Strs Ohio Has $4.64 Million Stock Holdings in BWX Technologies, Inc. $BWXT

Strs Ohio increased its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 3.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 32,181 shares of the technology company’s stock after purchasing an additional 1,081 shares during the period. Strs Ohio’s holdings in BWX Technologies were worth $4,636,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in BWXT. Valeo Financial Advisors LLC lifted its position in shares of BWX Technologies by 33,572.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,517,599 shares of the technology company’s stock worth $2,228,000 after purchasing an additional 1,513,092 shares during the last quarter. William Blair Investment Management LLC lifted its position in shares of BWX Technologies by 523.2% during the 2nd quarter. William Blair Investment Management LLC now owns 1,517,356 shares of the technology company’s stock worth $218,590,000 after purchasing an additional 1,273,895 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of BWX Technologies by 19.7% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,503,679 shares of the technology company’s stock worth $444,288,000 after purchasing an additional 741,282 shares during the last quarter. Westwood Holdings Group Inc. lifted its position in shares of BWX Technologies by 279.0% during the 1st quarter. Westwood Holdings Group Inc. now owns 958,563 shares of the technology company’s stock worth $94,562,000 after purchasing an additional 705,648 shares during the last quarter. Finally, ARK Investment Management LLC lifted its position in shares of BWX Technologies by 426.5% during the 2nd quarter. ARK Investment Management LLC now owns 641,049 shares of the technology company’s stock worth $92,350,000 after purchasing an additional 519,285 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

BWX Technologies Price Performance

BWX Technologies stock opened at $213.64 on Monday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 1.69. The firm has a market cap of $19.53 billion, a P/E ratio of 66.76, a P/E/G ratio of 4.24 and a beta of 0.78. The business’s fifty day moving average is $183.78 and its two-hundred day moving average is $152.34. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 week high of $218.50.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings data on Monday, August 4th. The technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.23. The firm had revenue of $764.00 million for the quarter, compared to analyst estimates of $708.00 million. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the company earned $0.82 EPS. Equities research analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Maxim Group restated a “hold” rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Bank of America boosted their price target on BWX Technologies from $155.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. William Blair restated an “outperform” rating on shares of BWX Technologies in a research note on Wednesday, September 17th. Deutsche Bank Aktiengesellschaft set a $180.00 price target on BWX Technologies and gave the company a “hold” rating in a research note on Wednesday, October 8th. Finally, Truist Financial boosted their price target on BWX Technologies from $145.00 to $173.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $168.08.

Insider Transactions at BWX Technologies

In other BWX Technologies news, SVP Omar Fathi Meguid sold 2,261 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $179.84, for a total value of $406,618.24. Following the transaction, the senior vice president directly owned 2,361 shares in the company, valued at approximately $424,602.24. This trade represents a 48.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $177.43, for a total value of $371,183.56. Following the completion of the transaction, the senior vice president directly owned 10,149 shares in the company, valued at approximately $1,800,737.07. This trade represents a 17.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 29,953 shares of company stock valued at $5,359,758 over the last 90 days. 0.47% of the stock is currently owned by corporate insiders.

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.