Telemark Asset Management LLC Has $23.05 Million Holdings in BWX Technologies, Inc. $BWXT

Telemark Asset Management LLC lifted its stake in shares of BWX Technologies, Inc. (NYSE:BWXT) by 25.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 125,000 shares of the technology company’s stock after purchasing an additional 25,000 shares during the quarter. BWX Technologies accounts for about 2.2% of Telemark Asset Management LLC’s portfolio, making the stock its 17th largest position. Telemark Asset Management LLC owned about 0.14% of BWX Technologies worth $23,046,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of BWXT. Goldman Sachs Group Inc. boosted its holdings in shares of BWX Technologies by 0.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 141,680 shares of the technology company’s stock valued at $13,977,000 after acquiring an additional 371 shares in the last quarter. Caxton Associates LLP bought a new position in BWX Technologies in the first quarter valued at about $304,000. CWM LLC boosted its stake in shares of BWX Technologies by 6.4% during the second quarter. CWM LLC now owns 2,703 shares of the technology company’s stock valued at $389,000 after purchasing an additional 163 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new stake in shares of BWX Technologies during the second quarter valued at about $217,000. Finally, Forum Financial Management LP bought a new stake in shares of BWX Technologies during the second quarter worth about $242,000. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BWXT has been the subject of a number of research reports. BTIG Research raised their price objective on shares of BWX Technologies from $200.00 to $225.00 and gave the company a “buy” rating in a report on Friday, November 7th. Truist Financial set a $205.00 price target on shares of BWX Technologies in a research report on Friday, January 9th. CJS Securities raised shares of BWX Technologies to a “strong-buy” rating in a research note on Friday, December 12th. Bank of America lifted their price target on shares of BWX Technologies from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, Wall Street Zen raised BWX Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Three equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $199.20.

BWX Technologies Trading Down 1.3%

BWXT opened at $206.35 on Friday. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $220.57. The company has a fifty day moving average of $195.15 and a 200-day moving average of $186.60. The stock has a market cap of $18.87 billion, a PE ratio of 61.97, a price-to-earnings-growth ratio of 3.32 and a beta of 0.84. The company has a quick ratio of 1.62, a current ratio of 1.71 and a debt-to-equity ratio of 1.21.

Insider Buying and Selling at BWX Technologies

In other news, CEO Rex D. Geveden sold 10,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 177,594 shares of the company’s stock, valued at $36,097,756.44. The trade was a 5.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.47% of the company’s stock.

BWX Technologies Company 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.