BWX Technologies, Inc. $BWXT Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC lifted its stake in BWX Technologies, Inc. (NYSE:BWXT) by 21.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,724 shares of the technology company’s stock after purchasing an additional 4,590 shares during the quarter. NEOS Investment Management LLC’s holdings in BWX Technologies were worth $4,743,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in BWXT. Invesco Ltd. lifted its holdings in shares of BWX Technologies by 139.0% in the second quarter. Invesco Ltd. now owns 1,592,380 shares of the technology company’s stock valued at $229,398,000 after purchasing an additional 926,117 shares in the last quarter. Artisan Partners Limited Partnership acquired a new position in shares of BWX Technologies in the 2nd quarter valued at about $183,859,000. Massachusetts Financial Services Co. MA grew its position in BWX Technologies by 26.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,159,033 shares of the technology company’s stock valued at $213,691,000 after purchasing an additional 239,292 shares in the last quarter. Mawer Investment Management Ltd. boosted its stake in shares of BWX Technologies by 15.6% during the 2nd quarter. Mawer Investment Management Ltd. now owns 900,449 shares of the technology company’s stock valued at $129,719,000 after buying an additional 121,498 shares during the period. Finally, Raymond James Financial Inc. raised its holdings in shares of BWX Technologies by 7.9% during the second quarter. Raymond James Financial Inc. now owns 707,602 shares of the technology company’s stock worth $101,937,000 after acquiring an additional 51,998 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Weiss Ratings downgraded BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 26th. Zacks Research raised BWX Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. BNP Paribas Exane began coverage on BWX Technologies in a report on Thursday, January 15th. They issued a “neutral” rating and a $215.00 price objective on the stock. Truist Financial set a $205.00 price objective on shares of BWX Technologies in a research report on Friday, January 9th. Finally, Bank of America boosted their target price on shares of BWX Technologies from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Three analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $199.20.

BWX Technologies Stock Up 0.7%

Shares of BWXT stock opened at $202.50 on Thursday. The stock’s 50 day simple moving average is $194.01 and its 200 day simple moving average is $186.05. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $220.57. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.62 and a current ratio of 1.71. The company has a market capitalization of $18.51 billion, a price-to-earnings ratio of 60.81, a PEG ratio of 3.23 and a beta of 0.84.

Insiders Place Their Bets

In other BWX Technologies news, CEO Rex D. Geveden sold 10,000 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $203.26, for a total transaction of $2,032,600.00. Following the completion of the sale, the chief executive officer directly owned 177,594 shares in the company, valued at $36,097,756.44. This represents a 5.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is currently owned by corporate insiders.

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.