Keybank National Association OH cut its position in shares of BWX Technologies Inc (NYSE:BWXT) by 11.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,420 shares of the technology company’s stock after selling 2,716 shares during the period. Keybank National Association OH’s holdings in BWX Technologies were worth $1,235,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Cerebellum GP LLC purchased a new position in BWX Technologies during the fourth quarter valued at $128,000. First Manhattan Co. purchased a new position in BWX Technologies during the fourth quarter valued at $184,000. Quantbot Technologies LP lifted its holdings in BWX Technologies by 37.9% during the third quarter. Quantbot Technologies LP now owns 3,382 shares of the technology company’s stock valued at $189,000 after purchasing an additional 929 shares in the last quarter. CIBC Asset Management Inc purchased a new position in BWX Technologies during the fourth quarter valued at $204,000. Finally, Crossmark Global Holdings Inc. purchased a new position in BWX Technologies during the third quarter valued at $208,000. 93.79% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Monday, January 29th. SunTrust Banks reaffirmed a “buy” rating and set a $70.00 price objective on shares of BWX Technologies in a report on Friday, January 19th. Seaport Global Securities assumed coverage on shares of BWX Technologies in a report on Wednesday, January 10th. They set a “buy” rating and a $72.00 price objective on the stock. Wells Fargo & Co assumed coverage on shares of BWX Technologies in a report on Monday, December 11th. They set a “market perform” rating and a $65.00 price objective on the stock. Finally, ValuEngine downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. BWX Technologies presently has an average rating of “Buy” and an average price target of $65.88.
Shares of BWX Technologies Inc (NYSE BWXT) opened at $63.64 on Thursday. The company has a market cap of $6,326.05, a PE ratio of 31.35, a PEG ratio of 2.44 and a beta of 0.50. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.81 and a quick ratio of 1.81. BWX Technologies Inc has a 12-month low of $41.98 and a 12-month high of $65.06.
In other news, CFO David S. Black sold 1,000 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $61.88, for a total value of $61,880.00. Following the completion of the sale, the chief financial officer now directly owns 62,979 shares in the company, valued at $3,897,140.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 3,000 shares of company stock valued at $183,790 over the last quarter. Company insiders own 0.76% of the company’s stock.
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BWX Technologies Company Profile
BWX Technologies, Inc is a manufacturer of nuclear components and a service provider. The Company’s businesses focus on the design, engineering and manufacture of precision naval nuclear components, reactors and nuclear fuel for the United States Government. Its segments include Nuclear Operations, Technical Services, Nuclear Energy and Other.
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