Legato Capital Management LLC Purchases 2,001 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Legato Capital Management LLC boosted its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 7.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,368 shares of the technology company’s stock after purchasing an additional 2,001 shares during the quarter. Legato Capital Management LLC’s holdings in BWX Technologies were worth $3,271,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System increased its holdings in shares of BWX Technologies by 0.4% in the fourth quarter. Louisiana State Employees Retirement System now owns 25,400 shares of the technology company’s stock worth $2,829,000 after acquiring an additional 100 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of BWX Technologies in the 4th quarter valued at approximately $124,000. Sapient Capital LLC increased its stake in BWX Technologies by 2.7% during the 4th quarter. Sapient Capital LLC now owns 320,326 shares of the technology company’s stock worth $35,681,000 after purchasing an additional 8,413 shares in the last quarter. Kestra Private Wealth Services LLC raised its holdings in BWX Technologies by 19.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 4,102 shares of the technology company’s stock worth $457,000 after buying an additional 673 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in BWX Technologies by 3.5% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 487,630 shares of the technology company’s stock valued at $54,318,000 after buying an additional 16,540 shares in the last quarter. Institutional investors own 94.39% of the company’s stock.

Analyst Upgrades and Downgrades

BWXT has been the subject of several research reports. Bank of America increased their price objective on shares of BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Truist Financial increased their target price on BWX Technologies from $106.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. StockNews.com lowered BWX Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. 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 report on Wednesday, November 6th. Finally, Alembic Global Advisors raised BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 target price on the stock in a research report on Tuesday, November 12th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $127.50.

BWX Technologies Price Performance

NYSE:BWXT opened at $111.87 on Wednesday. The stock’s 50-day simple moving average is $117.05 and its 200 day simple moving average is $113.63. BWX Technologies, Inc. has a 52-week low of $83.71 and a 52-week high of $136.31. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The company has a market cap of $10.23 billion, a P/E ratio of 37.04, a P/E/G ratio of 3.44 and a beta of 0.73.

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.