Allspring Global Investments Holdings LLC Trims Stake in BWX Technologies, Inc. (NYSE:BWXT)

Allspring Global Investments Holdings LLC lowered its stake in BWX Technologies, Inc. (NYSE:BWXT) by 42.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,120 shares of the technology company’s stock after selling 843 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in BWX Technologies were worth $122,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Quent Capital LLC lifted its stake in shares of BWX Technologies by 147.6% during the 3rd quarter. Quent Capital LLC now owns 255 shares of the technology company’s stock worth $28,000 after purchasing an additional 152 shares during the period. UMB Bank n.a. increased its holdings in BWX Technologies by 729.0% in the 3rd quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock valued at $28,000 after purchasing an additional 226 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in BWX Technologies in the 3rd quarter valued at $31,000. GAMMA Investing LLC increased its holdings in BWX Technologies by 58.9% in the 2nd quarter. GAMMA Investing LLC now owns 429 shares of the technology company’s stock valued at $41,000 after purchasing an additional 159 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in BWX Technologies in the 2nd quarter valued at $45,000. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BWXT shares. Deutsche Bank Aktiengesellschaft raised their target price on BWX Technologies from $113.00 to $129.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. StockNews.com raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Finally, Barclays cut shares of BWX Technologies from an “equal weight” rating to an “underweight” rating and raised their target price for the stock from $75.00 to $90.00 in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BWX Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $108.67.

BWX Technologies Price Performance

NYSE BWXT opened at $119.68 on Tuesday. BWX Technologies, Inc. has a 12 month low of $74.62 and a 12 month high of $128.00. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.23 and a quick ratio of 2.23. The firm has a market capitalization of $10.94 billion, a PE ratio of 40.99, a P/E/G ratio of 4.38 and a beta of 0.69. The company’s 50 day simple moving average is $110.45 and its 200 day simple moving average is $100.04.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, August 5th. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.06. The firm had revenue of $681.50 million for the quarter, compared to analyst estimates of $639.31 million. BWX Technologies had a net margin of 10.29% and a return on equity of 31.93%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 earnings per share. As a group, equities research analysts forecast that BWX Technologies, Inc. will post 3.2 EPS for the current fiscal year.

BWX Technologies Company 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.