State of New Jersey Common Pension Fund D Reduces Holdings in BWX Technologies, Inc. (NYSE:BWXT)

State of New Jersey Common Pension Fund D lessened its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,373 shares of the technology company’s stock after selling 834 shares during the period. State of New Jersey Common Pension Fund D’s holdings in BWX Technologies were worth $3,717,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BWXT. Secured Retirement Advisors LLC bought a new position in shares of BWX Technologies in the fourth quarter worth about $777,000. Principal Securities Inc. grew its position in shares of BWX Technologies by 40.4% during the 4th quarter. Principal Securities Inc. now owns 316 shares of the technology company’s stock worth $35,000 after buying an additional 91 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of BWX Technologies by 11.3% in the fourth quarter. Valeo Financial Advisors LLC now owns 3,939 shares of the technology company’s stock valued at $439,000 after acquiring an additional 400 shares in the last quarter. New York State Teachers Retirement System lifted its stake in BWX Technologies by 38.6% in the fourth quarter. New York State Teachers Retirement System now owns 20,100 shares of the technology company’s stock worth $2,239,000 after acquiring an additional 5,600 shares during the period. Finally, V Square Quantitative Management LLC grew its holdings in BWX Technologies by 40.5% during the 4th quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company’s stock worth $45,000 after acquiring an additional 117 shares in the last quarter. 94.39% of the stock is owned by institutional investors.

BWX Technologies Stock Up 1.0 %

Shares of BWXT stock opened at $107.85 on Thursday. The stock’s fifty day moving average price is $114.94 and its 200 day moving average price is $113.94. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. BWX Technologies, Inc. has a 1-year low of $86.70 and a 1-year high of $136.31. The company has a market cap of $9.86 billion, a price-to-earnings ratio of 35.71, a price-to-earnings-growth ratio of 3.26 and a beta of 0.73.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on BWXT shares. StockNews.com lowered shares of BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Maxim Group increased their target price on BWX Technologies from $138.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Bank of America boosted their price target on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft upped their price objective on BWX Technologies from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Barclays lifted their target price on BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, BWX Technologies has an average rating of “Moderate Buy” and a consensus price target of $127.50.

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.