Gotham Asset Management LLC Boosts Position in BWX Technologies, Inc. (BWXT)

Gotham Asset Management LLC increased its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 157.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,080 shares of the company’s stock after buying an additional 45,922 shares during the period. Gotham Asset Management LLC owned 0.08% of BWX Technologies worth $2,881,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. New York State Teachers Retirement System acquired a new stake in shares of BWX Technologies during the second quarter worth about $333,000. Bank of Montreal Can acquired a new stake in shares of BWX Technologies during the second quarter worth about $4,451,000. ZWJ Investment Counsel Inc. raised its stake in shares of BWX Technologies by 4.7% in the second quarter. ZWJ Investment Counsel Inc. now owns 120,442 shares of the company’s stock worth $4,309,000 after buying an additional 5,432 shares during the last quarter. Burgundy Asset Management Ltd. raised its stake in shares of BWX Technologies by 6.3% in the second quarter. Burgundy Asset Management Ltd. now owns 4,006,001 shares of the company’s stock worth $143,295,000 after buying an additional 236,228 shares during the last quarter. Finally, Carlson Capital L P raised its stake in shares of BWX Technologies by 7.1% in the second quarter. Carlson Capital L P now owns 781,764 shares of the company’s stock worth $27,964,000 after buying an additional 51,729 shares during the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for BWX Technologies (NYSE:BWXT)

Shares of BWX Technologies, Inc. (NYSE:BWXT) traded up 0.17% during mid-day trading on Friday, reaching $41.97. The company had a trading volume of 476,034 shares. The company’s 50-day moving average price is $40.91 and its 200-day moving average price is $39.18. The company has a market capitalization of $4.16 billion, a PE ratio of 30.15 and a beta of 0.36. BWX Technologies, Inc. has a 52-week low of $27.58 and a 52-week high of $42.43.

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BWXT has been the topic of a number of analyst reports. TheStreet lowered BWX Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, November 1st. Drexel Hamilton raised BWX Technologies from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Wednesday, November 9th. Bank of America Corporation lowered BWX Technologies from a “buy” rating to a “neutral” rating in a research report on Friday, November 18th. Zacks Investment Research raised BWX Technologies from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Monday, December 19th. Finally, SunTrust Banks, Inc. assumed coverage on BWX Technologies in a report on Thursday, January 19th. They issued a “buy” rating and a $46.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. BWX Technologies presently has a consensus rating of “Buy” and a consensus target price of $44.75.

In other BWX Technologies news, SVP James D. Canafax sold 4,500 shares of the firm’s 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 transaction, the senior vice president now owns 49,600 shares of the company’s stock, valued at approximately $2,026,160. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.86% of the company’s stock.

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.

5 Day Chart for NYSE:BWXT

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