Telemark Asset Management LLC Acquires 25,000 Shares of BWX Technologies, Inc. $BWXT

Telemark Asset Management LLC lifted its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 25.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 125,000 shares of the technology company’s stock after buying an additional 25,000 shares during the period. BWX Technologies accounts for about 2.2% of Telemark Asset Management LLC’s investment portfolio, making the stock its 17th biggest holding. Telemark Asset Management LLC’s holdings in BWX Technologies were worth $23,046,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Creative Financial Designs Inc. ADV grew its holdings in BWX Technologies by 250.0% in the second quarter. Creative Financial Designs Inc. ADV now owns 175 shares of the technology company’s stock worth $25,000 after purchasing an additional 125 shares during the period. Hantz Financial Services Inc. raised its holdings in shares of BWX Technologies by 861.9% during the second quarter. Hantz Financial Services Inc. now owns 202 shares of the technology company’s stock valued at $29,000 after purchasing an additional 181 shares during the period. WFA of San Diego LLC bought a new position in shares of BWX Technologies during the 2nd quarter worth about $29,000. Global Trust Asset Management LLC bought a new position in shares of BWX Technologies during the 3rd quarter worth about $32,000. Finally, Quent Capital LLC acquired a new stake in shares of BWX Technologies in the 3rd quarter valued at about $43,000. Institutional investors and hedge funds own 94.39% of the company’s stock.

Insider Transactions at BWX Technologies

In related news, CEO Rex D. Geveden sold 10,000 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $203.26, for a total value of $2,032,600.00. Following the completion of the sale, the chief executive officer directly owned 177,594 shares of the company’s stock, valued at approximately $36,097,756.44. This represents a 5.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.47% of the company’s stock.

BWX Technologies Stock Performance

Shares of BWXT opened at $206.35 on Friday. The firm has a market capitalization of $18.87 billion, a P/E ratio of 61.97, a P/E/G ratio of 3.32 and a beta of 0.84. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 week high of $220.57. The stock has a 50 day moving average price of $195.15 and a two-hundred day moving average price of $186.60. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.62 and a current ratio of 1.71.

Analysts Set New Price Targets

A number of research firms recently weighed in on BWXT. Northland Securities set a $225.00 price target on BWX Technologies in a research note on Tuesday, November 4th. Bank of America raised their price objective on BWX Technologies from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Zacks Research raised BWX Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 21st. Truist Financial set a $205.00 target price on BWX Technologies in a report on Friday, January 9th. Finally, CJS Securities raised shares of BWX Technologies to a “strong-buy” rating in a research report on Friday, December 12th. Three analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, BWX Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $199.20.

BWX Technologies Profile

BWX Technologies, Inc (NYSE: BWXT) is a specialized supplier of nuclear components and services, primarily serving the U.S. government and commercial markets. The company’s core expertise lies in the design, fabrication and servicing of nuclear propulsion systems for the U.S. Navy, where it supports the maintenance and overhaul of naval nuclear reactors. In addition to defense applications, BWXT develops small modular reactors (SMRs), nuclear fuel and related technologies for non‐defense power generation, offering scalable solutions to meet evolving energy and industrial demands.

Beyond propulsion and power systems, BWXT is a leading producer of medical radioisotopes used in diagnostic imaging and cancer treatment.