’s stock valued at $79,861,000 after purchasing an additional 5,173 shares in the last quarter. Institutional investors own 94.39% of the company’s stock.

Analyst Upgrades and Downgrades

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

BWX Technologies Trading Down 2.9 %

Shares of NYSE:BWXT opened at $104.58 on Friday. BWX Technologies, Inc. has a 52-week low of $86.70 and a 52-week high of $136.31. The stock has a market cap of $9.56 billion, a price-to-earnings ratio of 34.63, a PEG ratio of 3.26 and a beta of 0.73. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. The business has a 50-day moving average price of $114.58 and a 200-day moving average price of $113.87.

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.