BTIG analyst Andre Madrid raised the firm’s price target on BWX Technologies (BWXT) to $155 from $140 and keeps a Buy rating on the shares. The firm notes that the company’s decision to appoint a new chief nuclear officer signals a stalwart commitment to supporting expanding US naval nuclear propulsion capacity as Kevin McCoy has over 40 years of experience in shipyard operations, nuclear industrial operations, and senior engineering roles in the US Navy and private sector. BWX’s government sector accounted for about 80% of total revenue in 2024 and has grown at an 8% CAGR the last three years, the analyst tells investors in a research note.
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