How Smart Money Is Trading BWX Technologies Inc (BWXT)?

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Consequently, specific money managers have jumped into BWX Technologies Inc (NYSE:BWXT) headfirst. The following funds were among the new BWX Technologies Inc (NYSE:BWXT) investors: First Pacific Advisors LLC, D E Shaw, and Cliff Asness’ AQR Capital Management.

Let’s check out hedge fund activity in other stocks similar to BWX Technologies Inc (NYSE:BWXT). These stocks are Jack in the Box Inc. (NASDAQ:JACK), Aspen Insurance Holdings Limited (NYSE:AHL), Telecom Argentina S.A. (ADR) (NYSE:TEO), and CVR Refining LP (NYSE: CVRR). All of these stocks’ market caps resemble BWX Technologies Inc (NYSE:BWXT)’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
JACK 27 163296 -4
AHL 22 201309 2
TEO 11 86033 -2
CVRR 10 130928 3

As you can see, these stocks had an average of 18 hedge funds with bullish positions and the average amount invested in these stocks was $145 million, while the most popular among them is Jack in the Box Inc. (NASDAQ:JACK) with 27 long positions. BWX Technologies is slightly behind in terms of the number of bullish funds. However, the fact that the company registered a boost in popularity among smart money investors in the third quarter and the $560 million aggregate value of holdings owned by these funds, suggests that BWX might be a good pick for your portfolio and is worth a more in-depth analysis.

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