Stephens Investment Management Group LLC Invests $50.05 Million in BWX Technologies, Inc. (NYSE:BWXT)

Stephens Investment Management Group LLC bought a new position in BWX Technologies, Inc. (NYSE:BWXT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 449,356 shares of the technology company’s stock, valued at approximately $50,054,000. Stephens Investment Management Group LLC owned approximately 0.49% of BWX Technologies as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BWXT. Creative Planning increased its position in BWX Technologies by 44.1% in the 2nd quarter. Creative Planning now owns 7,324 shares of the technology company’s stock worth $696,000 after purchasing an additional 2,242 shares during the last quarter. Truist Financial Corp increased its holdings in shares of BWX Technologies by 3.3% during the 2nd quarter. Truist Financial Corp now owns 8,250 shares of the technology company’s stock valued at $784,000 after acquiring an additional 262 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in BWX Technologies in the 2nd quarter worth approximately $615,000. GAMMA Investing LLC grew its holdings in BWX Technologies by 122.8% during the third quarter. GAMMA Investing LLC now owns 956 shares of the technology company’s stock valued at $104,000 after purchasing an additional 527 shares during the last quarter. Finally, CWM LLC lifted its position in BWX Technologies by 92.5% during the 3rd quarter. CWM LLC now owns 2,605 shares of the technology company’s stock worth $283,000 after acquiring an additional 1,252 shares during the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

BWX Technologies Price Performance

Shares of BWXT opened at $114.62 on Friday. BWX Technologies, Inc. has a twelve month low of $83.26 and a twelve month high of $136.31. The company has a 50 day moving average of $117.70 and a 200-day moving average of $113.28. The stock has a market capitalization of $10.48 billion, a P/E ratio of 37.95, a P/E/G ratio of 3.44 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.

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.