Drexel Hamilton analyst Brian Ruttenbur maintained a Buy rating on BWX Technologies (NYSE: BWXT) today and set a price target of $74. The company’s shares opened today at $63.07.
Ruttenbur said:
“We believe this problem will be resolved in the coming quarters.”
According to TipRanks.com, Ruttenbur is a 4-star analyst with an average return of 10.3% and a 75.6% success rate. Ruttenbur covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Mercury Systems Inc, and Huntington Ingalls.
Currently, the analyst consensus on BWX Technologies is a Moderate Buy with an average price target of $69.33.
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Based on BWX Technologies’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $60.66 million. In comparison, last year the company had a net profit of $61.26 million.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock.
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BWX Technologies, Inc. engages in the supply and provision of nuclear components and products. It operates through the following business segments: Nuclear Operations Group, Nuclear Services Group, and Nuclear Power Group. The Nuclear Operations Group segment focuses on the design and manufacture of equipment for nuclear applications.
