William Blair Investment Management LLC Purchases 922,103 Shares of BWX Technologies, Inc. (BWXT)
William Blair Investment Management LLC boosted its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 40.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,191,674 shares of the company’s stock after buying an additional 922,103 shares during the period. William Blair Investment Management LLC owned approximately 3.22% of BWX Technologies worth $126,709,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new position in BWX Technologies during the third quarter worth about $107,000. Public Employees Retirement Association of Colorado raised its position in BWX Technologies by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 3,006 shares of the company’s stock worth $115,000 after buying an additional 12 shares during the period. Advisor Group Inc. raised its position in BWX Technologies by 148.5% in the third quarter. Advisor Group Inc. now owns 5,335 shares of the company’s stock worth $174,000 after buying an additional 3,188 shares during the period. PNC Financial Services Group Inc. raised its position in BWX Technologies by 3.0% in the third quarter. PNC Financial Services Group Inc. now owns 4,974 shares of the company’s stock worth $190,000 after buying an additional 145 shares during the period. Finally, Ifrah Financial Services Inc. purchased a new position in BWX Technologies during the third quarter worth about $241,000. Institutional investors own 98.19% of the company’s stock.
Shares of BWX Technologies, Inc. (NYSE:BWXT) traded up 0.12% on Thursday, hitting $42.43. 459,566 shares of the stock traded hands. BWX Technologies, Inc. has a one year low of $29.14 and a one year high of $42.79. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 30.48 and a beta of 0.36. The company’s 50 day moving average is $41.17 and its 200 day moving average is $39.34.
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BWXT has been the topic of several recent analyst reports. TheStreet lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, November 1st. Drexel Hamilton upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Wednesday, November 9th. Bank of America Corporation lowered shares of BWX Technologies from a “buy” rating to a “neutral” rating in a report on Friday, November 18th. Zacks Investment Research upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Monday, December 19th. Finally, SunTrust Banks, Inc. initiated coverage on shares of BWX Technologies in a report on Thursday, January 19th. They set a “buy” rating and a $46.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. BWX Technologies presently has a consensus rating of “Buy” and an average price target of $44.75.
In related news, SVP James D. Canafax sold 4,500 shares of BWX Technologies stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $40.85, for a total transaction of $183,825.00. Following the sale, the senior vice president now directly owns 49,600 shares in the company, valued at $2,026,160. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.86% of the stock is owned by insiders.
BWX Technologies Company Profile
BWX Technologies, Inc, formerly The Babcock & Wilcox Company, 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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