Pinnbrook Capital Management LP Makes New Investment in BWX Technologies, Inc. (NYSE:BWXT)

Pinnbrook Capital Management LP acquired a new stake in BWX Technologies, Inc. (NYSE:BWXT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 47,200 shares of the technology company’s stock, valued at approximately $5,258,000. Pinnbrook Capital Management LP owned approximately 0.05% of BWX Technologies at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in BWXT. Stephens Investment Management Group LLC purchased a new position in BWX Technologies in the 4th quarter valued at about $50,054,000. Van ECK Associates Corp boosted its stake in shares of BWX Technologies by 46.7% in the fourth quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company’s stock worth $156,919,000 after acquiring an additional 448,467 shares during the last quarter. FMR LLC increased its position in shares of BWX Technologies by 22.3% during the third quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock worth $190,721,000 after purchasing an additional 320,217 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in BWX Technologies by 29.1% in the 3rd 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 during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in BWX Technologies in the 3rd quarter valued at $136,780,000. 94.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BWXT has been the subject of a number of research reports. Bank of America upped their target price on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Truist Financial increased their price objective on shares of BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Maxim Group boosted their target price on BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft increased their price target on BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, StockNews.com downgraded BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, BWX Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $127.50.

BWX Technologies Trading Down 2.2 %

Shares of BWX Technologies stock opened at $106.72 on Tuesday. The stock has a 50 day moving average of $115.55 and a 200 day moving average of $113.89. 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 capitalization of $9.76 billion, a price-to-earnings ratio of 35.34, a PEG ratio of 3.44 and a beta of 0.73. BWX Technologies, Inc. has a fifty-two week low of $86.70 and a fifty-two week high of $136.31.

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.