Tcfg Wealth Management LLC Lowers Position in BWX Technologies, Inc. (NYSE:BWXT)

Tcfg Wealth Management LLC decreased its position in BWX Technologies, Inc. (NYSE:BWXT) by 12.1% during the 4th quarter, Holdings Channel reports. The fund owned 8,920 shares of the technology company’s stock after selling 1,230 shares during the quarter. Tcfg Wealth Management LLC’s holdings in BWX Technologies were worth $994,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Narwhal Capital Management lifted its stake in shares of BWX Technologies by 33.4% in the fourth quarter. Narwhal Capital Management now owns 20,979 shares of the technology company’s stock valued at $2,337,000 after purchasing an additional 5,250 shares during the period. Geode Capital Management LLC lifted its stake in shares of 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 valued at $182,938,000 after purchasing an additional 26,130 shares during the period. Cadinha & Co. LLC lifted its stake in shares of BWX Technologies by 469.2% in the fourth quarter. Cadinha & Co. LLC now owns 64,341 shares of the technology company’s stock valued at $7,167,000 after purchasing an additional 53,038 shares during the period. Cooper Financial Group acquired a new stake in shares of BWX Technologies in the fourth quarter valued at about $737,000. Finally, Strategic Planning Group LLC acquired a new stake in shares of BWX Technologies in the fourth quarter valued at about $3,005,000. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Analyst Upgrades and Downgrades

BWXT has been the subject of several recent analyst reports. Truist Financial raised their price objective 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. Bank of America lifted their target price on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Maxim Group lifted their target price on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price for the company in a research report on Tuesday, November 12th. One 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $127.50.

BWX Technologies Stock Performance

Shares of NYSE BWXT opened at $106.72 on Friday. The company has a market cap of $9.76 billion, a PE ratio of 35.34, a price-to-earnings-growth ratio of 3.44 and a beta of 0.73. BWX Technologies, Inc. has a 12 month low of $86.70 and a 12 month high of $136.31. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The company has a 50-day simple moving average of $115.86 and a 200-day simple moving average of $113.74.

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.