Retirement Systems of Alabama Has $13.73 Million Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Retirement Systems of Alabama raised its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 0.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 123,267 shares of the technology company’s stock after purchasing an additional 135 shares during the quarter. Retirement Systems of Alabama owned 0.13% of BWX Technologies worth $13,731,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. FMR LLC grew its position in BWX Technologies by 22.3% in the third quarter. FMR LLC now owns 1,754,567 shares of the technology company’s stock valued at $190,721,000 after acquiring an additional 320,217 shares during the period. Van ECK Associates Corp grew its holdings in shares of BWX Technologies by 49.7% in the 3rd quarter. Van ECK Associates Corp now owns 960,269 shares of the technology company’s stock worth $104,381,000 after purchasing an additional 318,598 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of BWX Technologies by 29.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 746,145 shares of the technology company’s stock worth $81,105,000 after purchasing an additional 168,077 shares in the last quarter. International Assets Investment Management LLC bought a new position in BWX Technologies during the 3rd quarter valued at about $136,780,000. Finally, Sanctuary Advisors LLC boosted its position in BWX Technologies by 1,249.4% in the third quarter. Sanctuary Advisors LLC now owns 86,509 shares of the technology company’s stock valued at $9,404,000 after buying an additional 80,098 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.

BWX Technologies Stock Performance

BWX Technologies stock opened at $114.62 on Friday. BWX Technologies, Inc. has a 1 year low of $83.26 and a 1 year high of $136.31. The company’s 50-day moving average is $118.02 and its two-hundred day moving average is $113.21. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.15. The company has a market cap of $10.48 billion, a PE ratio of 37.95, a PEG ratio of 3.45 and a beta of 0.73.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BWXT. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price objective for the company in a research report on Tuesday, November 12th. Barclays increased their target price on BWX Technologies from $90.00 to $105.00 and gave the stock an “underweight” rating in a report on Monday, December 16th. Truist Financial lifted their price target on BWX Technologies from $106.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Finally, Maxim Group increased their price objective on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, BWX Technologies has a consensus rating of “Moderate Buy” and an average target price of $127.50.

BWX Technologies Profile

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.