Analyst Ronald Epstein from Bank of America Securities reiterated a Buy rating on BWX Technologies and increased the price target to $220.00 from $155.00.
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Ronald Epstein has given his Buy rating due to a combination of factors that highlight BWX Technologies’ strong position in the nuclear sector. The company is experiencing significant demand for its naval nuclear power plants, evidenced by a substantial $2.6 billion agreement with the Navy, which ensures a robust backlog and revenue certainty over the next several years. This positions BWXT favorably to support military and space nuclear power initiatives.
Additionally, BWXT stands to benefit from the accelerating development of small modular reactors (SMRs) in the commercial sector. The company’s critical role as a merchant supplier aligns well with the U.S. government’s plans to expand nuclear generation capacity significantly by 2050. Furthermore, BWXT’s involvement in defense and space projects, such as the transportable microreactor and potential lunar surface nuclear power technology, underscores its strategic importance and growth potential in these domains.
In another report released on August 7, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $201.00 price target.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BWXT in relation to earlier this year.