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

Van ECK Associates Corp raised its position in BWX Technologies, Inc. (NYSE:BWXT) by 46.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,408,736 shares of the technology company’s stock after acquiring an additional 448,467 shares during the period. Van ECK Associates Corp’s holdings in BWX Technologies were worth $156,919,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stephens Investment Management Group LLC acquired a new position in shares of BWX Technologies during the fourth quarter valued at about $50,054,000. FMR LLC grew its position in BWX Technologies by 22.3% during the 3rd 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 during the last quarter. Thrivent Financial for Lutherans increased its stake in BWX Technologies by 29.1% during 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 in the last quarter. International Assets Investment Management LLC acquired a new position in BWX Technologies during the 3rd quarter valued at approximately $136,780,000. Finally, Sanctuary Advisors LLC raised its holdings in shares of BWX Technologies by 1,249.4% in the third quarter. Sanctuary Advisors LLC now owns 86,509 shares of the technology company’s stock worth $9,404,000 after buying an additional 80,098 shares during the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

BWX Technologies Stock Down 2.2 %

BWXT opened at $109.48 on Thursday. The company has a fifty day moving average of $116.63 and a two-hundred day moving average of $113.60. The stock has a market capitalization of $10.01 billion, a price-to-earnings ratio of 36.25, a PEG ratio of 3.44 and a beta of 0.73. BWX Technologies, Inc. has a fifty-two week low of $83.71 and a fifty-two week high of $136.31. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BWXT. Bank of America boosted their price objective on shares of BWX Technologies from $115.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Alembic Global Advisors raised BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price for the company in a report on Tuesday, November 12th. StockNews.com downgraded shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Barclays raised their price target on shares of BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a research report on Monday, December 16th. Finally, Maxim Group upped their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, BWX Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.50.

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.