Analyst Ronald Epstein from Bank of America Securities reiterated a Buy rating on BWX Technologies and increased the price target to $230.00 from $220.00.
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Ronald Epstein has given his Buy rating due to a combination of factors that highlight BWX Technologies’ strong growth trajectory and robust demand across its operations. The company’s Government Operations segment has demonstrated significant growth, driven by the conversion of large awards into revenue, providing visibility into 2026 and beyond. Additionally, the Commercial Operations segment is benefiting from a surge in nuclear power demand, with the portfolio performing above expectations and contributing to a substantial increase in revenue.
BWXT’s recent awards in Special Materials have significantly bolstered its backlog, reaching a record $7.4 billion, which is expected to drive future growth. The company’s strategic contracts, such as the $1.5 billion and $1.6 billion awards from the NNSA, position it well for continued expansion in the defense sector. Furthermore, BWXT’s exposure to naval nuclear opportunities and the potential for increased shipyard capacity underscore its strong market position. These factors collectively support Epstein’s positive outlook and the raised price objective for BWXT.
In another report released on November 7, BTIG also reiterated a Buy rating on the stock with a $225.00 price target.