Venturi Wealth Management LLC Acquires 771 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Venturi Wealth Management LLC boosted its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 12.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,129 shares of the technology company’s stock after acquiring an additional 771 shares during the quarter. Venturi Wealth Management LLC’s holdings in BWX Technologies were worth $794,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of BWXT. FMR LLC increased its stake in BWX Technologies by 22.3% in the 3rd quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock worth $190,721,000 after buying an additional 320,217 shares during the period. Geode Capital Management LLC increased its position in shares of 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 worth $182,938,000 after acquiring an additional 26,130 shares during the period. Van ECK Associates Corp raised its stake in shares of BWX Technologies by 46.7% during the fourth quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company’s stock valued at $156,919,000 after acquiring an additional 448,467 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of BWX Technologies by 29.1% during the third quarter. Thrivent Financial for Lutherans now owns 746,145 shares of the technology company’s stock valued at $81,105,000 after acquiring an additional 168,077 shares in the last quarter. Finally, Copeland Capital Management LLC grew its stake in BWX Technologies by 0.7% in the fourth quarter. Copeland Capital Management LLC now owns 716,946 shares of the technology company’s stock worth $79,861,000 after purchasing an additional 5,173 shares in the last quarter. Institutional investors own 94.39% of the company’s stock.

Analyst Ratings Changes

BWXT has been the subject of several research reports. Bank of America upped their target price on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Maxim Group increased their target price on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Alembic Global Advisors upgraded shares of BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target for the company in a report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Barclays boosted 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $127.50.

BWX Technologies Trading Down 0.2 %

NYSE BWXT opened at $106.60 on Wednesday. BWX Technologies, Inc. has a 52 week low of $86.70 and a 52 week high of $136.31. The company has a 50 day moving average price of $115.55 and a 200 day moving average price of $113.89. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. The firm has a market cap of $9.75 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 3.44 and a beta of 0.73.

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.