Stonebridge Financial Group LLC Invests $124,000 in BWX Technologies, Inc. (NYSE:BWXT)

Stonebridge Financial Group LLC bought a new position in BWX Technologies, Inc. (NYSE:BWXT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,117 shares of the technology company’s stock, valued at approximately $124,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Stone House Investment Management LLC increased its stake in BWX Technologies by 76.2% in the 3rd quarter. Stone House Investment Management LLC now owns 229 shares of the technology company’s stock worth $25,000 after purchasing an additional 99 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of BWX Technologies by 729.0% in the third quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock worth $28,000 after buying an additional 226 shares during the period. Quarry LP increased its position in shares of BWX Technologies by 93.6% in the third quarter. Quarry LP now owns 271 shares of the technology company’s stock worth $29,000 after acquiring an additional 131 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new position in shares of BWX Technologies in the fourth quarter worth approximately $30,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of BWX Technologies during the third quarter valued at approximately $31,000. 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 recent analyst reports. Barclays raised their price objective on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research note on Monday, December 16th. Bank of America raised their target price on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Truist Financial raised their price objective on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Finally, Maxim Group upped their target price on BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 10th. One investment 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’s stock. According to data from MarketBeat.com, BWX Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $127.50.

BWX Technologies Stock Performance

Shares of BWXT stock opened at $109.48 on Thursday. The firm has a market cap of $10.01 billion, a P/E ratio of 36.25, a PEG ratio of 3.44 and a beta of 0.73. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. BWX Technologies, Inc. has a fifty-two week low of $83.71 and a fifty-two week high of $136.31. The stock’s 50-day moving average is $116.63 and its two-hundred day moving average is $113.60.

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.