Is it a Good Move to Acquire BWX Technologies (BWXT) Shares?

Upslope Capital Management, an investment management firm, published its first-quarter 2022 investor letter – a copy of which can be downloaded here. A quarterly portfolio net return of -0.3% was recorded by the fund for the first quarter of 2022, compared to the S&P Midcap 400 ETF and the HFRX Equity Hedge Index that delivered -5.0% and -0.3% gains for the same period. Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Upslope Capital mentioned BWX Technologies, Inc. (NYSE:BWXT) and explained its insights for the company. Founded in 1867, BWX Technologies, Inc. (NYSE:BWXT)  is a Lynchburg, Virginia-based nuclear components manufacturer with a $4.8 billion market capitalization. BWX Technologies, Inc. (NYSE:BWXT)  delivered a 11.47% return since the beginning of the year, while its 12-month returns are down by -20.57%. The stock closed at $53.37 per share on April 25, 2022.

Here is what Upslope Capital has to say about BWX Technologies, Inc. (NYSE:BWXT) in its Q1 2022 investor letter:

“BWX Technologies (NYSE:BWXT): Leading producer of nuclear reactors, components, and fuel, primarily for the power and propulsion of U.S. Navy subs and carriers. In addition to rising geopolitical tensions, the nearing end of a major capex cycle and optionality in non-Naval units should provide tailwinds ahead.”

Our calculations show that BWX Technologies, Inc. (NYSE:BWXT) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. BWX Technologies, Inc. (NYSE:BWXT) was in 26 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 17 funds in the previous quarter. BWX Technologies, Inc. (NYSE:BWXT) delivered a 11.09% return in the past 3 months.

In October 2021, we also shared another hedge fund’s views on BWX Technologies, Inc. (NYSE:BWXT) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.