Van ECK Associates Corp Purchases 448,467 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Van ECK Associates Corp increased its position in BWX Technologies, Inc. (NYSE:BWXT) by 46.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,408,736 shares of the technology company’s stock after buying an additional 448,467 shares during the period. Van ECK Associates Corp owned about 1.54% of BWX Technologies worth $156,919,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. FMR LLC grew its stake in BWX Technologies by 22.3% during the third quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock valued at $190,721,000 after acquiring an additional 320,217 shares in the last quarter. Geode Capital Management LLC boosted its stake in BWX Technologies by 1.6% during 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 buying an additional 26,130 shares during the last quarter. Thrivent Financial for Lutherans increased its position in BWX Technologies by 29.1% in the third quarter. Thrivent Financial for Lutherans now owns 746,145 shares of the technology company’s stock worth $81,105,000 after purchasing an additional 168,077 shares during the last quarter. Copeland Capital Management LLC raised its stake in BWX Technologies by 0.7% during the fourth quarter. Copeland Capital Management LLC now owns 716,946 shares of the technology company’s stock valued at $79,861,000 after purchasing an additional 5,173 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in BWX Technologies by 3.5% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 487,630 shares of the technology company’s stock valued at $54,318,000 after purchasing an additional 16,540 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BWXT. Alembic Global Advisors raised BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective on the stock in a research note on Tuesday, November 12th. Bank of America lifted their price objective on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Barclays increased their target price on shares of BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Truist Financial increased their price objective on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, BWX Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $127.50.

BWX Technologies Stock Performance

BWX Technologies stock opened at $109.48 on Thursday. 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 company has a market capitalization of $10.01 billion, a PE ratio of 36.25, a P/E/G ratio of 3.44 and a beta of 0.73. The company has a 50 day moving average price of $116.63 and a 200-day moving average price of $113.60. BWX Technologies, Inc. has a fifty-two week low of $83.71 and a fifty-two week high of $136.31.

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.